Forgent Power Solutions (NYSE:FPS) Price Target Raised to $43.00

Forgent Power Solutions (NYSE:FPS) had its price objective lifted by Oppenheimer from $42.00 to $43.00 in a report published on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on FPS. Wall Street Zen raised Forgent Power Solutions to a “hold” rating in a research report on Monday, February 16th. Barclays started coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “overweight” rating and a $44.00 price target for the company. Wolfe Research set a $48.00 price objective on shares of Forgent Power Solutions in a report on Monday, March 2nd. KeyCorp began coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They issued an “overweight” rating and a $41.00 target price for the company. Finally, TD Cowen started coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set a “buy” rating and a $45.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.40.

Forgent Power Solutions Price Performance

Shares of FPS opened at $35.87 on Tuesday. Forgent Power Solutions has a 52 week low of $25.95 and a 52 week 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.