Forgent Power Solutions, Inc. (NYSE:FPS – Get Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $45.52, but opened at $50.01. Forgent Power Solutions shares last traded at $47.8710, with a volume of 2,288,926 shares trading hands.
Wall Street Analyst Weigh In
FPS has been the subject of several research reports. Bank of America assumed coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They set a “buy” rating and a $48.00 price objective for the company. Wall Street Zen upgraded Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. Morgan Stanley assumed coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They set an “equal weight” rating and a $38.00 price target for the company. Jefferies Financial Group started coverage on Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $44.00 price objective on the stock. Finally, Oppenheimer raised their price objective on Forgent Power Solutions from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.40.
View Our Latest Analysis on FPS
Forgent Power Solutions Trading Up 9.6%
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.
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