Forgent Power Solutions (NYSE:FPS) Sets New 52-Week High – What’s Next?

Forgent Power Solutions, Inc. (NYSE:FPS)’s share price hit a new 52-week high on Monday . The stock traded as high as $40.67 and last traded at $39.8580, with a volume of 794883 shares. The stock had previously closed at $39.22.

Analyst Ratings Changes

Several brokerages have weighed in on FPS. Wall Street Zen upgraded shares of Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. Morgan Stanley assumed coverage on Forgent Power Solutions in a report on Monday, March 2nd. They issued an “equal weight” rating and a $38.00 price objective for the company. TD Cowen assumed coverage on Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $45.00 price objective for the company. Bank of America assumed coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued a “buy” rating and a $48.00 target price for the company. Finally, Barclays assumed coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “overweight” rating and a $44.00 target price for the company. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.40.

Forgent Power Solutions Stock Up 1.2%

The firm has a fifty day simple moving average of $33.61.

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.