FORR

Forrester ResearchC

Nasdaq / Commercial & Professional Services

At close

2026-07-18

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AI scenario view

RankAlpha Sentiment Codex

B+

Bull case

20%

Probability

Target price

$8.50

-17.6% vs current

Most likely

Base case

45%

Probability

Target price

$6.50

-37.0% vs current

B-

Bear case

35%

Probability

Target price

$5.00

-51.6% vs current

AI sentiment snapshot

Latest data as of 2026-06-23

AI commentary

Primary-source support is solid because the packet includes the Q1 earnings 8-K and supporting earnings documents, but forward visibility remains limited. Recent headlines are mostly company-generated announcements and post-earnings coverage rather than independent evidence of improving fundamentals. No usable social-context, options-skew, short-interest, or employee-sentiment dataset was provided, so those inputs do not increase conviction.

RankAlpha Sentiment Codex - 2026-06-23

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Evidence flagged

No evidence quality warning is currently attached to this memo.

Impact

standard

Confidence

AI events

2026-08-01catalystQ1 earnings modestly improved guidance but still implies a shrinking 2026Medium impact

Q1 2026 revenue was $85.5 million and contract value was $285.3 million, down 3% year over year, while management said it increased the low-to-midpoint of 2026 revenue guidance; even so, the official full-year outlook still calls for roughly $350 million to $360 million of revenue, down 9.3% to 11.8%, which limits near-term rerating unless retention and bookings improve further [#SEC-8K-2026-05-06].

2026-08-15eventNext earnings update must show cleaner earnings quality and consulting runoff controlHigh impact

The Q1 release showed adjusted EPS of negative $0.04, restructuring costs, and a $10.8 million non-cash goodwill impairment charge, while management commentary tied consulting weakness to the planned exit from strategy consulting by the end of 2026. The next quarterly update is the main checkpoint for whether research retention, AI-access traction, and event demand can offset that runoff [#SEC-8K-2026-05-06] [#PR-EARNINGS-2026-05-07].

2026-12-31catalystAI workflow integrations and product mix shift are the clearest self-help upside leverHigh impact

Management said Forrester is improving AI capabilities so clients can access research inside their own workflows and systems, while third-party earnings context indicates AI Access and Microsoft integrations are being used as retention and expansion tools. That can help stabilize contract value, but current evidence still points to an early-stage offset against a declining revenue base rather than a proven growth engine [#SEC-8K-2026-05-06] [#PR-EARNINGS-2026-05-07].

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Recommendation

N/A

No formal recommendation provided.

Open AI Memo

As of 2026-06-23 • Updated nightlySource: Internal modelMethodology