Forgent Power Solutions, Inc. (NYSE:FPS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $52.8182.

FPS has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on Forgent Power Solutions from $38.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Sunday, May 17th. Zacks Research raised Forgent Power Solutions to a “hold” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group lifted their price target on Forgent Power Solutions from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Jefferies Financial Group lifted their price target on Forgent Power Solutions from $44.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Wolfe Research set a $48.00 price target on Forgent Power Solutions in a research report on Monday, March 2nd.

Forgent Power Solutions Stock Performance

NYSE:FPS opened at $57.09 on Wednesday. Forgent Power Solutions has a one year low of $25.95 and a one year high of $65.56. The business’s 50-day simple moving average is $41.23.

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.