Forgent Power Solutions, Inc. (NYSE:FPS) Receives $43.40 Consensus Target Price from Analysts

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Two 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 analysts that have issued ratings on the stock in the last year is $43.40.

A number of brokerages have commented on FPS. Oppenheimer boosted their target price on shares of Forgent Power Solutions from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. JPMorgan Chase & Co. initiated 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 objective for the company. Wolfe Research set a $48.00 target price on shares of Forgent Power Solutions in a research report on Monday, March 2nd. Zacks Research raised shares of Forgent Power Solutions to a “hold” rating in a report on Tuesday, March 10th. Finally, Bank of America began coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They issued a “buy” rating and a $48.00 target price for the company.

Forgent Power Solutions Price Performance

Shares of NYSE FPS opened at $28.89 on Friday. Forgent Power Solutions has a 1-year low of $25.95 and a 1-year 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.