Forgent Power Solutions (NYSE:FPS) Stock Rating Upgraded by Robert W. Baird

Forgent Power Solutions (NYSE:FPS) was upgraded by equities research analysts at Robert W. Baird to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. Oppenheimer boosted their target price on shares of Forgent Power Solutions from $43.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Barclays lifted their price target on Forgent Power Solutions from $44.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, May 15th. TD Securities reiterated a “buy” rating and set a $63.00 price objective on shares of Forgent Power Solutions in a research report on Friday, May 15th. Weiss Ratings raised Forgent Power Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group raised their target price on Forgent Power Solutions from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Forgent Power Solutions presently has a consensus rating of “Buy” and an average target price of $56.75.

Forgent Power Solutions Stock Down 7.0%

Forgent Power Solutions stock opened at $39.65 on Wednesday. Forgent Power Solutions has a one year low of $25.95 and a one year high of $66.00. The business’s 50-day moving average price is $51.54. The company has a market capitalization of $12.07 billion and a price-to-earnings ratio of 264.36.

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.