Cantor Fitzgerald Rates Forward Industries (FWDI) buy

Cantor Fitzgerald maintains its buy rating for FWDI with a price target of $7.9, a 87.20% upside from the current price.

By EarningsIQ Research Desk · Published Jul 1, 2026, 11:01 AM EDT · Updated Jul 1, 2026, 3:01 PM EDT

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Cantor Fitzgerald rated Forward Industries, Inc. ($FWDI) "buy" with a $7.90 price target on July 1, 2026.

Since the rating, $FWDI is down 13.0% after 1 week, down 14.3% after 1 month and up 47.0% to date (from the $4.70 close on Jul 1, 2026).

FWDI Forward Industries, Inc.

$6.91 -5.47% year to date

Daily close · Oct 16, 2026

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.

Analyst rating track record

Cantor Fitzgerald vs. the S&P 500

YTD return +1.58% hypothetical

All-time return +19.24% S&P 500 +18.21%

vs. S&P 500 +1.03% ahead of the index

Hypothetical returns from Cantor Fitzgerald's disclosed trades, not real profit or advice. How we model this.

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.

12-month forecast