Forgent Power Solutions is trading 5.4% up at $39.36 in pre-market on October 2, 2026, amid Bernstein’s initiation of coverage with an Outperform rating and a $48 price target. - CNBC reported Bernstein’s call but did not explicitly say it caused the move; the firm cited several earnings drivers. - The broader market is also higher ahead of the September employment report, which may support the risk-on tone. - Shares closed October 1 at $37.33; pre-market volume or activity data was not provided.