Money Forward Stock Forecast

Stock Price Forecast

According to 9 analysts polled by S&P Global, Money Forward stock has a consensus rating of "Hold" and an average price target of ¥4,578. The average 1-year stock price forecast is 8.99% higher than the current stock price, while the lowest is ¥3,500 (-16.67%) and the highest is ¥6,000 (+42.86%).

Price Target: ¥4,578 (+8.99%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	¥3,500	¥4,578	¥4,400	¥6,000
Change	-16.67%	+8.99%	+4.76%	+42.86%

* Price targets were last updated on Apr 1, 2026.

Analyst Ratings

The average analyst rating for Money Forward stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	7	7	7	6	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	9	9	9	8	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tetsuro Tsusaka Morgan Stanley	Morgan Stanley	Hold Maintains ¥4,900 → ¥3,500	Hold	Maintains	¥4,900 → ¥3,500	-16.67%	Apr 1, 2026
Hiroko Sato Jefferies	Jefferies	Hold Maintains ¥4,000	Hold	Maintains	¥4,000	-4.76%	Mar 31, 2026

Financial Forecast

Revenue This Year

59.77B

from 50.35B

18.71%

from 50.35B

Revenue Next Year

71.10B

from 59.77B

18.96%

from 59.77B

EPS This Year

n/a

from -

EPS Next Year

n/a

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Nov 30, 2021	Nov 30, 2022	Nov 30, 2023	Nov 30, 2024	Nov 30, 2025	Nov 30, 2026
Revenue	15.63B	21.48B	30.38B	40.36B	50.35B	59.77B
Revenue Growth	38.12%	37.39%	41.45%	32.86%	24.74%	18.71%
Gross Profit	10.82B	13.40B	19.08B	27.06B	34.23B	44.60B
Gross Margin	69.20%	62.38%	62.81%	67.04%	67.98%	74.63%
Operating Income	-1.06B	-8.47B	-6.33B	-4.74B	-2.65B	467.00M
Net Income	-1.48B	-9.45B	-6.32B	-6.33B	1.59B	2.33M
Free Cash Flow	-4.32B	-4.78B	-2.17B	-8.19B	-1.60B	-2.76B
No. Analysts	-	-	-	-	-	9

Financial currency is JPY.

Revenue Forecast

Revenue	2026	2027	2028
High	61.7B
Avg	59.8B
Low	55.1B

Revenue Growth

Revenue Growth	2026	2027	2028
High	22.6%
Avg	18.7%
Low	9.4%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	-
Low	-

EPS Growth

EPS Growth	2027	2028
High	-
Avg	-
Low	-