Forgent Power Solutions, Inc. (NYSE:FPS – Get Free Report) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $51.7273.
FPS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set an “overweight” rating and a $40.00 target price for the company. Weiss Ratings upgraded shares of Forgent Power Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. TD Cowen initiated coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set a “buy” rating and a $45.00 target price for the company. KeyCorp increased their target price on shares of Forgent Power Solutions from $41.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Forgent Power Solutions from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, May 15th.
View Our Latest Research Report on Forgent Power Solutions
Forgent Power Solutions Stock Down 1.5%
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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