Forgent Power Solutions (NYSE:FPS) Coverage Initiated at Barclays

Equities researchers at Barclays assumed coverage on shares of Forgent Power Solutions (NYSE:FPS) in a research note issued on Monday,Benzinga reports. The brokerage set an “overweight” rating and a $44.00 price target on the stock. Barclays‘s target price would indicate a potential upside of 28.24% from the stock’s current price.

A number of other analysts have also recently issued reports on FPS. Morgan Stanley started coverage on Forgent Power Solutions in a research report on Monday. They issued an “equal weight” rating and a $38.00 price objective for the company. Wall Street Zen upgraded Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. Oppenheimer began coverage on shares of Forgent Power Solutions in a research report on Monday. They set an “outperform” rating and a $42.00 price objective for the company. Wolfe Research set a $48.00 price objective on shares of Forgent Power Solutions in a report on Monday. Finally, The Goldman Sachs Group assumed coverage on shares of Forgent Power Solutions in a research note on Monday. They set a “buy” rating and a $48.00 target price for the company. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Forgent Power Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $43.13.

Forgent Power Solutions Stock Down 0.5%

Shares of FPS stock opened at $34.31 on Monday. Forgent Power Solutions has a 52-week low of $25.95 and a 52-week high of $35.80.

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.