Forgent Power Solutions (NYSE:FPS) Stock Price Expected to Rise, Oppenheimer Analyst Says

Forgent Power Solutions (NYSE:FPS) had its price objective upped by equities researchers at Oppenheimer from $42.00 to $43.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 25.47% from the company’s previous close.

FPS has been the topic of a number of other research reports. Wall Street Zen raised Forgent Power Solutions to a “hold” rating in a research report on Monday, February 16th. KeyCorp assumed coverage on Forgent Power Solutions in a report on Monday, March 2nd. They issued an “overweight” rating and a $41.00 price objective for the company. Barclays began coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They set an “overweight” rating and a $44.00 target price on the stock. Morgan Stanley began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set an “equal weight” rating and a $38.00 target price on the stock. Finally, TD Cowen started coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $45.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.40.

Forgent Power Solutions Stock Performance

FPS opened at $34.27 on Tuesday. Forgent Power Solutions has a 52 week low of $25.95 and a 52 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.