ForgeRock Stock Analysis:
Canaccord Capital Downgrades ForgeRock to a Hold rating and lowers the target price to $20 from $23.50 on the company’s stock.
Mizuho Securities lowers the target price on ForgeRock Inc. to $23 from $24, and Downgrades to a Neutral rating.
Based on the ForgeRock stock forecast from 9 analysts, the average analyst target price for ForgeRock is USD 22.17 over the next 12 months. ForgeRock average analyst rating is Buy . Stock Target Advisor’s own stock analysis of ForgeRock is Bearish, which is based on 2 positive signals and 7 negative signals. At the last closing, ForgeRock stock price was USD 22.52. ForgeRock stock price has changed by +45.38% over the past week, +29.13% over the past month and -27.50% over the last year.
What we like:
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.
What we don’t like:
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
The company had negative total cash flow in the most recent four quarters.
Negative free cash flow
The company had negative total free cash flow in the most recent four quarters.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector
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