Forgent Power Solutions (NYSE:FPS) Coverage Initiated by Analysts at Barclays

Stock analysts at Barclays started coverage on shares of Forgent Power Solutions (NYSE:FPS) in a research report issued on Monday,Benzinga reports. The firm set an “overweight” rating and a $44.00 price target on the stock. Barclays‘s target price would indicate a potential upside of 28.24% from the company’s previous close.

FPS has been the topic of several other reports. Wolfe Research set a $48.00 target price on shares of Forgent Power Solutions in a report on Monday. KeyCorp initiated coverage on shares of Forgent Power Solutions in a research report on Monday. They set an “overweight” rating and a $41.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Forgent Power Solutions in a report on Monday. They set a “buy” rating and a $48.00 price objective on the stock. Wall Street Zen raised shares of Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. Finally, JPMorgan Chase & Co. initiated coverage on Forgent Power Solutions in a research note on Monday. They issued an “overweight” rating and a $40.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.13.

Forgent Power Solutions Stock Down 0.5%

NYSE FPS opened at $34.31 on Monday. Forgent Power Solutions has a one year low of $25.95 and a one year high of $35.80.

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.