KeyCorp Forecasts Strong Price Appreciation for Forgent Power Solutions (NYSE:FPS) Stock

Forgent Power Solutions (NYSE:FPS) had its price target upped by research analysts at KeyCorp from $41.00 to $60.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 19.05% from the company’s previous close.

Several other research analysts have also commented on FPS. TD Cowen initiated coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They set a “buy” rating and a $45.00 price objective for the company. Wall Street Zen upgraded shares of Forgent Power Solutions to a “hold” rating in a research note on Monday, February 16th. Morgan Stanley initiated 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 price objective for the company. 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 price objective for the company. Finally, Zacks Research raised Forgent Power Solutions to a “hold” rating in a research report on Tuesday, March 10th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.40.

Forgent Power Solutions Price Performance

FPS opened at $50.40 on Friday. Forgent Power Solutions has a 12 month low of $25.95 and a 12 month high of $51.00. The stock has a fifty day moving average of $34.71.

More Forgent Power Solutions News

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

• Positive Sentiment: Third-quarter revenue surged 103% year over year to about $378.7 million, showing very strong demand for Forgent’s electrical distribution equipment used in data centers, the power grid, and industrial facilities. Article: Forgent Reports Third Quarter 2026 Results, Raises Fiscal 2026 Guidance on Record Orders, Backlog and Sequential Margin Expansion
• Positive Sentiment: The company raised fiscal 2026 guidance, with fourth-quarter revenue now expected in the range of $392 million to $432 million, signaling management confidence in continued growth. Article: Forgent Reports Third Quarter 2026 Results, Raises Fiscal 2026 Guidance on Record Orders, Backlog and Sequential Margin Expansion
• Positive Sentiment: Investor interest appears to be rising, with unusual options activity showing a sharp increase in call buying, which often reflects bullish sentiment.
• Neutral Sentiment: Forgent’s Q3 earnings call transcript and related coverage likely focused on the company’s growth outlook, backlog, and margin expansion, but no additional major surprises were highlighted in the headlines provided. Article: Forgent Power Solutions, Inc. (FPS) Q3 2026 Earnings Call Transcript
• Negative Sentiment: Despite the strong revenue growth, quarterly EPS of $0.08 missed analyst estimates of $0.17, indicating profitability lagged expectations. Article: Forgent Power Solutions quarterly earnings results

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.