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Forrester Research, Inc. FORR
Industrials - Consulting Services - NASDAQ - US
Watchlist
$ 10.83
6.39 %
$ 206 M
Market Cap
-2.37
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one FORR stock under the worst case scenario is HIDDEN Compared to the current market price of 10.8 USD, Forrester Research, Inc. is HIDDEN

FORR Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one FORR stock under the base case scenario is HIDDEN Compared to the current market price of 10.8 USD, Forrester Research, Inc. is HIDDEN

FORR Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one FORR stock under the best case scenario is HIDDEN Compared to the current market price of 10.8 USD, Forrester Research, Inc. is HIDDEN

FORR Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart FORR

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1M 5%
6M -36%
1Y -61%
3Y -318%
5Y -191%
All
$16.0$16.0$15.0$15.0$14.0$14.0$13.0$13.0$12.0$12.0$11.0$11.0$10.0$10.0$9.0$9.0$8.0$8.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
432 M REVENUE
-10.05%
Growth Rates
1Year -10.05%
3Years -4.36%
5Years -1.30%
7Years 3.60%
10Years 3.32%
1.78 M OPERATING INCOME
-73.77%
Growth Rates
1Year -73.77%
3Years -64.19%
5Years -24.75%
7Years -32.41%
10Years -20.77%
-5.75 M NET INCOME
-188.43%
Growth Rates
1Year -188.43%
3Years -7.18%
5Years 9.70%
7Years -4.70%
10Years -4.34%
-3.86 M OPERATING CASH FLOW
-17.81%
Growth Rates
1Year -17.81%
3Years -1.19%
5Years -1.55%
7Years -1.41%
10Years -1.27%
5.02 M INVESTING CASH FLOW
113.65%
Growth Rates
1Year 113.65%
3Years 29.49%
5Years 15.10%
7Years 32.51%
10Years -14.75%
-16.1 M FINANCING CASH FLOW
12.02%
Growth Rates
1Year 12.02%
3Years 31.06%
5Years -2.37%
7Years 11.42%
10Years 14.37%
89.9 M REVENUE
-16.81%
Growth Rates
1Year -10.05%
3Years -4.36%
5Years -1.30%
7Years 3.60%
10Years 3.32%
-87.6 M OPERATING INCOME
-15796.73%
Growth Rates
1Year -73.77%
3Years -64.19%
5Years -24.75%
7Years -32.41%
10Years -20.77%
-87.3 M NET INCOME
-20201.85%
Growth Rates
1Year -188.43%
3Years -7.18%
5Years 9.70%
7Years -4.70%
10Years -4.34%
26.7 M OPERATING CASH FLOW
1560.27%
Growth Rates
1Year -17.81%
3Years -1.19%
5Years -1.55%
7Years -1.41%
10Years -1.27%
-8.47 M INVESTING CASH FLOW
-3457.96%
Growth Rates
1Year 113.65%
3Years 29.49%
5Years 15.10%
7Years 32.51%
10Years -14.75%
235 K FINANCING CASH FLOW
107.70%
Growth Rates
1Year 12.02%
3Years 31.06%
5Years -2.37%
7Years 11.42%
10Years 14.37%
Balance Sheet Forrester Research, Inc.
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Current Assets 201 M
Cash & Short-Term Investments 105 M
Receivables 55.5 M
Other Current Assets 41.2 M
Non-Current Assets 302 M
Long-Term Investments 0
PP&E 38.7 M
Other Non-Current Assets 264 M
20.77 %11.01 %8.18 %7.69 %52.35 %Total Assets$503.9m
Current Liabilities 204 M
Accounts Payable 965 K
Short-Term Debt 12.8 M
Other Current Liabilities 190 M
Non-Current Liabilities 70.4 M
Long-Term Debt 59.8 M
Other Non-Current Liabilities 10.5 M
4.65 %69.35 %21.80 %3.84 %Total Liabilities$274.3m
EFFICIENCY
Earnings Waterfall Forrester Research, Inc.
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Revenue 432 M
Cost Of Revenue 9.65 M
Gross Profit 423 M
Operating Expenses 422 M
Operating Income 1.78 M
Other Expenses 7.52 M
Net Income -5.75 M
450m450m400m400m350m350m300m300m250m250m200m200m150m150m100m100m50m50m00(50m)(50m)432m(10m)423m(422m)2m(8m)(6m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
97.77% GROSS MARGIN
97.77%
Averages
1Year 97.77%
3Years 71.21%
5Years 66.50%
7Years 64.13%
10Years 62.88%
0.41% OPERATING MARGIN
0.41%
Averages
1Year 0.41%
3Years 2.63%
5Years 4.10%
7Years 4.05%
10Years 5.20%
-1.33% NET MARGIN
-1.33%
Averages
1Year -1.33%
3Years 1.12%
5Years 2.12%
7Years 1.83%
10Years 2.66%
-2.50% ROE
-2.50%
Averages
1Year -2.50%
3Years 2.87%
5Years 5.23%
7Years 4.32%
10Years 6.22%
-1.14% ROA
-1.14%
Averages
1Year -1.14%
3Years 0.99%
5Years 1.64%
7Years 1.58%
10Years 2.44%
-1.24% ROIC
-1.24%
Averages
1Year -1.24%
3Years 2.10%
5Years 3.62%
7Years 4.13%
10Years 5.88%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Forrester Research, Inc.
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100m100m80m80m60m60m40m40m20m20m00(20m)(20m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -5.75 M
Depreciation & Amortization 30.2 M
Capital Expenditures -3.4 M
Stock-Based Compensation 14.3 M
Change in Working Capital -45.5 M
Others 2.92 M
Free Cash Flow -7.26 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Forrester Research, Inc.
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FORR has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.2 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.900.900.800.800.700.700.600.600.500.500.400.400.300.300.200.200.100.100.000.000.170.180.190.20.170.180.190.20.170.180.190.20.170.680.180.720.190.760.20.8020152015201620162017201720182018
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Forrester Research, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
99.1 K USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Forrester's Total Experience Score Exposes Tesla's Brand Dichotomy: Loved By Customers, Shunned By Prospective Buyers CAMBRIDGE, Mass.--(BUSINESS WIRE)--According to Forrester's (Nasdaq: FORR) Global Total Experience Score Rankings, 2025, while Tesla enjoys a strong brand perception among its customers, it fails to connect with potential buyers, and represents the widest perception gap across more than 400 brands evaluated across 10 industries and 13 countries. The auto manufacture achieved a customer score of 72.5 points, exceeding the industry benchmark, and even outperformed highly regarded brands like Hond. businesswire.com - 1 week ago
Forrester Introduces The Total Experience Score: A New Metric For Measuring The Power Of A Unified Brand And Customer Experience LONDON--(BUSINESS WIRE)--According to Forrester's (Nasdaq: FORR) Global Total Experience Score Rankings, 2025, when companies align their brand promise with the experiences they deliver across both customer and non-customer segments, they are better positioned to win and serve customers — unlocking up to 3.5x revenue growth and significantly boosting customer loyalty. Forrester's research shows that brand experience (BX) and customer experience (CX) are interconnected. To drive growth, companie. businesswire.com - 2 weeks ago
Forrester Introduces The Total Experience Score: A New Metric For Measuring The Power Of A Unified Brand And Customer Experience NASHVILLE & CAMBRIDGE, Mass.--(BUSINESS WIRE)--According to Forrester's (Nasdaq: FORR) Global Total Experience Score Rankings, 2025, when companies align their brand promise with the experiences they deliver across both customer and noncustomer segments, they are better positioned to win and serve customers — unlocking up to 3.5x revenue growth and significantly boosting customer loyalty. Forrester's research shows that brand experience (BX) and customer experience (CX) are interconnected. To d. businesswire.com - 2 weeks ago
Forrester's 2025 Global Customer Experience Index Rankings: 21% Of Brands Declined, 6% Improved, And 73% Remained Unchanged NASHVILLE, Tenn. & CAMBRIDGE, Mass.--(BUSINESS WIRE)--According to Forrester's (Nasdaq: FORR) global Customer Experience Index (CX Index™) 2025 rankings, ongoing challenges that drove last year's decline in customer experience (CX) quality — weaker employee experience, waning customer obsession, disappointing tech implementations, and economic volatility — continue to impact how consumers perceive CX quality. Furthermore, the disparity between the customer experience that brands intend to deliv. businesswire.com - 2 weeks ago
Forrester's Brand Experience Index Reveals A Stark Perception Gap Between Customers And NonCustomers Across Industries And Regions NASHVILLE, Tenn. & CAMBRIDGE, Mass.--(BUSINESS WIRE)--According to Forrester's (Nasdaq: FORR) Brand Experience Index (BX Index™), both customers and noncustomers are more likely to purchase from, recommend, prefer, and pay a premium for brands with strong brand experience (BX) scores. Across all industries and countries, the average customer BX Index score consistently surpasses the noncustomer score, with differences ranging from 5 to 30 points. For example, in the US, Tesla earns a relatively. businesswire.com - 2 weeks ago
Forrester Announces The EMEA Recipients Of Its 2025 Customer-Obsessed Enterprise Award LONDON--(BUSINESS WIRE)--Forrester (Nasdaq: FORR) today announced that Brenntag and e& are the winners of its 2025 Customer-Obsessed Enterprise Award for Europe, Middle East, and Africa (EMEA). The award recognises organisations that place their customers at the centre of their leadership, strategy, and operations to drive business outcomes, including building sustainable growth, customer loyalty, and employee engagement. Both recipients will be celebrated at CX Summit EMEA, a leading event. businesswire.com - 1 month ago
Forrester Research: Rare Deep Value Play With Chart Turning Higher Forrester Research is deeply undervalued, with its share price dropping to multi-year lows on weaker sales, despite terrific profit margins and a strong balance sheet. If operations stabilize, I see fair value as high as $30 per share into 2026, offering significant upside from $11 currently. The technical trading picture for FORR is ripe for a turnaround in price, as underlying momentum has improved dramatically over the last 6 weeks. seekingalpha.com - 1 month ago
Forrester Opens Nominations For Its 2025 B2B Awards In EMEA And APAC LONDON--(BUSINESS WIRE)--Forrester (Nasdaq: FORR) today opened calls for nominations for its 2025 B2B Return On Integration Honors and B2B Programs Of The Year Awards in Asia Pacific (APAC) and Europe, Middle East, and Africa (EMEA). These awards will recognize B2B organizations based in both regions for achieving functional excellence and outstanding alignment across marketing, sales, and product — the B2B revenue engine — to improve customer experience and drive growth. Nominations for both a. businesswire.com - 1 month ago
Forrester Research (FORR) Tops Q1 Earnings Estimates Forrester Research (FORR) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.14 per share a year ago. zacks.com - 2 months ago
Forrester Unveils Top 10 Emerging Technologies For 2025; AI Innovation Shifts From Experimentation To Business Imperative CAMBRIDGE, Mass.--(BUSINESS WIRE)--As generative AI evolves into agentic AI, automation becomes more sophisticated, and emerging technologies shift to large-scale deployment, firms will no longer be experimenting with AI by the end of 2025 — they will be racing to keep up with AI's acceleration. However, given ongoing geopolitical volatility, making the right technology investment decisions will be a key lever for business growth and competitive advantage. Forrester's (Nasdaq: FORR) research, T. businesswire.com - 2 months ago
Forrester Research (FORR) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release Forrester Research (FORR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 2 months ago
Forrester Research To Broadcast Its 2025 First-Quarter Earnings Conference Call CAMBRIDGE, Mass.--(BUSINESS WIRE)--Forrester Research, Inc. (Nasdaq: FORR) will broadcast its first-quarter earnings conference call at 4:30 p.m. ET on May 6, 2025. The call will be available at Forrester.com. Investors who wish to hear the call should log on at least 15 minutes prior to the broadcast. Participants may pre-register for the call here. Instructions are provided to ensure that the necessary audio applications are downloaded and installed. Users can obtain these programs at no char. businesswire.com - 2 months ago
8. Profile Summary

Forrester Research, Inc. FORR

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COUNTRY US
INDUSTRY Consulting Services
MARKET CAP $ 206 M
Dividend Yield 0.00%
Description Forrester Research, Inc. operates as an independent research and advisory services company. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research portfolio services include Forrester Research, SiriusDecisions Research, and Forrester Decisions, which are designed to provide business and technology leaders with a proven path to growth through customer obsession. This segment delivers content, such as future trends, predictions, and market forecasts; deep consumer and business buyer data and insights; curated best practice models and tools to run business functions; operational and performance benchmarking data; and technology and service market landscapes and vendor evaluations through online access. The Consulting segment provides consulting projecs, including conducting maturity assessments, prioritizing best practices, developing strategies, building business cases, selecting technology vendors, structuring organizations, developing content marketing strategies and collateral, and sales tools; and advisory services. The Events segment hosts in-person and virtual events related to business-to-business marketing, sales and product leadership, customer experience, security and risk, new technology and innovation, and data strategies and insights. The company sells its products and services through direct sales force in various locations in the United States, Europe, the United Kingdom, Canada, the Asia Pacific region, and internationally. Forrester Research, Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.
Contact 60 Acorn Park Drive, Cambridge, MA, 02140 https://www.forrester.com
IPO Date Nov. 27, 1996
Employees 1510
Officers Mr. Michael Facemire Chief Technology Officer Mr. Russell Sweeney Investor Relations Mr. Ryan D. Darrah J.D. Chief Legal Officer & Secretary Mr. Leo Christian Finn Chief Financial Officer Mr. Scott R. Chouinard CPA Chief Accounting Officer & Treasurer Ms. Sharyn Leaver Chief Research Officer Mr. Nate Swan Chief Sales Officer Ms. Carrie Johnson Fanlo Chief Product Officer Mr. George F. Colony Founder, Chairman, Chief Executive Officer & President Mr. Andrew Cox Chief Marketing Officer