Movement Alert｜Forgent Power Solutions Rises 5.01% in Pre-Market Trading, Bank of America Raises Target Price to $68 with Buy Rating Maintained

Market Focus19:44

On June 15, Forgent Power Solutions rose 5.01% in pre-market trading, trading at $61.99/share, with turnover of approximately $416,700.

On the news front, Bank of America recently raised its target price on the company significantly from $57 to $68 while maintaining a buy rating. According to FactSet data, the stock currently carries an average analyst rating of buy with a mean price target of $58.30. This marks a continuation of institutional upgrades, following SemiAnalysis's earlier rating upgrade on June 9 citing extended demand windows for traditional power distribution equipment as 800VDC high-voltage solutions and CPO co-packaged optics face delays to post-2028 mass production.

Forgent Power Solutions is a leading designer and manufacturer of power distribution equipment, with products widely used in data centers, power grids, and high-energy-consumption industrial facilities. Core products include automatic transfer switches, dry-type transformers, power distribution rooms, switchgear, and switchboards. The stock has rallied from its $47 offering price following the completion of its expanded Class A common stock issuance in early June.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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