May. 15 at 2:21 PM
KeyBanc raises its price target on
$FPS to
$60 from
$41 and maintains an Overweight rating.
Analyst commentary: “Can this level of growth momentum really be ignored? After FPS’s F3Q26 earnings, while the strength in Data Center/Grid is already widely recognized, what stood out most was the continued acceleration in underlying demand. Even more importantly, the company’s differentiation is becoming clearer—driven by forward-looking capacity planning and a strong custom-focused strategy that continues to fuel outperformance. The real question is: is the market still underestimating the long-term opportunity here? We believe the answer is leaning yes. As investors gradually reassess FPS’s unique positioning within powerful Data Center/Grid tailwinds, there remains room for further upside. Accordingly, we reiterate our Overweight rating and raise our price target to
$60.”
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