image
Industrials - Consulting Services - NASDAQ - US
$ 9.51
0.529 %
$ 181 M
Market Cap
-31.7
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FORR stock under the worst case scenario is HIDDEN Compared to the current market price of 9.51 USD, Forrester Research, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FORR stock under the base case scenario is HIDDEN Compared to the current market price of 9.51 USD, Forrester Research, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FORR stock under the best case scenario is HIDDEN Compared to the current market price of 9.51 USD, Forrester Research, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart FORR

image
$18.0$18.0$17.0$17.0$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$9.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
432 M REVENUE
-10.05%
1.78 M OPERATING INCOME
-73.77%
-5.75 M NET INCOME
-188.43%
-3.86 M OPERATING CASH FLOW
-17.81%
5.02 M INVESTING CASH FLOW
113.65%
-16.1 M FINANCING CASH FLOW
12.02%
108 M REVENUE
5.38%
-551 K OPERATING INCOME
-27.81%
432 K NET INCOME
107.45%
-1.83 M OPERATING CASH FLOW
-693.18%
245 K INVESTING CASH FLOW
-96.71%
-3.05 M FINANCING CASH FLOW
36.09%
Balance Sheet Forrester Research, Inc.
image
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 0
Other Current Liabilities 203 M
Non-Current Liabilities 70.4 M
Long-Term Debt 59.8 M
Other Non-Current Liabilities 10.5 M
74.00 %21.80 %3.84 %Total Liabilities$274.3m
EFFICIENCY
Earnings Waterfall Forrester Research, Inc.
image
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%
0.41% OPERATING MARGIN
0.41%
-1.33% NET MARGIN
-1.33%
-2.50% ROE
-2.50%
-1.14% ROA
-1.14%
-1.29% ROIC
-1.29%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Forrester Research, Inc.
image
100m100m80m80m60m60m40m40m20m20m00(20m)(20m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -5.75 M
Depreciation & Amortization 17.2 M
Capital Expenditures -3.4 M
Stock-Based Compensation 14.3 M
Change in Working Capital 0
Others -29.6 M
Free Cash Flow -7.26 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Forrester Research, Inc.
image
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
Download SVG
Download PNG
Download CSV
5. COMPETITION
slide 2 of 7
6. Ownership
Insider Ownership Forrester Research, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
99.1 K USD 2
9-12 MONTHS
0 USD 0
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: B2B Organizations Must Evolve To Encompass AI Agents And External Influencers To Align With How Modern Buyers Want To Buy PHOENIX & CAMBRIDGE, Mass.--(BUSINESS WIRE)--B2B organizations and go-to-market teams have fallen out of step with today's buyers, who are younger, rely more on generative AI and AI agents to research products and services, and increasingly turn to third parties and influencers to make their purchase decisions. These behavioral shifts are upending norms and entrenched practices according to new research, Buying Networks: Your Buyers' New Reality, unveiled at Forrester's (Nasdaq: FORR) B2B Summi. businesswire.com - 2 weeks ago
Forrester Opens Nominations For Its 2025 Global Technology Awards CAMBRIDGE, Mass.--(BUSINESS WIRE)--Forrester (Nasdaq: FORR) today opened calls for nominations for its annual global Technology Awards for Technology Strategy Impact and Enterprise Architecture, which recognize organizations that drive business outcomes through their respective high-performance IT strategies and strategic IT frameworks. The company also announced a new Data & AI Impact Award for organizations based in North America. This award will recognize North American organizations tha. businesswire.com - 1 month ago
Forrester Announces Full Agenda For CX Summit EMEA 2025 LONDON--(BUSINESS WIRE)--Forrester (Nasdaq: FORR) today announced the full conference agenda for its CX Summit EMEA event, scheduled to take place in London and digitally on June 2–4, 2025. In today's competitive market, customers expect consistent and personalised experiences across every interaction. To meet these expectations, leaders must focus on several key initiatives, including delivering data-driven personalisation, implementing effective measurement tools, and leveraging technology to. businesswire.com - 1 month ago
Forrester Research: Shares More Attractive Today Forrester's share price decline materially after posting directionally negatively fundamental results in Q4. Looking forward, with the FD product transition now behind them, I think there's a more positive future than the market is assuming. My concerns, however, remain future M&A risks per their history as well as future strategy shifts again, both of which would put another dent in the financial profile (returns). seekingalpha.com - 1 month ago
Forrester Research Q4: A Business Turnaround That Is Taking Its Time Q4 results were weak, with revenue down significantly, but earnings ticking up due to strict cost control. Underlying metrics are in a positive trend, with management expecting CV to stabilize this year, following several quarters of declines. Shares are cheaply valued at 7.5 times earnings, when adjusting for its net cash position, which represents more than 25% of the current market cap. seekingalpha.com - 2 months ago
Forrester Announces Full Conference Agenda For CX Summit North America 2025 CAMBRIDGE, Mass.--(BUSINESS WIRE)--Forrester (Nasdaq: FORR) today announced the full conference agenda for CX Summit North America, being held in Nashville, Tennessee, and digitally, June 23–26, 2025. Today's customers expect a seamless, consistent, and personalized experience across every part of their journey, making it imperative that brands deliver a total experience. With this approach, companies can simultaneously achieve growth while also driving higher customer retention and loyalty. Th. businesswire.com - 2 months ago
Forrester: Global Tech Spend To Surpass $4.9 Trillion In 2025 CAMBRIDGE, Mass.--(BUSINESS WIRE)--Forrester (Nasdaq: FORR) projects that global technology spend will grow by 5.6% in 2025 to reach $4.9 trillion — up from $4.7 trillion in 2024 — reflecting a significant acceleration. Key growth drivers include the rapid adoption of software, IT services, generative AI (genAI), and cloud technologies. Asia Pacific and North America are expected to see the most rapid growth. According to Forrester's Global Tech Market Forecast, 2024 To 2029, software and IT se. businesswire.com - 2 months ago
Forrester Research, Inc. (FORR) Q4 2024 Earnings Call Transcript Forrester Research, Inc. (NASDAQ:FORR ) Q4 2024 Earnings Conference Call February 11, 2025 4:30 PM ET Company Participants Edward Bryce Morris - Vice President of Corporate Development and Investor Relations George Colony - Chief Executive Officer Chris Finn - Chief Financial Officer Nate Swan - Chief Sales Officer Carrie Johnson - Chief Product Officer Conference Call Participants Andrew Nicholas - William Blair & Company Anja Soderstrom - Sidoti & Company, LLC Operator Good afternoon, and thank you for standing by. Welcome to Forrester's Fourth Quarter and Full Year 2024 Conference Call. seekingalpha.com - 2 months ago
Forrester Research (FORR) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates While the top- and bottom-line numbers for Forrester Research (FORR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 2 months ago
Forrester Research (FORR) Q4 Earnings and Revenues Beat Estimates Forrester Research (FORR) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.25 per share a year ago. zacks.com - 2 months ago
Forrester Research Reports 2024 Fourth-Quarter And Full-Year Financial Results CAMBRIDGE, Mass.--(BUSINESS WIRE)--Forrester Research, Inc. (Nasdaq: FORR) today announced fourth-quarter and full-year financial results for 2024, with contract value (CV) down by 5%, at $307.6 million, compared with the prior year. Commenting on the results, George F. Colony, Forrester's CEO and chairman, stated: “Fourth-quarter and full-year financial results posed challenges, with revenue and CV declines leading to the restructuring announced last month to improve cost efficiency and influe. businesswire.com - 2 months ago
O.A.R. To Headline Forrester's 2025 B2B Summit North America In Phoenix CAMBRIDGE, Mass.--(BUSINESS WIRE)--Forrester (Nasdaq: FORR) today announced that rock band O.A.R. will be this year's headline performer at Forrester's B2B Summit North America, taking place in Phoenix and digitally, March 31–April 3, 2025. B2B Summit North America will offer the latest research, best practices, and advice to enable B2B marketing, sales, customer, and product leaders to transform their approach to engaging with buyers and implement buyer- and customer-driven strategies that acc. businesswire.com - 2 months ago
8. Profile Summary

Forrester Research, Inc. FORR

image
COUNTRY US
INDUSTRY Consulting Services
MARKET CAP $ 181 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 1571
Officers Ms. Jobina Gonsalves Chief People Officer Mr. Richard Fichera Vice President & Principal Analyst Mr. Brendan Witcher Vice President of Digital Business Strategy & Principal Analyst Mr. Jon Symons Vice President of Employee Experience Mr. Frederic Giron Vice President & Research Director Mr. Andrew Cox Chief Marketing Officer Mr. Russell Sweeney Investor Relations Mr. Michael Facemire Chief Technology Officer Mr. Scott R. Chouinard CPA Chief Accounting Officer & Treasurer Mr. Ryan D. Darrah J.D. Chief Legal Officer & Secretary