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

Forgent Power Solutions, Inc. (NYSE:FPS) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $43.40.

FPS has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set a “buy” rating and a $44.00 price objective on the stock. KeyCorp initiated coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued an “overweight” rating and a $41.00 target price on the stock. Zacks Research raised shares of Forgent Power Solutions to a “hold” rating in a research report on Tuesday, March 10th. Wolfe Research set a $48.00 price objective on shares of Forgent Power Solutions in a report on Monday, March 2nd. Finally, Morgan Stanley began coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They set an “equal weight” rating and a $38.00 target price on the stock.

Forgent Power Solutions Stock Performance

Shares of NYSE:FPS opened at $30.06 on Friday. Forgent Power Solutions has a 1-year low of $25.95 and a 1-year high of $37.53.

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.