Cantor Fitzgerald Reiterates Buy Rating on FWDI
Cantor Fitzgerald maintains its buy rating for FWDI with a price target of $7.9, a 87.20% upside from the current price.
Key Points
- Cantor Fitzgerald reiterated its buy rating on FWDI with a target price of $7.9 as of July 1, 2026.
- Cantor Fitzgerald's $7.90 price target implies 87.20% upside from Forward Industries, Inc.'s ($FWDI) current $4.22 share price.
- FWDI shares were trading at $4.22 on Wednesday, reflecting the analyst's positive outlook.
- Other institutional activities include Galaxy Digital opening a new position with 8,108,108 shares.
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Cantor Fitzgerald has reiterated its buy rating on FWDI, setting a price target of $7.9. This reaffirmation by analyst Gareth Gacetta was announced on July 1, 2026. On the same day, FWDI shares were trading at $4.22.
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Other Institutional Activity in FWDI
Several institutional investors have shown interest in FWDI. Galaxy Digital Inc. opened a new position, acquiring 8,108,108 shares valued at about $35.9 million. Alyeska Investment Group, L.P. maintained its holdings with 3,250,161 shares worth approximately $14.4 million. On the other hand, Multicoin Capital Management, LLC reduced its stake by 6,164,324 shares, ending with 1,783,519 shares, a 77.6% decrease. Marshall Wace, LLP also trimmed its position by 184,285 shares, holding 1,162,310 shares valued at $5.1 million. Geode Capital Management, LLC increased its stake by 265,923 shares, totaling 1,074,928 shares worth about $4.8 million.
Insider Buying and Selling at Forward Industries, Inc.
Insider transactions at FWDI have been active. On May 19, 2026, CEO Michael Pruitt purchased 500 shares at an average price of $4.16. Earlier, Pyahm Samani bought 1,783,519 shares on May 5 at $4.43 per share and 4,458,796 shares on April 30 at $3.91 per share. CFO Mark Christopher Brazier acquired 275,000 shares on April 16 without a specified price.
Analysts Set New Price Targets
On July 1, 2026, Cantor Fitzgerald initiated coverage on FWDI with a buy rating and set a price target of $7.9. This aligns with their positive outlook on the company's potential.
Bottom Line
Cantor Fitzgerald's reiteration of a buy rating and a $7.9 price target highlights their confidence in FWDI's prospects. The stock traded at $4.22 on Wednesday, suggesting potential upside according to the analyst. Institutional activity indicates a mix of new positions and adjustments by major funds. As always, 13F filings and analyst ratings reflect past actions and opinions that may not represent current positions.
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