Forgent Power Solutions, Inc. (NYSE:FPS) Receives $52.82 Consensus Target Price from Brokerages

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $52.8182.

Several analysts recently weighed in on the company. Bank of America assumed coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They set a “buy” rating and a $48.00 price objective for the company. Wolfe Research set a $48.00 target price on Forgent Power Solutions in a research report on Monday, March 2nd. TD Securities reissued a “buy” rating and set a $63.00 target price on shares of Forgent Power Solutions in a research note on Friday, May 15th. TD Cowen began coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued a “buy” rating and a $45.00 price target on the stock. Finally, KeyCorp lifted their price target on shares of Forgent Power Solutions from $41.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 15th.

Forgent Power Solutions Stock Performance

Shares of FPS stock opened at $59.09 on Wednesday. Forgent Power Solutions has a fifty-two week low of $25.95 and a fifty-two week high of $65.56. The firm has a fifty day simple moving average of $42.90.

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.