Analysts Set Forgent Power Solutions, Inc. (NYSE:FPS) Target Price at $43.40

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $43.40.

Several brokerages recently weighed in on FPS. Wolfe Research set a $48.00 price target on shares of Forgent Power Solutions in a research report on Monday, March 2nd. Bank of America began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued a “buy” rating and a $48.00 price target on the stock. KeyCorp began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “overweight” rating and a $41.00 price target on the stock. Oppenheimer boosted their price target on shares of 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, Morgan Stanley began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “equal weight” rating and a $38.00 price target on the stock.

Forgent Power Solutions Trading Down 0.4%

Shares of FPS opened at $34.53 on Tuesday. The stock has a fifty day simple moving average of $32.95. Forgent Power Solutions has a fifty-two week low of $25.95 and a fifty-two week high of $37.53.

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.