Brokerages Set Flex Ltd. (NASDAQ:FLEX) Price Target at $72.30

Shares of Flex Ltd. (NASDAQ:FLEX) have earned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $72.30.

A number of research analysts have recently commented on the company. Robert W. Baird assumed coverage on Flex in a report on Thursday, March 12th. They set an “outperform” rating and a $70.00 price target for the company. Stifel Nicolaus upped their target price on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Wall Street Zen lowered Flex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. JPMorgan Chase & Co. upped their target price on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Finally, Raymond James Financial set a $80.00 target price on Flex and gave the company an “outperform” rating in a research note on Wednesday, February 4th.

Insider Activity at Flex

In related news, COO Kwang Hooi Tan sold 17,500 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $58.87, for a total value of $1,030,225.00. Following the completion of the transaction, the chief operating officer directly owned 233,636 shares in the company, valued at approximately $13,754,151.32. This represents a 6.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Resonant Capital Advisors LLC raised its stake in Flex by 2.1% during the first quarter. Resonant Capital Advisors LLC now owns 7,967 shares of the technology company’s stock worth $522,000 after acquiring an additional 163 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Flex by 57.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after acquiring an additional 166 shares in the last quarter. Fulton Bank N.A. raised its stake in Flex by 0.3% during the third quarter. Fulton Bank N.A. now owns 49,904 shares of the technology company’s stock worth $2,893,000 after acquiring an additional 167 shares in the last quarter. Diversified Trust Co raised its stake in Flex by 2.4% during the third quarter. Diversified Trust Co now owns 7,697 shares of the technology company’s stock worth $446,000 after acquiring an additional 179 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Flex by 5.3% during the third quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after acquiring an additional 181 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Flex Price Performance

Shares of FLEX stock opened at $91.70 on Monday. Flex has a 12 month low of $34.94 and a 12 month high of $93.53. The firm has a market cap of $33.72 billion, a PE ratio of 41.12, a price-to-earnings-growth ratio of 1.97 and a beta of 1.46. The stock has a 50 day moving average of $71.04 and a 200-day moving average of $65.79. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The company had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, equities analysts predict that Flex will post 2.93 EPS for the current year.

About Flex

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.