Money Forward Stock Forecast

Stock Price Forecast

According to 10 analysts polled by S&P Global, Money Forward stock has a consensus rating of "Hold" and an average price target of ¥4,610. The average 1-year stock price forecast is 6.60% lower than the current stock price, while the lowest is ¥3,500 (-29.09%) and the highest is ¥6,000 (+21.56%).

Price Target: ¥4,610 (-6.60%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	¥3,500	¥4,610	¥4,600	¥6,000
Change	-29.09%	-6.60%	-6.81%	+21.56%

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	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	7	7	7	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	1	1
Total	9	9	9	9	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Chikai Tanaka Goldman Sachs	Goldman Sachs	Sell Initiates ¥3,500	Sell	Initiates	¥3,500	-29.09%	Jun 30, 2026
Tetsuro Tsusaka Morgan Stanley	Morgan Stanley	Hold Maintains ¥4,900 → ¥3,500	Hold	Maintains	¥4,900 → ¥3,500	-29.09%	Apr 1, 2026
Hiroko Sato Jefferies	Jefferies	Hold Maintains ¥4,000	Hold	Maintains	¥4,000	-18.96%	Mar 31, 2026

Financial Forecast

Revenue This Year

60.08B

from 50.35B

19.33%

from 50.35B

Revenue Next Year

71.06B

from 60.08B

18.27%

from 60.08B

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	60.08B
Revenue Growth	38.12%	37.39%	41.45%	32.86%	24.74%	19.33%
Gross Profit	10.82B	13.40B	19.08B	27.06B	34.23B	44.93B
Gross Margin	69.20%	62.38%	62.81%	67.04%	67.98%	74.78%
Operating Income	-1.06B	-8.47B	-6.33B	-4.74B	-2.65B	595.90M
Net Income	-1.48B	-9.45B	-6.32B	-6.33B	1.59B	396.18M
Free Cash Flow	-4.32B	-4.78B	-2.17B	-8.19B	-1.60B	-2.76B
No. Analysts	-	-	-	-	-	10

Financial currency is JPY.

Revenue Forecast

Revenue	2026	2027	2028
High	61.7B
Avg	60.1B
Low	56.6B

Revenue Growth

Revenue Growth	2026	2027	2028
High	22.6%
Avg	19.3%
Low	12.3%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	-
Low	-

EPS Growth

EPS Growth	2027	2028
High	-
Avg	-
Low	-