J.P. Morgan upgrades Forge Global to 'neutral' rating
ReutersMay 14, 2025 11:48 AM
J.P. Morgan upgrades private market platform Forge Global FRGE.N to "neutral" from "underweight" rating, citing solid performance in Q1
Brokerage says FRGE's Q1 revenue represents strongest quarter since 2021
JPM expects co's Q2 to be less robust due to ongoing macro uncertainty, as FRGE's business is highly sensitive to transaction volumes on its platform
Brokerage says FRGE is making steady progress against strategic initiatives and continues to broaden business with more partnerships and prospective acquisition of specialized asset management firm Accuidity
As of last close, stock up ~27.4% YTD
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