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

Wolfe Research started coverage on shares of Forgent Power Solutions (NYSE:FPS) in a report released on Monday. The firm set an “outperform” rating and a $43.00 price target on the stock. Wolfe Research’s target price would suggest a potential upside of 25.99% from the company’s previous close.

FPS has been the topic of several other research reports. Jefferies Financial Group initiated coverage on shares of Forgent Power Solutions in a research report on Monday. They issued a “buy” rating and a $44.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Forgent Power Solutions in a research report on Monday. They issued an “overweight” rating and a $40.00 target price for the company. Oppenheimer assumed coverage on Forgent Power Solutions in a report on Monday. They set an “outperform” rating and a $42.00 target price on the stock. KeyCorp initiated coverage on Forgent Power Solutions in a report on Monday. They issued an “overweight” rating and a $41.00 target price for the company. Finally, Morgan Stanley assumed coverage on Forgent Power Solutions in a research note on Monday. They set an “equal weight” rating and a $38.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.30.

Forgent Power Solutions Trading Down 0.8%

Forgent Power Solutions stock traded down $0.26 during mid-day trading on Monday, reaching $34.13. 231,091 shares of the company’s stock were exchanged, compared to its average volume of 3,084,000. Forgent Power Solutions has a one year low of $25.95 and a one year high of $35.80.

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.