FORR vs. PRFT: Which Stock Is the Better Value Option?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 02 2024
0mins
Should l Buy FORR?
Source: NASDAQ.COM
Comparison of Forrester Research and Perficient: Forrester Research (FORR) is currently considered a better investment option than Perficient (PRFT) for value investors, as it has a higher Zacks Rank (#2 vs. #3), stronger earnings outlook, and more attractive valuation metrics including lower P/E and PEG ratios.
Valuation Metrics Analysis: FORR holds a Value grade of A with a forward P/E ratio of 11.31 and a PEG ratio of 0.84, while PRFT has a Value grade of C with a forward P/E of 20.42 and a PEG ratio of 1.70, indicating that FORR is perceived as undervalued compared to PRFT.
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Analyst Views on FORR
About FORR
Forrester Research, Inc. is an independent research and advisory firm. The Company operates through three segments: Research, Consulting, and Events. The Research segment provides objective, independent and data-driven research insights utilizing both qualitative and quantitative data. Its primary subscription research services include Forrester Decisions. The Consulting segment includes consulting projects and advisory services. It delivers focused insights and recommendations to assist clients in developing and executing technology and business strategies. The Events segment hosts multiple events across North America, Europe, and the Asia-Pacific region. Its Events focused on business imperatives of significant interest to clients, including business-to-business marketing, sales and product leadership, customer experience, security and risk, technology and innovation, and data strategies and insights.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Optimistic Market Outlook: Morgan Stanley's fourth-quarter CIO survey suggests that software will be the fastest-growing IT sector in 2026, indicating confidence in incumbent software vendors benefiting from AI disruption.
- Strong Datadog Performance: Datadog reported a 28% year-over-year revenue increase to $886 million in Q3, with remaining performance obligations rising 53% to $2.8 billion, although high R&D spending led to slower net income growth.
- Atlassian's Growth Potential: Atlassian's Q3 revenue grew 21% to $1.4 billion, with RPO increasing 42% to $3.3 billion, and the CEO noted that active users engaging with AI features exceeded 3.5 million, reflecting strong market demand.
See More
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- Datadog Market Share Growth: Datadog continues to gain market share in observability software, with Q3 revenue increasing 28% to $886 million and remaining performance obligations (RPO) rising 53% to $2.8 billion, indicating its leadership in AI for IT operations and expected benefits from AI advancements in the future.
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See More
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- Global Tech Spending Growth: Forrester projects that global technology spending will increase by 7.8% to reach $5.6 trillion by 2026, indicating that despite US tariffs, key industries continue to invest in AI.
- Regional Spending Variations: North America's tech spending is expected to grow by 9% to $2.28 trillion, while Asia Pacific will see a 7.9% increase to $1.1 trillion, and Europe will grow by 6.3% to $1.75 trillion, highlighting different regional priorities in tech spending.
- AI Investment Drivers: Despite a weaker economic outlook, technology spending by banks and insurance companies will remain robust in 2026, driven by investments in cybersecurity, cloud, and AI, demonstrating the ongoing demand for technology in high-complexity industries.
- Surge in Computing Equipment Demand: Computing equipment spending is projected to grow by 16.8% in 2026, driven by rising demand for AI servers, with AI-specialized computers expected to capture over 80% of computing equipment spending by 2030, reflecting strong market demand for AI technologies.
See More
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- Shareholder Returns Growth: Palantir has delivered triple-digit gains for shareholders over the past three years, with Q3 2023 revenue increasing 63% to $1.1 billion, demonstrating its rapid growth and market leadership in enterprise AI.
- Bullish Outlook: Morgan Stanley predicts Palantir's stock could soar 130% to $382 within a year, based on its strong financial performance and leadership in AI decisioning platforms, indicating optimistic market expectations for future growth.
- Bearish Risks: Morgan Stanley also outlines a bear case where Palantir's stock could drop 50% to $81, primarily due to its 102 times sales valuation being deemed excessive, which could undermine investor confidence.
- Future Projections: Despite valuation risks, analysts predict Palantir will trade at $200 per share by December 2026, reflecting market recognition of its software standardization position while cautioning investors to be wary of potential market volatility.
See More
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- Financial Performance: The company reported a 63% increase in revenue to $1.1 billion in Q3, with non-GAAP net income rising 110% to $0.21 per share, marking the ninth consecutive acceleration and reflecting strong profitability and market demand.
- Market Valuation: Currently trading at 102 times sales, Palantir is one of the most expensive software stocks in history, and the controversy surrounding its valuation may impact investor confidence moving forward.
- Future Outlook: Analysts predict Palantir's stock price could reach $200 by December 2026, implying a 21% upside potential, although concerns about its high valuation persist in the market.
See More
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- Earnings Call Schedule: Forrester Research will hold its fourth-quarter and full-year earnings conference call on February 12, 2026, at 4:30 p.m. ET, with investors required to log in 15 minutes early to ensure participation.
- Pre-registration for Participants: Investors can pre-register for the call via Forrester.com, ensuring they download and install necessary audio applications ahead of time for smooth access.
- Replay Availability: For those unable to attend the live broadcast, a replay will be available on Forrester's website, ensuring all stakeholders can access the financial information.
- Company Background: Forrester Research is one of the most influential research and advisory firms globally, dedicated to helping leaders in technology, marketing, and sales accelerate growth through a customer-obsessed approach.
See More
