Forgent Power Solutions (NYSE:FPS) Reaches New 52-Week High Following Analyst Upgrade

Forgent Power Solutions, Inc. (NYSE:FPS)’s stock price reached a new 52-week high on Tuesday after Zacks Research upgraded the stock to a hold rating. The company traded as high as $37.14 and last traded at $36.7580, with a volume of 1264256 shares. The stock had previously closed at $34.48.

Several other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued a “buy” rating and a $48.00 price target for the company. TD Cowen initiated coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They set a “buy” rating and a $45.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued an “overweight” rating and a $40.00 price objective for the company. KeyCorp began coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They set an “overweight” rating and a $41.00 target price on the stock. Finally, Jefferies Financial Group began coverage on Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $44.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Forgent Power Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $43.30.

Forgent Power Solutions Price Performance

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.