First Resources Stock Forecast

Stock Price Forecast

According to 7 analysts polled by S&P Global, First Resources stock has a consensus rating of "Buy" and an average price target of $3.85. The average 1-year stock price forecast is 41.54% higher than the current stock price, while the lowest is $3.39 (+24.63%) and the highest is $5.04 (+85.29%).

Price Target: $3.85 (+41.54%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$3.39	$3.85	$3.69	$5.04
Change	+24.63%	+41.54%	+35.66%	+85.29%

Analyst Ratings

The average analyst rating for First Resources stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	6	6	6	6	6	4
Buy	1	1	1	1	1	1
Hold	0	0	0	0	0	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	7	7	7	7	7	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst CGS International No rating	CGS International	Buy Maintains $2.60 → $4.39	Buy	Maintains	$2.60 → $4.39	+61.40%	May 16, 2026
William Simadiputra DBS	DBS	Buy Maintains $5.00	Buy	Maintains	$5.00	+83.82%	May 13, 2026
Unknown Analyst Maybank No rating	Maybank	Buy Maintains $2.63	Buy	Maintains	$2.63	-3.31%	Mar 2, 2026
Lester Siew UOB Kay Hian	UOB Kay Hian	Buy Maintains $2.30 → $2.50	Buy	Maintains	$2.30 → $2.50	-8.09%	Jan 16, 2026

Financial Forecast

Revenue This Year

1.74B

from 1.66B

4.46%

from 1.66B

Revenue Next Year

1.82B

from 1.74B

4.74%

from 1.74B

EPS This Year

0.26

from 0.23

12.35%

from 0.23

EPS Next Year

0.27

from 0.26

4.76%

from 0.26

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.03B	1.23B	980.59M	1.04B	1.66B	1.74B
Revenue Growth	56.31%	18.71%	-19.98%	5.93%	59.91%	4.46%
Gross Profit	477.53M	617.84M	361.90M	468.38M	689.90M	914.54M
Gross Margin	46.26%	50.42%	36.91%	45.09%	41.53%	52.71%
Operating Income	244.99M	417.88M	198.06M	337.01M	494.62M	592.35M
Net Income	161.11M	325.20M	145.40M	245.79M	353.93M	397.68M
EPS	-	-	-	-	0.23	0.26
EPS Growth	-	-	-	-	57.04%	12.35%
Forward PE	11.01	6.84	9.07	8.46	7.92	8.13
Dividend / Share	0.05	0.11	0.05	0.03	0.11	0.14
Dividend Growth	-	129.59%	-56.56%	-31.36%	254.49%	25.34%
Free Cash Flow	164.28M	161.76M	-143.03M	35.82M	18.88M	432.95M
No. Analysts	-	-	-	-	-	6

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	2.0B
Avg	1.7B
Low	1.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	18.0%
Avg	4.5%
Low	-14.2%

EPS Forecast

EPS	2026	2027	2028
High	0.28
Avg	0.26
Low	0.23

EPS Growth

EPS Growth	2026	2027	2028
High	22.6%
Avg	12.3%
Low	-0.5%