Forgent Power Solutions (NYSE:FPS) Earns Buy Rating from Analysts at TD Cowen

TD Cowen began coverage on shares of Forgent Power Solutions (NYSE:FPS) in a report released on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $45.00 price objective on the stock.

Other equities analysts have also issued reports about the company. Jefferies Financial Group started coverage on Forgent Power Solutions in a research note on Monday. They issued a “buy” rating and a $44.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Forgent Power Solutions in a report on Monday. They issued a “buy” rating and a $48.00 price target on the stock. Barclays started coverage on shares of Forgent Power Solutions in a research note on Monday. They set an “overweight” rating and a $44.00 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. Finally, Wolfe Research set a $48.00 target price on shares of Forgent Power Solutions in a report on Monday. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.30.

Forgent Power Solutions Stock Up 2.4%

Shares of Forgent Power Solutions stock opened at $34.38 on Monday. Forgent Power Solutions has a twelve month low of $25.95 and a twelve month 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.