diff --git a/lib/util/Components.js b/lib/util/Components.js
index 6d0b72dfba..c0a9e4247a 100644
--- a/lib/util/Components.js
+++ b/lib/util/Components.js
@@ -6,6 +6,8 @@
 
 const util = require('util');
 const doctrine = require('doctrine');
+const arrayIncludes = require('array-includes');
+
 const variableUtil = require('./variable');
 const pragmaUtil = require('./pragma');
 const astUtil = require('./ast');
@@ -253,18 +255,16 @@ function componentRule(rule, context) {
     },
 
     /**
-     * Check if createElement is destructured from React import
+     * Check if variable is destructured from React import
      *
      * @returns {Boolean} True if createElement is destructured from React
      */
-    hasDestructuredReactCreateElement: function() {
+    isDestructuredFromReactImport: function(variable) {
       const variables = variableUtil.variablesInScope(context);
-      const variable = variableUtil.getVariable(variables, 'createElement');
-      if (variable) {
-        const map = variable.scope.set;
-        if (map.has('React')) {
-          return true;
-        }
+      const variableInScope = variableUtil.getVariable(variables, variable);
+      if (variableInScope) {
+        const map = variableInScope.scope.set;
+        return map.has('React');
       }
       return false;
     },
@@ -291,7 +291,7 @@ function componentRule(rule, context) {
         node.callee.name === 'createElement'
       );
 
-      if (this.hasDestructuredReactCreateElement()) {
+      if (this.isDestructuredFromReactImport('createElement')) {
         return calledDirectly || calledOnReact;
       }
       return calledOnReact;
@@ -394,6 +394,18 @@ function componentRule(rule, context) {
       return utils.isReturningJSX(ASTNode, strict) || utils.isReturningNull(ASTNode);
     },
 
+    isReactComponentWrapper(node) {
+      if (node.type !== 'CallExpression') {
+        return false;
+      }
+      const propertyNames = ['forwardRef', 'memo'];
+      const calleeObject = node.callee.object;
+      if (calleeObject) {
+        return arrayIncludes(propertyNames, node.callee.property.name) && node.callee.object.name === 'React';
+      }
+      return arrayIncludes(propertyNames, node.callee.name) && this.isDestructuredFromReactImport(node.callee.name);
+    },
+
     /**
      * Find a return statment in the current node
      *
@@ -463,7 +475,7 @@ function componentRule(rule, context) {
         const enclosingScopeParent = enclosingScope && enclosingScope.block.parent;
         const isClass = enclosingScope && astUtil.isClass(enclosingScope.block);
         const isMethod = enclosingScopeParent && enclosingScopeParent.type === 'MethodDefinition'; // Classes methods
-        const isArgument = node.parent && node.parent.type === 'CallExpression'; // Arguments (callback, etc.)
+        const isArgument = node.parent && node.parent.type === 'CallExpression' && !this.isReactComponentWrapper(node.parent); // Arguments (callback, etc.)
         // Attribute Expressions inside JSX Elements (<button onClick={() => props.handleClick()}></button>)
         const isJSXExpressionContainer = node.parent && node.parent.type === 'JSXExpressionContainer';
         // Stop moving up if we reach a class or an argument (like a callback)
diff --git a/tests/lib/rules/prop-types.js b/tests/lib/rules/prop-types.js
index dfeb0c5cd3..d441dd3c0c 100644
--- a/tests/lib/rules/prop-types.js
+++ b/tests/lib/rules/prop-types.js
@@ -3947,6 +3947,58 @@ ruleTester.run('prop-types', rule, {
       errors: [{
         message: '\'page\' is missing in props validation'
       }]
+    },
+    {
+      code: `
+        const HeaderBalance = React.memo(({ cryptoCurrency }) => (
+          <div className="header-balance">
+            <div className="header-balance__balance">
+              BTC
+              {cryptoCurrency}
+            </div>
+          </div>
+        ));
+      `,
+      errors: [{
+        message: '\'cryptoCurrency\' is missing in props validation'
+      }]
+    },
+    {
+      code: `
+        import React, { memo } from 'React';
+        const HeaderBalance = memo(({ cryptoCurrency }) => (
+          <div className="header-balance">
+            <div className="header-balance__balance">
+              BTC
+              {cryptoCurrency}
+            </div>
+          </div>
+        ));
+      `,
+      errors: [{
+        message: '\'cryptoCurrency\' is missing in props validation'
+      }]
+    },
+    {
+      code: `
+        const Label = React.forwardRef(({ text }, ref) => {
+          return <div ref={ref}>{text}</div>;
+        });
+      `,
+      errors: [{
+        message: '\'text\' is missing in props validation'
+      }]
+    },
+    {
+      code: `
+        import React, { forwardRef } from 'React';
+        const Label = forwardRef(({ text }, ref) => {
+          return <div ref={ref}>{text}</div>;
+        });
+      `,
+      errors: [{
+        message: '\'text\' is missing in props validation'
+      }]
     }
   ]
 });