Jefferies Financial Group Issues Positive Forecast for Forgent Power Solutions (NYSE:FPS) Stock Price

Forgent Power Solutions (NYSE:FPS) had its target price hoisted by Jefferies Financial Group from $44.00 to $56.00 in a research note published on Friday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on FPS. Barclays upped their price target on shares of Forgent Power Solutions from $44.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Zacks Research raised shares of Forgent Power Solutions to a “hold” rating in a report on Tuesday, March 10th. Bank of America began coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They set a “buy” rating and a $48.00 price target for the company. Wolfe Research set a $48.00 price target on shares of Forgent Power Solutions in a report on Monday, March 2nd. Finally, Wall Street Zen raised shares of Forgent Power Solutions to a “hold” rating in a report on Monday, February 16th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Forgent Power Solutions currently has an average rating of “Moderate Buy” and an average target price of $52.82.

Forgent Power Solutions Stock Up 15.2%

NYSE FPS opened at $54.77 on Friday. The firm has a 50-day simple moving average of $37.64. Forgent Power Solutions has a 12-month low of $25.95 and a 12-month high of $55.19.

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.