Forgent Power (FPS) Hits All-Time High on 27% PT Hike

Forgent Power Solutions Inc. (NYSE:FPS) is one of the 10 Stocks With Explosive Returns.

Forgent Power climbed to a fresh all-time high on Friday, as investors took heart from an investment firm’s 27-percent price target upgrade for its stock.

In intra-day trading, the stock climbed to its highest price of $55.19 before trimming gains to end the session just up by 14.93 percent at $54.66 apiece.

The Dayton manufacturing facility. Photo from Forgent Power

In a market note, Jefferies raised its price target for Forgent Power Solutions Inc. (NYSE:FPS) to $56 from $44 previously, while maintaining a buy recommendation, following the latter’s strong earnings performance and evidently increasing market share, with orders surging by 308 percent, as compared with the 100 percent growth across its peers.

Meanwhile, Forgent Power Solutions Inc. (NYSE:FPS) announced that it more-than-doubled its attributable net income in the third quarter of fiscal year 2026 to $18.3 million from only $6.88 million in the same period last year. Revenues increased by 103.6 percent to $378.7 million from $186.2 million year-on-year.

Following the results, Jefferies raised its sales and EBITDA growth forecast for the power solutions provider to 15 and 16 percent, respectively.

Forgent Power Solutions Inc. (NYSE:FPS) is a designer and manufacturer of electrical distribution equipment for data centers and power grids. It was listed on the New York Stock Exchange only last February.

While we acknowledge the risk and potential of FPS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FPS and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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