Forgent Power Solutions, Inc. (NYSE:FPS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $43.40.

Several equities research analysts have recently weighed in on FPS shares. Bank of America assumed coverage on Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $48.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $48.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “overweight” rating and a $40.00 price target for the company. Barclays began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set an “overweight” rating and a $44.00 price objective on the stock. Finally, Oppenheimer lifted their price objective on shares of Forgent Power Solutions from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th.

Forgent Power Solutions Price Performance

Shares of NYSE FPS opened at $29.32 on Friday. 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.