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Oppenheimer Reiterates Outperform on Forgent Power Solutions, Maintains $60 Price Target

BenzingaBenzinga Newsdesk

Oppenheimer analyst Noah Kaye reiterates Forgent Power Solutions (NYSE:FPS) with a Outperform and maintains $60 price target.

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    Why Forgent Power Stock Keeps Going Up

    Forgent Power Solutions stock surged 11.10% following strong Q4 earnings with 94% revenue growth to $462M and 375% bookings growth to $1.5B. Multiple investment banks raised price targets, with KeyBanc targeting $60 (70% upside) and TD Cowen targeting $76 (118% upside), citing robust demand for electrical infrastructure for data centers and AI-driven expansion prospects.