Forgent Power Solutions, Inc. (NYSE:FPS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $43.30.

A number of equities analysts have commented on the stock. Bank of America assumed coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued a “buy” rating and a $48.00 price target for the company. JPMorgan Chase & Co. started coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “overweight” rating and a $40.00 price objective for the company. Wolfe Research set a $48.00 target price on shares of Forgent Power Solutions in a report on Monday. Wall Street Zen raised Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. Finally, Oppenheimer began coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set an “outperform” rating and a $42.00 price target on the stock.

Forgent Power Solutions Trading Down 6.8%

NYSE:FPS opened at $31.63 on Monday. Forgent Power Solutions has a 52-week low of $25.95 and a 52-week high of $36.68.

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.