Forgent Power Solutions (NYSE:FPS) Coverage Initiated by Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Forgent Power Solutions (NYSE:FPS) in a note issued to investors on Monday. The brokerage set an “outperform” rating and a $43.00 price target on the stock. Wolfe Research’s price target would indicate a potential upside of 25.99% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Forgent Power Solutions in a report on Monday. They set an “overweight” rating and a $40.00 price target for the company. KeyCorp started coverage on shares of Forgent Power Solutions in a report on Monday. They set an “overweight” rating and a $41.00 price target on the stock. Oppenheimer assumed coverage on Forgent Power Solutions in a report on Monday. They set an “outperform” rating and a $42.00 target price on the stock. Wall Street Zen upgraded Forgent Power Solutions to a “hold” rating in a research report on Monday, February 16th. Finally, The Goldman Sachs Group began coverage on Forgent Power Solutions in a report on Monday. They set a “buy” rating and a $48.00 price target on the stock. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Forgent Power Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $43.30.

Forgent Power Solutions Price Performance

Shares of FPS stock traded down $0.26 during trading hours on Monday, hitting $34.13. 231,091 shares of the company were exchanged, compared to its average volume of 3,084,000. Forgent Power Solutions has a 52 week low of $25.95 and a 52 week high of $35.80.

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.