Flex Ltd. (NASDAQ:FLEX) Receives $71.86 Consensus Target Price from Brokerages

Flex Ltd. (NASDAQ:FLEX) has been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $71.8571.

Several research firms have commented on FLEX. KeyCorp upped their price objective on shares of Flex from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Stifel Nicolaus raised their price objective on shares of Flex from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Argus set a $85.00 target price on Flex in a research report on Friday, October 31st. JPMorgan Chase & Co. boosted their price target on Flex from $60.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flex in a report on Wednesday, October 8th.

Insiders Place Their Bets

In related news, insider Michael P. Hartung sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $62.26, for a total transaction of $933,900.00. Following the sale, the insider owned 226,198 shares of the company’s stock, valued at $14,083,087.48. This represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Erin Mcsweeney sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.47, for a total value of $514,700.00. Following the sale, the director directly owned 17,012 shares in the company, valued at approximately $875,607.64. This trade represents a 37.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 120,020 shares of company stock worth $7,004,342. 0.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Flex

Large investors have recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Flex during the 4th quarter worth approximately $260,000. GAMMA Investing LLC lifted its stake in Flex by 231.2% during the first quarter. GAMMA Investing LLC now owns 1,636 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,142 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Flex by 20.9% in the 1st quarter. DAVENPORT & Co LLC now owns 6,930 shares of the technology company’s stock valued at $229,000 after purchasing an additional 1,200 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Flex by 19.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 12,727 shares of the technology company’s stock valued at $421,000 after purchasing an additional 2,093 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in shares of Flex during the 1st quarter worth $26,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Flex Stock Down 1.1%

Flex stock opened at $62.64 on Monday. Flex has a fifty-two week low of $25.11 and a fifty-two week high of $67.00. The firm has a market capitalization of $23.16 billion, a PE ratio of 27.72, a P/E/G ratio of 1.66 and a beta of 1.24. The company’s 50-day moving average is $59.46 and its 200-day moving average is $51.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.33 and a quick ratio of 0.83.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. Flex had a return on equity of 20.86% and a net margin of 3.33%.The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. Sell-side analysts anticipate that Flex will post 2.33 earnings per share for the current year.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.