Forgent Power Solutions (NYSE:FPS) Research Coverage Started at Wolfe Research

Wolfe Research initiated coverage on shares of Forgent Power Solutions (NYSE:FPS) in a research note released on Monday morning, Marketbeat reports. The firm issued an outperform rating and a $43.00 price target on the stock.

FPS has been the subject of several other research reports. 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 for the company. Wall Street Zen raised Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. KeyCorp assumed coverage on Forgent Power Solutions in a research report on Monday. They issued an “overweight” rating and a $41.00 price target on the stock. JPMorgan Chase & Co. started coverage on Forgent Power Solutions in a research report on Monday. They set an “overweight” rating and a $40.00 price objective for the company. Finally, Jefferies Financial Group started coverage on shares of Forgent Power Solutions in a research note on Monday. They set a “buy” rating and a $44.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Forgent Power Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $43.30.

Forgent Power Solutions Price Performance

Shares of FPS stock opened at $34.38 on Monday. Forgent Power Solutions has a fifty-two week low of $25.95 and a fifty-two week high of $36.68.

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.