Analysts Set Forgent Power Solutions, Inc. (NYSE:FPS) Target Price at $56.75

Forgent Power Solutions, Inc. (NYSE:FPS) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, ten have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $56.75.

A number of equities analysts have recently weighed in on FPS shares. Morgan Stanley boosted their target price on Forgent Power Solutions from $38.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Sunday, May 17th. Jefferies Financial Group increased their price target on Forgent Power Solutions from $44.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Wolfe Research reissued an “outperform” rating and issued a $60.00 price objective on shares of Forgent Power Solutions in a research report on Thursday, July 9th. Robert W. Baird began coverage on Forgent Power Solutions in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $55.00 price objective for the company. Finally, TD Cowen lifted their target price on Forgent Power Solutions from $63.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd.

Forgent Power Solutions Stock Down 2.0%

Shares of FPS stock opened at $38.60 on Thursday. The company has a market cap of $11.75 billion and a P/E ratio of 257.34. Forgent Power Solutions has a 52-week low of $25.95 and a 52-week high of $66.00. The stock has a 50-day moving average price of $48.96.

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.