TD Cowen Maintains Buy on Forgent Power Solutions, Raises Price Target to $76
TD Cowen analyst Michael Elias maintains Forgent Power Solutions (NYSE:FPS) with a Buy and raises the price target from $73 to $76.
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Forgent Power Solutions (NYSE:FPS) sees Q1 sales of $445.000 million-$465.000 million vs $456.715 million analyst estimate.
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TD Cowen analyst Michael Elias maintains Forgent Power Solutions (NYSE:FPS) with a Buy and raises the price target from $73 to $76.
Forgent Power Solutions stock surged 9.50% after reporting exceptional AI-driven growth with 94% year-over-year revenue increase to $462 million in Q4 fiscal 2026. The company projects 76% revenue growth to $2.5 billion in fiscal 2027 and plans a $35 million capacity expansion in Mexico to support continued demand.
Markets fell as Fear & Greed slipped to 28, Treasury yields topped 5%, oil surpassed $105, and traders anticipated a Fed rate hike.