Forgent Power Solutions (NYSE:FPS) Hits New 12-Month High – Here’s What Happened

Forgent Power Solutions, Inc. (NYSE:FPS) shares hit a new 52-week high during trading on Monday . The company traded as high as $36.68 and last traded at $35.69, with a volume of 1687475 shares. The stock had previously closed at $34.39.

Trending Headlines about Forgent Power Solutions

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

• Positive Sentiment: Bank of America initiated coverage with a “buy” rating and a $48.00 price target (about a mid-30s % upside vs. the current price), the most bullish target among the new covers.
• Positive Sentiment: Goldman Sachs initiated a Buy on FPS, highlighting the company as a preferred marginal supplier in critical power infrastructure; coverage note available via TipRanks. FPS coverage on TipRanks
• Positive Sentiment: TD Cowen started coverage with a “buy” rating and a $45.00 target (mid-to-high 20% upside).
• Positive Sentiment: Barclays initiated with an “overweight” rating and a $44.00 target (~23% upside). Article on Benzinga
• Positive Sentiment: Wolfe Research initiated coverage with an “outperform” rating and a $43.00 price target (~21% upside). Article on Benzinga
• Positive Sentiment: Oppenheimer began coverage with an “outperform” rating and a $42.00 target (nearly 18% upside). Article on Benzinga
• Positive Sentiment: JPMorgan assigned an “overweight” rating with a $40.00 price target (~12% upside). Article on Benzinga
• Neutral Sentiment: Morgan Stanley initiated coverage at “equal weight” with a $38.00 target (low double-digit to single-digit upside), a more cautious stance compared with other brokers. Article on Benzinga

Analyst Upgrades and Downgrades

Several analysts recently commented on FPS shares. The Goldman Sachs Group began coverage on Forgent Power Solutions in a research note on Monday. They issued a “buy” rating and a $48.00 price target on the stock. KeyCorp initiated coverage on shares of Forgent Power Solutions in a research report on Monday. They set an “overweight” rating and a $41.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of Forgent Power Solutions in a research note on Monday. They set an “overweight” rating and a $40.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Forgent Power Solutions in a research note on Monday. They issued a “buy” rating and a $44.00 target price for the company. Finally, Morgan Stanley started coverage on Forgent Power Solutions in a report on Monday. They set an “equal weight” rating and a $38.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Forgent Power Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $43.30.

Forgent Power Solutions Trading Up 4.2%

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.