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

Forgent Power Solutions (NYSE:FPS) had its price objective boosted by investment analysts at The Goldman Sachs Group from $49.00 to $60.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 29.36% from the stock’s current price.

Several other brokerages have also recently issued reports on FPS. TD Securities reaffirmed a “buy” rating and set a $63.00 target price on shares of Forgent Power Solutions in a research report on Friday. Morgan Stanley started coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They set an “equal weight” rating and a $38.00 target price on the stock. KeyCorp lifted their price target on Forgent Power Solutions from $41.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday. Wall Street Zen upgraded Forgent Power Solutions to a “hold” rating in a report on Monday, February 16th. Finally, TD Cowen started coverage on Forgent Power Solutions in a report on Monday, March 2nd. They set a “buy” rating and a $45.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Forgent Power Solutions has an average rating of “Moderate Buy” and an average price target of $50.55.

Forgent Power Solutions Stock Down 7.6%

Shares of NYSE:FPS traded down $3.81 during mid-day trading on Friday, hitting $46.38. 2,483,644 shares of the company traded hands, compared to its average volume of 4,211,032. Forgent Power Solutions has a 12-month low of $25.95 and a 12-month high of $51.00. The firm’s 50-day moving average price is $34.71.

Key Headlines Impacting Forgent Power Solutions

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

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.