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FORR

Forrester ResearchC
Nasdaq / Commercial & Professional Services
Last Price
Quote time unavailable
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Current thesis
The Q2 beat, improved year-over-year retention metrics, substantial cash relative to debt, restarted buybacks, and accelerating Forrester AI integration could stabilize contract value and support rerating from a depressed base.
Posture
Mixed
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-10-29 · AMC.
What can break
2026 guidance still calls for revenue of approximately $350 million to $360 million, a 9.3% to 11.8% year-over-year decline.
Momentum
89
Value
51
Sentiment
47
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $12.00 · Bull $14.00 · Bear $8.00Analysis 2026-08-04; returns require an exact persisted reference.
Earnings
2026-10-29 · AMC
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-08-04 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $12.00
Why
Momentum89 · Δ7d +5.5
Value51 · Δ7d -1.4
Sentiment47 · Δ7d -6.1
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.

Confirming evidence

  • • Next scheduled catalyst: earnings 2026-10-29 · AMC.
  • • Value remains the lead driver in the composite, 7D delta -1.4.

Contradictions & invalidation

  • • 2026 guidance still calls for revenue of approximately $350 million to $360 million, a 9.3% to 11.8% year-over-year decline.
  • • AI adoption and workflow integrations may not translate into contract-value growth or improved retention.
  • • Core fundamentals remain weak: Q2 revenue declined 10%, contract value declined 3%, adjusted operating income declined 24%, and consulting and events remain pressured by market uncertainty and the strategy-consulting exit.

Catalyst clock

2026-10-29 · AMC

Contract-value stabilization is the key second-half checkpoint

Lead driver: Value · See fundamentals
Momentum
89
8% active weight
Current posture
7d trendImproving
Δ7d
+5.5
Δ21d
+5.0
Value
51
47% active weight
Current posture
7d trendSoftening
Δ7d
-1.4
Δ21d
-1.9
Sentiment
47
45% active weight
Current posture
7d trendSoftening
Δ7d
-6.1
Δ21d
-18.7
Why this grade

Composite grade C. Momentum 89.2 / Value 51.3 / Sentiment 46.9

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-08-04. Scenario method

B+
Bull case
25%
Probability
Target price
$14.00
Analysis reference price unavailable
Analysis 2026-08-04 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$12.00
Analysis reference price unavailable
Analysis 2026-08-04 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$8.00
Analysis reference price unavailable
Analysis 2026-08-04 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$237.61M
Beta
0.93
Shares Out
19.04M
P/E (TTM) · Derived
-2.0
P/S (TTM)
0.38
P/FCF (TTM)
7.79
Rev YoY
-10.2%
EPS YoY
+281.9%
Gross Margin
+53.3%
Op Margin
-0.9%
Net Debt
-$55.76M
Current Ratio
0.98
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data