Analyst Coverage Updates for Forgent Power Solutions
Clear Street initiated coverage on Forgent Power Solutions with a 'Buy' rating, while AllianceBernstein maintained its existing 'Buy' rating.
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Clear Street initiated coverage on Forgent Power Solutions with a 'Buy' rating, while AllianceBernstein maintained its existing 'Buy' rating.
Jefferies analyst Julien Dumoulin-Smith maintained a 'Buy' rating on Forgent Power Solutions while lowering the price target from $56 to $36.
Forgent Power Solutions stock plunged 21.3% this week following the unexpected departure of CFO Ryan Fiedler less than nine months after the company's IPO. Despite management raising Q1 2027 guidance, the executive exit sparked investor concerns about leadership stability. The stock trades at a steep 132.9 P/E ratio premium to peers, making it vulnerable to transition risks.
Forgent Power Solutions announced that its revenue and Adjusted EBITDA for the first quarter of fiscal 2027 are expected to exceed the high end of its previous guidance.
Filed: 2026-09-21 AccNo: 0001525769-26-000041 Size: 383 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
Gainers Vera Bradley (NASDAQ:VRA) stock moved upwards by 30.8% to $3.98 during Tuesday's regular session. The company's market cap stands at $86.4 million. The company's, Q2 earnings came out today. Jinxin