FORR

Forrester ResearchA

Nasdaq / Commercial & Professional Services

At close

2026-06-02

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AI scenario view

RankAlpha Sentiment Codex

B+

Bull case

20%

Probability

Target price

$8.25

+17.2% vs current

Most likely

Base case

50%

Probability

Target price

$6.25

-11.2% vs current

B-

Bear case

30%

Probability

Target price

$4.25

-39.6% vs current

AI sentiment snapshot

Latest data as of 2026-05-29

AI commentary

Company-led news flow is active after the May 6 earnings release, but broader analyst-revision coverage is thin and the packet does not show a clear post-print revision cluster. The $6.97 anchor price sits above the $6.00 median target, so this remains a tentative monitoring view rather than a strong rerate setup. Social context was not available, so no social-sentiment signal was used.

RankAlpha Sentiment Codex - 2026-05-29

Open full AI memo

Evidence flagged

Coverage is limited for this name. This memo is usable, but confidence is lower and evidence depth is thinner than a standard report.

Impact

tentative

Confidence

AI events

2026-05-06catalystQ1 softness and 2026 guidance stabilization remain the main near-term checkMedium impact

Forrester's prior baseline notes the May 6 earnings release showed Q1 revenue of $85.5 million versus $89.9 million a year ago, contract value of $285.3 million down 3% year over year, and adjusted EPS of -$0.04. Management also said it increased the low-to-midpoint of 2026 revenue guidance while keeping the adjusted margin and EPS framework intact, which supports stabilization but not a clean growth inflection yet [#PR-2026-05-06] [#10-Q-2026-05-08].

2026-11-30eventGoodwill and credit-facility monitoring remain a live downside overhangHigh impact

The March 31 10-Q says Forrester recorded a $10.8 million goodwill impairment after stock-price weakness and business conditions triggered an interim impairment review. It also discloses the March 12 debt amendment that extended maturity to March 12, 2029, reduced revolver capacity, and added a minimum-liquidity covenant, keeping balance-sheet and impairment sensitivity on watch [#10-Q-2026-05-08].

2026-12-31catalystAI workflow distribution could help retention if it converts into contract valueHigh impact

The prior baseline notes management highlighted AI access and workflow distribution that lets clients use Forrester research inside their own systems, emails, presentations, and documents. This could support retention and wallet expansion over time, but evidence is still early and should be treated as a monitoring item rather than a proven growth driver [#PR-2026-05-06].

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Recommendation

N/A

No formal recommendation provided.

Open AI Memo

As of 2026-05-29 • Updated nightlySource: Internal modelMethodology