The Goldman Sachs Group Initiates Coverage on Forgent Power Solutions (NYSE:FPS)

The Goldman Sachs Group initiated coverage on shares of Forgent Power Solutions (NYSE:FPS) in a note issued to investors on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $48.00 price target on the stock. The Goldman Sachs Group’s price target points to a potential upside of 42.81% from the stock’s current price.

Several other equities analysts have also issued reports on FPS. TD Cowen began coverage on Forgent Power Solutions in a research report on Monday. They issued a “buy” rating and a $45.00 price objective for the company. Wolfe Research set a $48.00 price target on shares of Forgent Power Solutions in a research note on Monday. Wall Street Zen raised shares of Forgent Power Solutions to a “hold” rating in a research report on Monday, February 16th. Morgan Stanley initiated coverage on shares of Forgent Power Solutions in a report on Monday. They set an “equal weight” rating and a $38.00 price objective on the stock. Finally, KeyCorp started coverage on Forgent Power Solutions in a report on Monday. They set an “overweight” rating and a $41.00 target price for the company. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.30.

Forgent Power Solutions Trading Down 6.6%

FPS stock opened at $33.61 on Monday. Forgent Power Solutions has a 1-year low of $25.95 and a 1-year high of $36.68.

More Forgent Power Solutions News

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

• Positive Sentiment: Wall Street started broad coverage of FPS with mostly bullish ratings and higher targets, highlighting interest in the company’s exposure to data-center and power-infrastructure demand. Wall Street starts coverage
• Positive Sentiment: Goldman Sachs initiated coverage with a Buy and $48 price target (≈43% upside vs. current levels), calling FPS a preferred marginal supplier in critical power infrastructure driven by data-center demand. Goldman Sachs coverage
• Positive Sentiment: Other notable initiations/targets: Bank of America also set a $48 PT (Buy); TD Cowen $45 (Buy); Jefferies $44 (Buy); Wolfe Research $43 (Outperform); Barclays $44 (Overweight); Oppenheimer $42 (Outperform); JPMorgan $40 (Overweight). These firms point to secular tailwinds from data-center buildouts and FPS’s positioning in critical power. (See CNBC coverage on demand drivers.) CNBC data-center story
• Neutral Sentiment: Morgan Stanley initiated at Equal Weight with a $38 target (more conservative upside). This is less bullish than many peers and could cap near-term momentum for shares. Morgan Stanley note
• Negative Sentiment: Despite the bullish analyst flow, shares have moved lower intraday with volume below recent averages — a sign of profit-taking or rotation into other names while investors digest the new coverage and wait for company-level catalysts (earnings, backlog details, or order announcements).

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.