The Goldman Sachs Group Issues Positive Forecast for Forgent Power Solutions (NYSE:FPS) Stock Price

Posted by Brian Himes on May 16th, 2026

Forgent Power Solutions (NYSE:FPS – Free Report) had its price target hoisted by The Goldman Sachs Group from $49.00 to $60.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently commented on FPS. Jefferies Financial Group initiated coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They issued a “buy” rating and a $44.00 target price on the stock. Oppenheimer increased their target price on Forgent Power Solutions from $43.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday. Bank of America initiated coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They issued a “buy” rating and a $48.00 target price on the stock. Wall Street Zen raised Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. Finally, Morgan Stanley initiated coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They issued an “equal weight” rating and a $38.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.55.

Read Our Latest Stock Report on Forgent Power Solutions

Forgent Power Solutions Trading Down 10.5%

FPS opened at $44.90 on Friday. Forgent Power Solutions has a 52 week low of $25.95 and a 52 week high of $51.00. The company has a fifty day moving average price of $34.92.

Key Headlines Impacting Forgent Power Solutions

Here are the key news stories impacting Forgent Power Solutions this week:

Positive Sentiment: Goldman Sachs raised its price target on Forgent Power Solutions (FPS) to $60 from $49 and reiterated a buy rating, signaling expectations for more upside. Benzinga
Positive Sentiment: KeyCorp also boosted its price target to $60 from $41 and kept an overweight rating, adding to the bullish analyst momentum. Benzinga
Positive Sentiment: The company reported fiscal Q3 revenue of $378.7 million, up 103% year over year, and said bookings and backlog remained strong, supporting the growth narrative. Business Wire
Positive Sentiment: Management raised fiscal 2026 guidance, with revenue outlook of $392 million to $432 million, which reinforced optimism about continued demand. Business Wire
Neutral Sentiment: Forgent’s Q3 earnings call transcript and related media coverage focused attention on the stock, but do not add new operating details beyond the results and outlook. Seeking Alpha
Neutral Sentiment: Unusual call-option buying showed increased speculative interest in FPS, which may be amplifying trading volume and volatility. Benzinga
Negative Sentiment: Despite strong revenue growth, the company missed earnings expectations with EPS of $0.08 versus the $0.17 estimate, which could temper some enthusiasm. MarketBeat

Forgent Power Solutions Company Profile

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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.