Forgent Power Solutions (NYSE:FPS) Research Coverage Started at Oppenheimer

Oppenheimer started coverage on shares of Forgent Power Solutions (NYSE:FPS) in a report published on Monday, MarketBeat.com reports. The firm issued an outperform rating and a $42.00 price target on the stock.

A number of other equities analysts also recently commented on FPS. Wolfe Research set a $48.00 target price on Forgent Power Solutions in a report on Monday. KeyCorp began coverage on shares of Forgent Power Solutions in a report on Monday. They issued an “overweight” rating and a $41.00 price objective for the company. Wall Street Zen raised shares of Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. Jefferies Financial Group started coverage on shares of Forgent Power Solutions in a research note on Monday. They issued a “buy” rating and a $44.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Forgent Power Solutions in a report on Monday. They issued an “overweight” rating and a $40.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.30.

Forgent Power Solutions Price Performance

Shares of NYSE:FPS 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.