Oppenheimer Issues Positive Forecast for Forgent Power Solutions (NYSE:FPS) Stock Price

Forgent Power Solutions (NYSE:FPS) had its target price raised by analysts at Oppenheimer from $42.00 to $43.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 17.33% from the company’s current price.

A number of other brokerages also recently issued reports on FPS. Wolfe Research set a $48.00 price target on shares of Forgent Power Solutions in a report on Monday, March 2nd. Zacks Research raised shares of Forgent Power Solutions to a “hold” rating in a report on Tuesday, March 10th. Barclays assumed 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. The Goldman Sachs Group initiated coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They issued a “buy” rating and a $48.00 target price on the stock. Finally, JPMorgan Chase & Co. started coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They set an “overweight” rating and a $40.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.40.

Forgent Power Solutions Price Performance

Shares of FPS stock traded up $2.09 during mid-day trading on Tuesday, hitting $36.65. The company had a trading volume of 1,260,571 shares, compared to its average volume of 3,032,446. Forgent Power Solutions has a 52-week low of $25.95 and a 52-week high of $37.53.

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.