Analysts Set Forgent Power Solutions, Inc. (NYSE:FPS) Price Target at $43.13

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $43.30.

A number of research firms have recently commented on FPS. Bank of America initiated coverage on Forgent Power Solutions in a research note on Monday. They issued a “buy” rating and a $48.00 target price for the company. Oppenheimer initiated coverage on Forgent Power Solutions in a research report on Monday. They set an “outperform” rating and a $42.00 price objective for the company. KeyCorp assumed coverage on shares of Forgent Power Solutions in a research report on Monday. They issued an “overweight” rating and a $41.00 target price on the stock. TD Cowen assumed coverage on shares of Forgent Power Solutions in a research note on Monday. They issued a “buy” rating and a $45.00 price target for the company. Finally, Morgan Stanley started coverage on shares of Forgent Power Solutions in a research note on Monday. They set an “equal weight” rating and a $38.00 price objective on the stock.

Forgent Power Solutions Stock Up 2.4%

FPS stock opened at $34.38 on Monday. Forgent Power Solutions has a 1 year low of $25.95 and a 1 year high of $36.68.

About Forgent Power Solutions

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.