Bernstein Initiates Coverage of Forgent Power Solutions at Outperform
Fintel reports that on October 2, 2026, Bernstein initiated coverage of Forgent Power Solutions (NYSE:FPS) (DB:9FS) with a Outperform recommendation.
On the day of the rating action, October 2, 2026, the stock's latest close was $40.31, following a pre-action close of $37.33 on October 1, 2026. This follows a period of upward movement, with a one-week price change of +3.44% from a baseline close of $38.97 on September 25, 2026, and a one-month price change of +37.02% from a baseline close of $29.42 on September 2, 2026.
The company recently reported its latest earnings on September 15, 2026. Actual earnings per share (EPS) was 0.25, exceeding the estimated EPS of 0.2421, which represents an EPS surprise of +3.26%. Actual revenue for the period was $461,672,000.00, compared to the estimated revenue of $434,239,400.00.
Separately, consensus target data from September 15, 2026, showed a current consensus target mean of $61.54 and a median of $61.20, representing an implied change of +52.67%. This is a consensus target revision of +1.12% from the prior consensus target mean of $60.86 recorded on August 29, 2026.
Aggregate recommendation data for the period of September 1, 2026, shows a total of 14 recommendations, consisting of 6 strong buy, 6 buy, and 2 hold ratings. This represents 85.7% positive and 14.3% hold recommendations.
Other recent analyst actions include Wells Fargo initiating coverage on September 25, 2026, with an Equal-Weight rating. On September 16, 2026, Oppenheimer reiterated its Outperform rating, and TD Cowen maintained its Buy rating.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 2, 2026 | Bernstein | Outperform | initiated coverage | |
| September 25, 2026 | Wells Fargo | Equal-Weight | initiated coverage | |
| September 16, 2026 | Oppenheimer | Outperform | Outperform | reiterated |
| September 16, 2026 | TD Cowen | Buy | Buy | maintained |
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This story originally appeared on Fintel.