Forge Global (FRGE) stock rocketed higher on Thursday after the financial technology company announced an acquisition agreement with financial services firm Charles Schwab (SCHW). Under the terms of this deal, Charles Schwab will acquire all outstanding shares of FRGE for $45 each in cash, representing a 72.3% premium to the stock’s closing price on Wednesday.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Charles Schwab’s offer for Forge Global has a total value of $660 million. It also has the support of the Boards of Directors of Charles Schwab and Forge Global. Additionally, Motive Capital and Deutsche Börse, the two largest holders of FRGE stock, have agreed to support the transaction, which is set to close in the first half of 2026.
Kelly Rodriques, CEO of Forge, said, “With Schwab’s reach and Forge’s solutions, private companies will gain access to liquidity and new growth options from an expanded market of qualified retail investors, while investors will gain new ways to invest in the innovation economy. Together, we’re making the private markets work better for everyone.”
Forge Global Stock Movement Today
Forge Global stock was up 67.08% in pre-market trading on Thursday, following a slight gain yesterday. The stock has also increased 87.11% year-to-date and 54.1% over the past 12 months.
Today’s acquisition news brought with it heavy trading of FRGE stock. As of this writing, more than 677,000 shares have changed hands. For perspective, the company’s three-month daily average trading volume is about 106,000 units.
Is Forge Global Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Forge Global is Strong Buy, based on three Buy ratings over the past three months. With that comes an average FRGE stock price target of $41.33, representing a potential 58.23% upside for the shares.
