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

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $43.40.

Several research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They set a “buy” rating and a $48.00 target price on the stock. Barclays assumed coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They set an “overweight” rating and a $44.00 target price on the stock. Morgan Stanley assumed coverage on shares of 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. Zacks Research raised shares of Forgent Power Solutions to a “hold” rating in a research note on Tuesday, March 10th. Finally, Bank of America started coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They set a “buy” rating and a $48.00 target price on the stock.

Forgent Power Solutions Stock Performance

Shares of NYSE FPS opened at $34.07 on Tuesday. Forgent Power Solutions has a 12-month low of $25.95 and a 12-month high of $37.53. The business’s fifty day moving average is $32.85.

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.