Forgent Power Solutions (NYSE:FPS – Get Free Report) had its price target upped by equities research analysts at Jefferies Financial Group from $44.00 to $56.00 in a report released on Friday. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 6.82% from the company’s current price.
A number of other research firms have also recently issued reports on FPS. JPMorgan Chase & Co. initiated coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “overweight” rating and a $40.00 price objective for the company. Wolfe Research set a $48.00 price objective on Forgent Power Solutions in a research report on Monday, March 2nd. Morgan Stanley raised their price objective on Forgent Power Solutions from $38.00 to $51.00 and gave the company an “equal weight” rating in a research report on Sunday, May 17th. Barclays raised their price objective on Forgent Power Solutions from $44.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Finally, Oppenheimer raised their price objective on Forgent Power Solutions from $43.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.82.
Read Our Latest Stock Analysis on Forgent Power Solutions
Forgent Power Solutions Stock Up 10.2%
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.
Read More
- Five stocks we like better than Forgent Power Solutions
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
- Apple’s Agentic AI Plans Could Be Its Biggest Growth Story Yet
Receive News & Ratings for Forgent Power Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forgent Power Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
