---
title: "Forgent Price Target Lifted to $63 as Strong 3Q26 Beat and Upgraded Outlook Support Buy Rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286497896.md"
description: "Analyst Michael Elias of TD Cowen has raised the price target for Forgent Power Solutions, Inc. to $63, maintaining a Buy rating. This decision follows the company's strong fiscal 3Q26 results, which exceeded expectations, and an upgraded outlook for fiscal 2026. Elias cites robust demand in data centers and a significant leasing pipeline as key factors supporting continued order momentum and an attractive valuation."
datetime: "2026-05-15T02:35:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286497896.md)
  - [en](https://longbridge.com/en/news/286497896.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286497896.md)
---

# Forgent Price Target Lifted to $63 as Strong 3Q26 Beat and Upgraded Outlook Support Buy Rating

Analyst Michael Elias of TD Cowen maintained a Buy rating on Forgent Power Solutions, Inc. Class A, boosting the price target to $63.00.

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Michael Elias has given his Buy rating due to a combination of factors, including Forgent’s consistent outperformance versus expectations and its strengthened outlook. The company delivered better‑than‑forecast fiscal 3Q26 results, set a new high in quarterly orders, and raised its full‑year fiscal 2026 guidance, prompting Elias to lift his price target from $45 to $63.

He also highlights robust, data‑driven evidence of surging data center demand and a sizable forward leasing pipeline that should translate into continued order momentum for Forgent. In his view, the company’s ability to expand capacity, gain share with faster‑to‑market solutions, and enhance margins while still trading at an attractive valuation supports maintaining a Buy recommendation.

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