Forgent Power Solutions, Inc. (NYSE:FPS – Get Free Report) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $50.5455.
FPS has been the subject of several recent research reports. Wall Street Zen upgraded shares of Forgent Power Solutions to a “hold” rating in a report on Monday, February 16th. TD Securities restated a “buy” rating and set a $63.00 target price on shares of Forgent Power Solutions in a report on Friday. The Goldman Sachs Group increased their price target on shares of Forgent Power Solutions from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Friday. Barclays increased their price target on shares of Forgent Power Solutions from $44.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Weiss Ratings upgraded shares of Forgent Power Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday.
Read Our Latest Analysis on Forgent Power Solutions
Forgent Power Solutions Stock Down 10.5%
Key Forgent Power Solutions News
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.
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