Forgent Power Offers Growth Blueprint, Oppenheimer Says

MT Newswires Live09-16

Forgent Power Solutions (FPS) is providing a blueprint for growth following its fiscal Q4 results beat and growing backlog on record orders, Oppenheimer said in a report Wednesday.

The company also guided fiscal 2027 metrics some 20% above market estimates, the report said.

The note said its customer wallet share growth and modular bookings showed effectiveness in leveraging its advantages on capacity/lead times, customization, and cross-selling.

Investments to accelerate growth continue to reflect in near-term margin trends, the report added.

"We view de-rating as well overdone in view of FPS's higher multiyear organic growth trajectory," the note said.

Oppenheimer kept its outperform rating and a $60 price target.

Price: 35.10, Change: +3.74, Percent Change: +11.93

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