The Goldman Sachs Group Issues Positive Forecast for Forgent Power Solutions (NYSE:FPS) Stock Price

Forgent Power Solutions (NYSE:FPS) had its target price raised by The Goldman Sachs Group from $49.00 to $60.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 29.36% from the company’s current price.

A number of other equities research analysts have also recently commented on FPS. Wall Street Zen raised Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. KeyCorp raised their price objective on Forgent Power Solutions from $41.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group began coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They issued a “buy” rating and a $44.00 price objective for the company. Weiss Ratings raised Forgent Power Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, Morgan Stanley began coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They issued an “equal weight” rating and a $38.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Forgent Power Solutions has an average rating of “Moderate Buy” and an average price target of $50.55.

Forgent Power Solutions Price Performance

NYSE FPS traded down $3.81 during trading hours on Friday, hitting $46.38. 2,483,644 shares of the company’s stock were exchanged, compared to its average volume of 4,211,032. The firm has a 50-day moving average of $34.71. Forgent Power Solutions has a 1-year low of $25.95 and a 1-year high of $51.00.

Key Forgent Power Solutions News

Here are the key news stories impacting Forgent Power Solutions this week:

• Positive Sentiment: Forgent reported fiscal third-quarter revenue of about $379 million, up 103% year over year, and said bookings and backlog remain strong, signaling continued demand for its electrical distribution equipment used in data centers and other power-intensive facilities. Article Title
• Positive Sentiment: The company raised fiscal 2026 guidance, reflecting management’s confidence that sales and margins can keep improving as demand from AI/data center customers stays elevated. Article Title
• Positive Sentiment: KeyCorp raised its price target on FPS from $41 to $60 and kept an “overweight” rating, pointing to meaningful upside versus the current share price. Article Title
• Neutral Sentiment: FPS reported quarterly earnings of $0.08 per share, below the consensus estimate of $0.17, so the stock could face some pressure from the earnings miss even though revenue was much stronger than expected. Article Title

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.