KeyCorp Issues Positive Forecast for Forgent Power Solutions (NYSE:FPS) Stock Price

Forgent Power Solutions (NYSE:FPS) had its price objective upped by KeyCorp from $41.00 to $60.00 in a research note released on Friday, MarketBeat.com reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts also recently weighed in on FPS. Weiss Ratings raised shares of Forgent Power Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. The Goldman Sachs Group initiated coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued a “buy” rating and a $48.00 price target on the stock. Bank of America initiated coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $48.00 price objective for the company. TD Cowen initiated coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Oppenheimer upped their price objective on shares of Forgent Power Solutions from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $50.55.

Forgent Power Solutions Stock Performance

NYSE FPS opened at $44.90 on Friday. Forgent Power Solutions has a 1-year low of $25.95 and a 1-year high of $51.00. The stock has a fifty day moving average of $34.92.

Forgent Power Solutions News Roundup

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

• Positive Sentiment: Goldman Sachs raised its price target on Forgent Power Solutions (FPS) to $60 from $49 and reiterated a buy rating, signaling expectations for more upside. Benzinga
• Positive Sentiment: KeyCorp also boosted its price target to $60 from $41 and kept an overweight rating, adding to the bullish analyst momentum. Benzinga
• Positive Sentiment: The company reported fiscal Q3 revenue of $378.7 million, up 103% year over year, and said bookings and backlog remained strong, supporting the growth narrative. Business Wire
• Positive Sentiment: Management raised fiscal 2026 guidance, with revenue outlook of $392 million to $432 million, which reinforced optimism about continued demand. Business Wire
• Neutral Sentiment: Forgent’s Q3 earnings call transcript and related media coverage focused attention on the stock, but do not add new operating details beyond the results and outlook. Seeking Alpha
• Neutral Sentiment: Unusual call-option buying showed increased speculative interest in FPS, which may be amplifying trading volume and volatility. Benzinga
• Negative Sentiment: Despite strong revenue growth, the company missed earnings expectations with EPS of $0.08 versus the $0.17 estimate, which could temper some enthusiasm. MarketBeat

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.