FORRESTER RESEARCH, INC. (FORR) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does FORRESTER RESEARCH, INC. Do?
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. FORRESTER RESEARCH, INC. (FORR) is classified as a micro-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO George F. Colony and employs approximately 1,780 people, headquartered in CAMBRIDGE, Massachusetts. With a market capitalization of $103M, FORR is one of the notable companies in the Industrials sector.
FORRESTER RESEARCH, INC. (FORR) Stock Rating — Reduce (April 2026)
As of April 2026, FORRESTER RESEARCH, INC. receives a Reduce rating with a composite score of 33.5/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.FORR ranks #3,655 out of 4,446 stocks in our coverage universe. Within the Industrials sector, FORRESTER RESEARCH, INC. ranks #629 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
FORR Stock Price and 52-Week Range
FORRESTER RESEARCH, INC. (FORR) currently trades at $5.05. The stock lost $0.03 (0.6%) in the most recent trading session. The 52-week high for FORR is $11.57, which means the stock is currently trading -56.4% from its annual peak. The 52-week low is $4.91, putting the stock 2.9% above its annual trough. Recent trading volume was 96K shares, suggesting relatively thin trading activity.
Is FORR Overvalued or Undervalued? — Valuation Analysis
FORRESTER RESEARCH, INC. (FORR) carries a value factor score of 10/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 0.82x, versus the sector average of 2.23x. The price-to-sales ratio is 0.26x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, FORR trades at 6.69x EV/EBITDA, versus 5.70x for the sector.
At current multiples, FORRESTER RESEARCH, INC. trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.
FORRESTER RESEARCH, INC. Profitability — ROE, Margins, and Quality Score
FORRESTER RESEARCH, INC. (FORR) earns a quality factor score of 37/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -72.2%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -22.6% versus the sector average of 3.3%.
On a margin basis, FORRESTER RESEARCH, INC. reports gross margins of 58.0%, compared to 35.8% for the sector. The operating margin is -21.8% (sector: 6.2%). Net profit margin stands at -25.4%, versus 3.9% for the average Industrials stock. Revenue growth is running at -22.6% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
FORR Debt, Balance Sheet, and Financial Health
FORRESTER RESEARCH, INC. has a debt-to-equity ratio of 219.0%, compared to the Industrials sector average of 70.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 0.89x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $35M. Cash and equivalents stand at $65M.
FORR has a beta of 0.35, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for FORRESTER RESEARCH, INC. is 59/100, reflecting average volatility within the normal range for its sector.
FORRESTER RESEARCH, INC. Revenue and Earnings History — Quarterly Trend
In TTM 2026, FORRESTER RESEARCH, INC. reported revenue of $398M and earnings per share (EPS) of $-6.28. Net income for the quarter was $-91M. Gross margin was 58.0%. Operating income came in at $-77M.
In FY 2025, FORRESTER RESEARCH, INC. reported revenue of $397M and earnings per share (EPS) of $-6.28. Net income for the quarter was $-119M. Gross margin was 57.0%. Revenue grew -8.2% year-over-year compared to FY 2024. Operating income came in at $-113M.
In Q3 2025, FORRESTER RESEARCH, INC. reported revenue of $94M and earnings per share (EPS) of $-0.11. Net income for the quarter was $-2M. Gross margin was 60.0%. Revenue grew -8.0% year-over-year compared to Q3 2024. Operating income came in at $4M.
In Q2 2025, FORRESTER RESEARCH, INC. reported revenue of $112M and earnings per share (EPS) of $0.21. Net income for the quarter was $4M. Gross margin was 55.5%. Revenue grew -8.3% year-over-year compared to Q2 2024. Operating income came in at $7M.
Over the past 8 quarters, FORRESTER RESEARCH, INC. has demonstrated a growth trajectory, with revenue expanding from $122M to $398M. Investors analyzing FORR stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
FORR Dividend Yield and Income Analysis
FORRESTER RESEARCH, INC. (FORR) does not currently pay a dividend. This is common among smaller companies in the Business Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
FORR Momentum and Technical Analysis Profile
FORRESTER RESEARCH, INC. (FORR) has a momentum factor score of 18/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 38/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 68/100 reflects moderate short selling activity.
FORR vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, FORRESTER RESEARCH, INC. (FORR) ranks #629 out of 752 stocks based on the Blank Capital composite score. This places FORR in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing FORR against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full FORR vs S&P 500 (SPY) comparison to assess how FORRESTER RESEARCH, INC. stacks up against the broader market across all factor dimensions.
FORR Next Earnings Date
No upcoming earnings date has been announced for FORRESTER RESEARCH, INC. (FORR) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy FORR? — Investment Thesis Summary
The quantitative profile for FORRESTER RESEARCH, INC. suggests caution. The quality score of 37/100 flags below-average profitability. The value score of 10/100 indicates premium valuation. Momentum is weak at 18/100, a headwind for near-term performance.
In summary, FORRESTER RESEARCH, INC. (FORR) earns a Reduce rating with a composite score of 33.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on FORR stock.
Related Resources for FORR Investors
Explore more research and tools: FORR vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare FORR head-to-head with peers: FORR vs SOBO, FORR vs TEN, FORR vs GLDD.