TD Cowen Reiterates Buy Rating on Forgent Power Solutions
TD Cowen maintains a buy rating for Forgent Power Solutions, Inc. with a $73 price target, a 21.42% upside from the current price.
Key Points
- TD Cowen reiterated its buy rating for Forgent Power Solutions, Inc. (NYSE:FPS) with a price target of $73.
- TD Cowen's $73 price target implies 21.42% upside from Forgent Power Solutions, Inc.'s ($FPS) current $60.12 share price.
- Shares of FPS traded at $63.41 on Monday, with a market cap of approximately $16.48 billion and a forward P/E of 52.26.
- Major funds like FMR LLC and Janus Henderson Group have recently opened new positions in Forgent Power Solutions.
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TD Cowen has reiterated its buy rating on Forgent Power Solutions, Inc. (NYSE:FPS), maintaining a price target of $73. The announcement came on June 22, 2026, with shares trading at $63.41 on Monday.
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Forgent Power Solutions, Inc. Stock Up 97.8%
Shares of NYSE:FPS traded near $63.41 on Monday. Forgent Power Solutions, Inc. has a market cap of approximately $16.48 billion and boasts a forward P/E ratio of 52.26. The stock's 52-week range has seen a low of $25.95 and a high of $65.56. It also has a 50-day moving average of $45.49 and a 200-day moving average of $39.66. The company's current ratio stands at 1.64, with a quick ratio of 0.995 and a debt-to-equity ratio of 121.45.
$FPS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Forgent Power Solutions reported revenue of $1.20 billion, showing a growth rate of 1.034. The company's earnings per share (EPS) is $0.02, with a net margin of 2.173%. The next earnings report is expected on September 2, 2026.
Insider Buying and Selling at Forgent Power Solutions, Inc.
NEOS Partners, LP has been active in trading shares of Forgent Power Solutions. On June 1, 2026, they sold 47,556,957 shares and bought the same amount on the same day. Earlier, on February 9, 2026, they sold 8,400,000 shares at an average price of $25.79.
Analysts Set New Price Targets
On June 22, 2026, TD Cowen maintained its buy rating on Forgent Power Solutions with a $73 price target. Other firms like Morgan Stanley have maintained a hold rating with a $51 target, while Goldman Sachs and Barclays both kept their buy ratings with targets of $60 and $55, respectively.
About Forgent Power Solutions
Forgent Power Solutions, Inc., headquartered in Dayton, Minnesota, designs and manufactures electrical distribution equipment for data centers, power grids, and energy-intensive industries. The company offers a wide range of products, including automatic transfer switches, switchgear, transformers, and power distribution units. With approximately 2,000 employees, Forgent serves sectors such as technology, power, utility, and industrial markets. The company was founded in 2023 and is led by CEO Gary John Niederpruem.
Bottom Line
TD Cowen's reiteration of a buy rating for Forgent Power Solutions, Inc. reflects continued confidence in the company's growth potential. Investors track such analyst ratings as they provide insights into a company's potential performance. It's important to note that these ratings are based on past data and may not represent current market conditions.
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