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Forian (FORA) Stock Forecast, Price Target & Predictions

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FORA Stock Forecast

Forian stock forecast is as follows: an average price target of $4.50 (represents a 115.31% upside from FORA’s last price of $2.09) and a rating consensus of 'Buy', based on 1 wall street analysts offering a 1-year stock forecast.

FORA Price Target

The average price target for Forian (FORA) is $4.50 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $4.50 to $4.50. This represents a potential 115.31% upside from FORA's last price of $2.09.

FORA Analyst Ratings

Buy

According to 1 Wall Street analysts, Forian's rating consensus is 'Buy'. The analyst rating breakdown for FORA stock is 0 'Strong Buy' (0.00%), 1 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Forian Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Apr 01, 2024Eric MartinuzziLoop Capital Markets--42.18%115.31%
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The latest Forian stock forecast, released on Apr 01, 2024 by Eric Martinuzzi from Loop Capital Markets, set a price target of $4.50, which represents a 42.18% increase from the stock price at the time of the forecast ($3.17), and a 115.31% increase from FORA last price ($2.09).

Forian Price Target by Period

1M3M12M
# Anlaysts--1
Avg Price Target--$4.50
Last Closing Price$2.09$2.09$2.09
Upside/Downside-100.00%-100.00%115.31%

In the current month, the average price target of Forian stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Forian's last price of $2.09. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Apr 01, 2024Lake StreetBuyBuyHold
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Forian's last stock rating was published by Lake Street on Apr 01, 2024. The company gave FORA a "Buy" rating, the same as its previous rate.

Forian Financial Forecast

Forian Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
Revenue--------$5.37M$5.35M$4.89M$4.87M$7.90M$7.18M$6.53M$6.39M
Avg Forecast$5.90M$5.60M$5.50M$5.40M$5.40M$4.80M$5.30M$5.10M$5.56M$5.22M$5.10M$5.00M$7.10M$6.67M$6.18M$5.83M
High Forecast$5.90M$5.60M$5.50M$5.40M$5.40M$4.80M$5.30M$5.10M$5.56M$5.22M$5.10M$5.00M$7.10M$6.67M$6.18M$5.83M
Low Forecast$5.90M$5.60M$5.50M$5.40M$5.40M$4.80M$5.30M$5.10M$5.56M$5.22M$5.10M$5.00M$7.10M$6.67M$6.18M$5.83M
# Analysts1111111111111111
Surprise %--------0.97%1.03%0.96%0.97%1.11%1.08%1.06%1.10%

Forian's average Quarter revenue forecast for Mar 24 based on 1 analysts is $5.10M, with a low forecast of $5.10M, and a high forecast of $5.10M. FORA's average Quarter revenue forecast represents a -5.01% decrease compared to the company's last Quarter revenue of $5.37M (Dec 23).

Forian EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
# Analysts1111111111111111
EBITDA--------$-648.65K$4.05M$-1.35M$-1.36M$-2.47M$-3.99M$-4.91M$-5.83M
Avg Forecast$-1.79M$-1.70M$-1.67M$-1.64M$-1.64M$-1.46M$-1.61M$-1.55M$-1.69M$-1.58M$-1.55M$-1.52M$-2.15M$-2.47M$-2.29M$-6.95M
High Forecast$-1.79M$-1.70M$-1.67M$-1.64M$-1.64M$-1.46M$-1.61M$-1.55M$-1.69M$-1.58M$-1.55M$-1.52M$-2.15M$-2.47M$-2.29M$-5.56M
Low Forecast$-1.79M$-1.70M$-1.67M$-1.64M$-1.64M$-1.46M$-1.61M$-1.55M$-1.69M$-1.58M$-1.55M$-1.52M$-2.15M$-2.47M$-2.29M$-8.33M
Surprise %--------0.38%-2.56%0.88%0.90%1.14%1.62%2.15%0.84%

1 analysts predict FORA's average Quarter EBITDA for Dec 23 to be $-1.69M, with a high of $-1.69M and a low of $-1.69M. This is -141.67% lower than Forian's previous annual EBITDA (Sep 23) of $4.05M.

Forian Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
# Analysts1111111111111111
Net Income--------$1.39M$4.34M$-1.12M$-2.25M$-3.56M$-5.13M$-5.43M$-11.85M
Avg Forecast$621.96K$621.96K$621.96K$621.96K$621.96K$3.11M$932.95K$932.95K$310.98K$-932.95K$-1.55M$-2.18M$-4.66M$-5.29M$-7.15M$-7.52M
High Forecast$621.96K$621.96K$621.96K$621.96K$621.96K$3.11M$932.95K$932.95K$310.98K$-932.95K$-1.55M$-2.18M$-4.66M$-5.29M$-7.15M$-6.02M
Low Forecast$621.96K$621.96K$621.96K$621.96K$621.96K$3.11M$932.95K$932.95K$310.98K$-932.95K$-1.55M$-2.18M$-4.66M$-5.29M$-7.15M$-9.03M
Surprise %--------4.47%-4.65%0.72%1.03%0.76%0.97%0.76%1.58%

Forian's average Quarter net income forecast for Mar 24 is $932.95K, with a range of $932.95K to $932.95K. FORA's average Quarter net income forecast represents a -32.83% decrease compared to the company's last Quarter net income of $1.39M (Dec 23).

Forian SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
# Analysts1111111111111111
SG&A--------$4.38M$4.52M$4.79M$4.84M$6.33M$6.19M$6.39M$7.50M
Avg Forecast$11.74M$11.15M$10.95M$10.75M$10.75M$9.55M$10.55M$10.15M$11.06M$10.39M$10.15M$9.95M$14.13M$13.29M$12.30M$4.76M
High Forecast$11.74M$11.15M$10.95M$10.75M$10.75M$9.55M$10.55M$10.15M$11.06M$10.39M$10.15M$9.95M$14.13M$13.29M$12.30M$5.71M
Low Forecast$11.74M$11.15M$10.95M$10.75M$10.75M$9.55M$10.55M$10.15M$11.06M$10.39M$10.15M$9.95M$14.13M$13.29M$12.30M$3.81M
Surprise %--------0.40%0.43%0.47%0.49%0.45%0.47%0.52%1.58%

Forian's average Quarter SG&A projection for Mar 24 is $10.15M, based on 1 Wall Street analysts, with a range of $10.15M to $10.15M. The forecast indicates a 131.90% rise compared to FORA last annual SG&A of $4.38M (Dec 23).

Forian EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
# Analysts1111111111111111
EPS--------$0.04$0.13$-0.03$-0.07$-0.11$-0.16$-0.17$-0.37
Avg Forecast$0.02$0.02$0.02$0.02$0.02$0.10$0.03$0.03$0.01$-0.03$-0.05$-0.07$-0.15$-0.17$-0.23$-0.26
High Forecast$0.02$0.02$0.02$0.02$0.02$0.10$0.03$0.03$0.01$-0.03$-0.05$-0.07$-0.15$-0.17$-0.23$-0.26
Low Forecast$0.02$0.02$0.02$0.02$0.02$0.10$0.03$0.03$0.01$-0.03$-0.05$-0.07$-0.15$-0.17$-0.23$-0.26
Surprise %--------4.28%-4.33%0.70%0.99%0.73%0.94%0.74%1.42%

According to 1 Wall Street analysts, Forian's projected average Quarter EPS for Mar 24 is $0.03, with a low estimate of $0.03 and a high estimate of $0.03. This represents a -29.91% decrease compared to FORA previous annual EPS of $0.04 (Dec 23).

Forian Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HCATHealth Catalyst--281.85%Buy
DHDefinitive Healthcare--123.53%Hold
FORAForian--115.31%Buy
HQYHealthEquity---7.31%Buy
HSTMHealthStream---8.86%Buy

FORA Forecast FAQ

Is Forian a good buy?

Yes, according to 1 Wall Street analysts, Forian (FORA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 100.00% of FORA's total ratings.

What is FORA's price target?

Forian (FORA) average price target is $4.5 with a range of $4.5 to $4.5, implying a 115.31% from its last price of $2.09. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Forian stock go up soon?

According to Wall Street analysts' prediction for FORA stock, the company can go up by 115.31% (from the last price of $2.09 to the average price target of $4.5), up by 115.31% based on the highest stock price target, and up by 115.31% based on the lowest stock price target.

Can Forian stock reach $3?

FORA's average twelve months analyst stock price target of $4.5 supports the claim that Forian can reach $3 in the near future.

What are Forian's analysts' financial forecasts?

Forian's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $20.6M (high $20.6M, low $20.6M), average EBITDA is $-6.252M (high $-6.252M, low $-6.252M), average net income is $5.6M (high $5.6M, low $5.6M), average SG&A $41.01M (high $41.01M, low $41.01M), and average EPS is $0.18 (high $0.18, low $0.18). FORA's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $22.4M (high $22.4M, low $22.4M), average EBITDA is $-6.799M (high $-6.799M, low $-6.799M), average net income is $2.49M (high $2.49M, low $2.49M), average SG&A $44.59M (high $44.59M, low $44.59M), and average EPS is $0.08 (high $0.08, low $0.08).

Did the FORA's actual financial results beat the analysts' financial forecasts?

Based on Forian's last annual report (Dec 2023), the company's revenue was $20.48M, which missed the average analysts forecast of $20.88M by -1.89%. Apple's EBITDA was $1.06M, missing the average prediction of $-6.336M by -116.71%. The company's net income was $11.11M, missing the average estimation of $-4.354M by -355.11%. Apple's SG&A was $18.52M, missing the average forecast of $41.55M by -55.44%. Lastly, the company's EPS was $0.35, missing the average prediction of $-0.14 by -350.00%. In terms of the last quarterly report (Dec 2023), Forian's revenue was $5.37M, missing the average analysts' forecast of $5.56M by -3.39%. The company's EBITDA was $-649K, missing the average prediction of $-1.687M by -61.54%. Forian's net income was $1.39M, beating the average estimation of $310.98K by 346.63%. The company's SG&A was $4.38M, missing the average forecast of $11.06M by -60.43%. Lastly, the company's EPS was $0.0428, beating the average prediction of $0.01 by 328.00%