Forian Inc.

NasdaqCM:FORA Stock Report

Market Cap: US$67.8m

Forian Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for Forian.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Healthcare Services earnings growth21.9%
Revenue growth raten/a
Future return on equityn/a
Analyst coverage

None

Last updatedn/a

Recent future growth updates

Recent updates

Narrative Update Mar 25

FORA: Maryland Governance Shift And Assumption Tweaks Will Shape Balanced Outlook

Forian's updated analyst price target in $ has shifted slightly, with analysts citing modest adjustments to the discount rate, profit margin assumptions and the expected future P/E as the main factors driving the revision. What's in the News On January 8, 2026, Forian stockholders approved a change so the company is no longer governed by its existing certificate of incorporation and bylaws and is now governed by a Maryland Charter and Maryland Bylaws (Key Developments).
Narrative Update Mar 11

FORA: Maryland Move And Updated Assumptions Will Shape Balanced Forward Outlook

Analysts have adjusted their price target for Forian to $2.10 per share. This reflects updated assumptions for the discount rate, profit margin and future P/E, while keeping fair value per share broadly aligned with prior estimates.
Narrative Update Feb 25

FORA: Maryland Redomicile And Stable Assumptions Will Support Balanced Forward Outlook

Analysts have made a modest adjustment to their fair value view on Forian, with a slightly lower discount rate and virtually unchanged revenue growth, profit margin, and future P/E assumptions guiding the latest price target update in dollar terms. What's in the News Stockholders approved a change in governing documents on January 8, 2026, moving Forian from its existing certificate of incorporation and bylaws to a Maryland Charter and Maryland Bylaws.
Narrative Update Feb 09

FORA: Maryland Redomicile And Data Investment Will Support Steady Forward Outlook

Analysts have trimmed their price target on Forian to US$2.10 from US$2.20, citing slightly lower assumed discount rates and modest adjustments to long term revenue growth, profit margin and future P/E expectations. What's in the News Stockholders approved a change in Forian's governing documents on January 8, 2026, moving from the existing certificate of incorporation and bylaws to a Maryland Charter and Maryland Bylaws.
Narrative Update Jan 26

FORA: Maryland Move And Data Investments Will Support Balanced Forward Outlook

Analysts have slightly reduced their price target on Forian to account for minor changes in key model inputs such as the discount rate and forward P/E, while maintaining their estimate of fair value at US$2.10 per share. What's in the News Stockholders approved Forian's move to be governed by a Maryland Charter and Maryland Bylaws, replacing its prior certificate of incorporation and bylaws, following a special meeting held on January 8, 2026 (company announcement).
Narrative Update Jan 11

FORA: Data Investments And Redomiciling Vote Will Shape Balanced Future Outlook

Analysts have modestly adjusted their price target for Forian, reflecting slightly higher assumed discount rates, a small change in long term profit margin expectations, and a marginally richer future P/E multiple in their updated models. What's in the News Forian has called a special or extraordinary shareholders meeting for January 8, 2026, at 12:00 US Eastern Standard Time to consider a proposal to redomicile from Delaware to Maryland through a statutory conversion (Key Developments).
Narrative Update Dec 21

FORA: Guidance And Data Investments Will Shape Outlook Ahead Of Shareholder Meeting

Analysts have modestly raised their price target on Forian to reflect a slightly higher future earnings multiple of about 29.7 times. At the same time, largely unchanged fair value and growth assumptions indicate a more measured optimism about the company’s long term profit trajectory.
Narrative Update Dec 07

FORA: Guidance, Data Investments And Shareholder Meeting Will Shape Balanced Outlook

Analysts have raised their price target on Forian modestly, citing a slightly higher discount rate and marginally improved expectations for long term profitability and valuation multiples. Together, these factors support a fair value of approximately 2.10 dollars per share.
Narrative Update Nov 23

FORA: Share Buyout Bid And Evolving Guidance Will Shape Outlook

Analysts have significantly reduced their price target for Forian from $5.00 to $2.10 per share, citing lower expected revenue growth and profit margins as the primary factors for the revision. What's in the News A consortium led by Max Wygod has announced plans to acquire the remaining 37% stake in Forian Inc.
Analysis Article Aug 24

Health Check: How Prudently Does Forian (NASDAQ:FORA) Use Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jul 02

Investors Aren't Entirely Convinced By Forian Inc.'s (NASDAQ:FORA) Revenues

There wouldn't be many who think Forian Inc.'s ( NASDAQ:FORA ) price-to-sales (or "P/S") ratio of 2.8x is worth a...
Analysis Article Feb 12

There's Reason For Concern Over Forian Inc.'s (NASDAQ:FORA) Massive 30% Price Jump

The Forian Inc. ( NASDAQ:FORA ) share price has done very well over the last month, posting an excellent gain of 30...
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New Narrative Jan 26

Integration Of Kyber Data Science Will Provide Differentiated Value To Customers

The acquisition of Kyber Data Science and strategic partnerships are expected to enhance market reach and shareholder value, driving revenue growth.
Analysis Article Aug 18

The Consensus EPS Estimates For Forian Inc. (NASDAQ:FORA) Just Fell A Lot

Market forces rained on the parade of Forian Inc. ( NASDAQ:FORA ) shareholders today, when the covering analyst...
Analysis Article Apr 05

Forian (NASDAQ:FORA) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Investors were disappointed with Forian Inc.'s ( NASDAQ:FORA ) earnings, despite the strong profit numbers. Our...
Analysis Article Apr 03

Unpleasant Surprises Could Be In Store For Forian Inc.'s (NASDAQ:FORA) Shares

Forian Inc.'s ( NASDAQ:FORA ) price-to-sales (or "P/S") ratio of 4.4x may look like a poor investment opportunity when...
Analysis Article Feb 27

Is Forian (NASDAQ:FORA) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article May 05

Investors Give Forian Inc. (NASDAQ:FORA) Shares A 28% Hiding

The Forian Inc. ( NASDAQ:FORA ) share price has fared very poorly over the last month, falling by a substantial 28...

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Forian has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

NasdaqCM:FORA - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202530-333N/A
9/30/202528-111N/A
6/30/202525-133N/A
3/31/202522-433N/A
12/31/202420-400N/A
9/30/202420-4-2-2N/A
6/30/202421200N/A
3/31/202421300N/A
12/31/202321211N/A
9/30/202320022N/A
6/30/202319-8-4-4N/A
3/31/202318-11-6-6N/A
12/31/202216-19-9-9N/A
9/30/202217-25-14-13N/A
6/30/202218-29-16-15N/A
3/31/202219-32-19-17N/A
12/31/202117-27-19-17N/A
9/30/202111-21-16-15N/A
6/30/20217-15-11-11N/A
3/31/20212-9-8-7N/A
12/31/20201-5-4-4N/A
9/30/20200-4-3-3N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FORA's forecast earnings growth is above the savings rate (3.5%).

Earnings vs Market: Insufficient data to determine if FORA's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if FORA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if FORA's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if FORA's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FORA's Return on Equity is forecast to be high in 3 years time


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/16 23:25
End of Day Share Price 2026/05/14 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Forian Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard BaldryRoth Capital Partners