Forgent Power Solutions, Inc. (NYSE:FPS) Receives $43.40 Average Price Target from Analysts

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $43.40.

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They set an “overweight” rating and a $40.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued a “buy” rating and a $48.00 target price for the company. Zacks Research raised shares of Forgent Power Solutions to a “hold” rating in a report on Tuesday, March 10th. Oppenheimer upped their price target on Forgent Power Solutions from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Finally, KeyCorp began coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “overweight” rating and a $41.00 price objective for the company.

Forgent Power Solutions Stock Down 0.3%

Shares of Forgent Power Solutions stock opened at $30.55 on Friday. Forgent Power Solutions has a one year low of $25.95 and a one year high of $37.53.

Forgent Power Solutions Company Profile

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.