Forgent Power Solutions, Inc. (NYSE:FPS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Forgent Power Solutions, Inc. (NYSE:FPSGet Free Report) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $52.8182.

A number of equities analysts have weighed in on the company. Zacks Research raised Forgent Power Solutions to a “hold” rating in a research report on Tuesday, March 10th. JPMorgan Chase & Co. started coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They set an “overweight” rating and a $40.00 price target for the company. Bank of America started coverage on Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $48.00 price objective for the company. Wolfe Research set a $48.00 price objective on Forgent Power Solutions in a report on Monday, March 2nd. Finally, TD Cowen started coverage on Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $45.00 price objective for the company.

View Our Latest Analysis on FPS

Forgent Power Solutions Price Performance

NYSE:FPS opened at $59.57 on Wednesday. Forgent Power Solutions has a twelve month low of $25.95 and a twelve month high of $65.56. The business’s 50 day moving average price is $44.15.

About Forgent Power Solutions

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Forgent Power Solutions (NYSE:FPS)

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