Forgent Power Solutions (NYSE:FPS) Now Covered by TD Cowen

Stock analysts at TD Cowen began coverage on shares of Forgent Power Solutions (NYSE:FPS) in a report issued on Monday. The firm set a “buy” rating and a $45.00 price target on the stock. TD Cowen’s target price would suggest a potential upside of 31.85% from the company’s current price.

Several other equities research analysts have also recently issued reports on FPS. Barclays assumed coverage on Forgent Power Solutions in a report on Monday. They set an “overweight” rating and a $44.00 price objective on the stock. KeyCorp initiated coverage on Forgent Power Solutions in a report on Monday. They set an “overweight” rating and a $41.00 target price for the company. Oppenheimer began coverage on shares of Forgent Power Solutions in a research note on Monday. They issued an “outperform” rating and a $42.00 price target on the stock. Jefferies Financial Group began coverage on Forgent Power Solutions in a research report on Monday. They set a “buy” rating and a $44.00 price target for the company. Finally, Morgan Stanley initiated coverage on Forgent Power Solutions in a report on Monday. They set an “equal weight” rating and a $38.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.30.

Forgent Power Solutions Stock Performance

FPS traded down $0.26 on Monday, hitting $34.13. 231,091 shares of the company were exchanged, compared to its average volume of 3,084,000. Forgent Power Solutions has a fifty-two week low of $25.95 and a fifty-two week high of $35.80.

About Forgent Power Solutions

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.