Forgent Power Solutions (NYSE:FPS) Given New $43.00 Price Target at Oppenheimer

Forgent Power Solutions (NYSE:FPS) had its target price lifted by Oppenheimer from $42.00 to $43.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

FPS has been the topic of a number of other research reports. JPMorgan Chase & Co. initiated coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set an “overweight” rating and a $40.00 target price on the stock. Zacks Research raised Forgent Power Solutions to a “hold” rating in a research note on Tuesday, March 10th. Morgan Stanley initiated coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They issued an “equal weight” rating and a $38.00 price target for the company. Wall Street Zen upgraded shares of Forgent Power Solutions to a “hold” rating in a research report on Monday, February 16th. Finally, Jefferies Financial Group began coverage on Forgent Power Solutions in a report on Monday, March 2nd. They set a “buy” rating and a $44.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.40.

Forgent Power Solutions Trading Up 3.4%

Shares of NYSE FPS opened at $35.72 on Tuesday. Forgent Power Solutions has a 12 month low of $25.95 and a 12 month high of $37.53.

Forgent Power Solutions News Roundup

Here are the key news stories impacting Forgent Power Solutions this week:

• Positive Sentiment: Q2 results: Revenues of $296M (+69% year‑over‑year), management reported accelerating order growth and a backlog surge and issued fiscal 2026 guidance — the beat and order momentum are the primary fundamental drivers behind the rally. Forgent Reports Second Quarter 2026 Results
• Positive Sentiment: Analyst bullishness: Goldman Sachs reiterated a Buy and raised its price target to $49, citing robust backlog and margin upside — this large PT lift signals upside for investors and supports the stock move. Forgent Power Solutions: Robust Backlog, Margin Upside
• Positive Sentiment: Additional analyst support: TD Cowen maintained a Buy (PT $45) highlighting capacity expansion and strong data‑center demand that underpins multi‑quarter growth. Forgent Power Solutions: Capacity Expansion, Data Center Demand
• Positive Sentiment: Oppenheimer raised its price target to $43 and kept an Outperform rating, adding another reputable shop backing upside (~20% from recent levels). Benzinga: Price Target Raise
• Neutral Sentiment: Earnings call transcript is available for investors seeking management commentary on margins, supply chain, backlog conversion and guidance assumptions — useful for assessing sustainability of the beat. FPS Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Market coverage/video pieces are amplifying the move (coverage noted the stock jump after the first post‑IPO earnings), which can boost short‑term volume and volatility but doesn’t change fundamentals. Yahoo Finance: Forgent Power stock soars on first earnings

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.