Forum Energy Technologies (FET) Stock: Buy, Sell, or Hold?
FET - Forum Energy Technologies, Inc.
$81.56
-5.17 (-5.96%)
âŧ
5d:
+5.77%
30d:
-1.35%
90d:
+40.96%
WAIT
LOW Confidence
Analysis Updated: Oct 22, 2026 12:00 AM ET
Earnings: Oct 29, 2026
5d
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Interactive Price Chart (1 Month)
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Bottom Line:
âšī¸ NEUTRAL: FET is fairly priced but lacks strong directional signals. At -7.1% expected growth, valuation appears cheap. Wait for clearer setup or better entry on dips.
âšī¸ NEUTRAL: FET is fairly priced but lacks strong directional signals. At -7.1% expected growth, valuation appears cheap. Wait for clearer setup or better entry on dips.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$192.67
Based on 13.9% avg growth
INTRINSIC VALUE TODAY
$119.64
31.8% Margin of Safety
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 20.5x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: FET is currently trading at $81.56, which is considered slightly low relative to its 30-day fair value range of $80.51 to $84.92. From a valuation perspective, the stock is trading at a discount (Forward PE: 16.4) compared to its historical average (20.5). Remarkably, the market is currently pricing in an annual earnings decline of 7.1% over the next few years. This pessimistic expectation contrasts with the company's recent 72.1% earnings growth, suggesting potential undervaluation if the company simply maintains stability.
Technical Outlook: Technically, FET is in a strong uptrend. Immediate support is located at $76.50, while resistance sits at $88.64. Short-term momentum is weak, with the stock down 6.0% recently.
Market Sentiment: FET scores 22/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. Wall Street analysts see significant upside, with an average price target of $91.00 (+11.6%). Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, FET is in a strong uptrend. Immediate support is located at $76.50, while resistance sits at $88.64. Short-term momentum is weak, with the stock down 6.0% recently.
Market Sentiment: FET scores 22/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. Wall Street analysts see significant upside, with an average price target of $91.00 (+11.6%). Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
SLIGHTLY LOW
Historical Trading Range
$80.51 -
$84.92
Company Quality Score
41/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
50.0%
All Signals
- BULLISH: Price oversold vs 30-day range
- BEARISH: Weak technical setup (22/100)
- BULLISH: High volume confirmation
- BEARISH: Downward momentum (-6.0%)
- BULLISH: Trading below Wall St target ($91.00)
- WARNING: Composite score 41/100 in the bottom quintile â this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$80.51 -
$84.92
Current vs Trading Range
SLIGHTLY LOW
Support & Resistance Levels
Support Level
$76.51
Resistance Level
$88.64
Current Trend
Strong Uptrend
Technical data as of
Oct 22, 2026
Fundamental Context
Forward P/E (Next Year Est.)
16.44
Wall Street Target
$91.00
(+11.6%)
Revenue Growth (YoY)
13.2%
Earnings Growth (YoY)
72.1%
Profit Margin
-0.2%
Valuation Discount vs History
-7.1% cheaper
PE vs Historical
16.4 vs 20.5
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-7.1%
(market-implied from PE analysis)
1-Year Target
$75.77
(-7%)
2-Year Target
$70.39
(-14%)
3-Year Target
$65.39
(-20%)
3-Yr Target (if PE normalizes)
(PE: 16â21)
$81.52
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 19.9, Growth: 23.7%)
$186.41
(+129%)
Base:
(SPY PE: 16.4, Growth: 23.7%)
$154.34
(+89%)
Bear:
(PE: 14.0, Growth: 23.7%)
$131.19
(+61%)
đĄ
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 16.4 to 20.5
Stabilization Target:
$101.68
(+24.7%)
PE Expansion Potential:
+24.7%
Share & Embed Analysis
Last updated: October 23, 2026 6:49 AM ET
Data refreshes hourly during market hours. Next update: 7:49 AM
Data refreshes hourly during market hours. Next update: 7:49 AM
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Technical Signals Check
Is FET showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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