Forgent Power Solutions, Inc. (NYSE:FPS) Receives $43.13 Consensus Target Price from Brokerages

Forgent Power Solutions, Inc. (NYSE:FPS) has received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $43.30.

Several research analysts have issued reports on the stock. TD Cowen began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued a “buy” rating and a $45.00 price target on the stock. Barclays began coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They set an “overweight” rating and a $44.00 price objective for the company. JPMorgan Chase & Co. started coverage on Forgent Power Solutions in a report on Monday, March 2nd. They issued an “overweight” rating and a $40.00 target price on the stock. The Goldman Sachs Group started coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They set a “buy” rating and a $48.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They issued a “buy” rating and a $44.00 price target for the company.

Forgent Power Solutions Price Performance

NYSE FPS opened at $31.63 on Monday. Forgent Power Solutions has a 12 month low of $25.95 and a 12 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.