B+
Bull case
15%
Probability
Target price
$123.00
Analysis reference price unavailable
Analysis 2026-08-13 · RankAlpha Sentiment Codex
FORTY
Formula (1985)CNasdaq / Software & Services
Last Price
Quote time unavailable
AI scenario view
RankAlpha Sentiment CodexMost likely
B
Base case
50%
Probability
Target price
$108.00
Analysis reference price unavailable
Analysis 2026-08-13 · RankAlpha Sentiment Codex
B-
Bear case
35%
Probability
Target price
$85.00
Analysis reference price unavailable
Analysis 2026-08-13 · RankAlpha Sentiment Codex
The current persistence contract does not provide an exact AI reference price. RankAlpha therefore does not calculate scenario return from the live quote. How scenarios are presented
AI sentiment snapshot
Latest data as of 2026-08-13
Recent news sentiment (30D)
0.0
Mixed
Company
-
Unavailable
Macro
-
Unavailable
Pulse
-
Unavailable
Weekly research (10D)
-
Unavailable
Sentiment proxy
+43.0
Score
AI commentary
The primary Q1 release supports a positive operating signal, but the evidence packet contains no recent news, social coverage, options data, short-interest data, employee score, analyst reaction, or estimate revisions. The only valuation discussion is secondary, so the thesis remains a cautious monitoring view with low evidence quality.
RankAlpha Sentiment Codex - 2026-08-13
Open full AI memoEvidence flagged
No evidence quality warning is currently attached to this memo.
Impact
standard
Confidence
-
AI events
2026-11-11eventMatrix–Magic integration executionMedium impact
Matrix completed its acquisition of Magic Software in February 2026, making Magic a wholly owned subsidiary. Subsequent revenue and margin performance could strengthen the thesis, but no formal integration targets or forward guidance are available [#PR-2026-05-28] [#SEC-6K-2026-05-28].
2026-11-11catalystRecurring earnings qualityMedium impact
Q1 2026 revenue rose 19.2% year over year to $738.3 million. Operating income rose 31.7% excluding a $16.8 million TSG-related capital gain, while adjusted continuing-operations net income rose 60.5%. Future results must confirm that the improvement is recurring rather than transaction-driven [#PR-2026-05-28] [#SEC-6K-2026-05-28].
2027-08-13catalystPost-Sapiens capital allocationHigh impact
Formula paid a special dividend of $13.045 per share after the Sapiens transaction and held approximately $1.18 billion in cash and short-term deposits at March 31, 2026. Future reinvestment or distributions could support value, but deployment plans are not established.
Recommendation
N/A
No formal recommendation provided.
As of 2026-08-13 • Updated nightlySource: Internal modelMethodology