Barrington Reaffirms Their Buy Rating on Forrester Research (FORR)
Barrington analyst Vincent Colicchio maintained a Buy rating on Forrester Research (FORR) today and set a price target of $44.00. The company’s shares closed last Tuesday at $35.38.
According to TipRanks.com, Colicchio is a 4-star analyst with an average return of 9.0% and a 53.5% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Sykes Enterprises, and HealthStream.
Forrester Research has an analyst consensus of Moderate Buy, with a price target consensus of $44.00.
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The company has a one-year high of $50.00 and a one-year low of $22.45. Currently, Forrester Research has an average volume of 35.36K.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FORR in relation to earlier this year.
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Forrester Research, Inc. engages in the provision of research, data, and advisory services. It operates through the following segments: Research, Product, and Project Consulting. The Research segment includes research personnel who are responsible for writing the research and performing the webinars and inquiries for the company’s research and connect products. The Product segment consists of product management organization that is responsible for product pricing, packaging and the launch of new products. The Project Consulting segment comprises of consultants that delivers project consulting services. The company was founded by George F. Colony on July 7, 1983 and is headquartered in Cambridge, MA.