Flex Ltd. (NASDAQ:FLEX) Stock Has Average Target Price of $119.67 According to Brokerages

Flex Ltd. (NASDAQ:FLEX) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $119.67.

A number of research firms have weighed in on FLEX. Wall Street Zen raised shares of Flex from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Weiss Ratings lowered Flex from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Barclays dropped their price target on Flex from $203.00 to $144.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group cut their price target on Flex from $177.00 to $154.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Robert W. Baird set a $142.00 price objective on Flex in a research report on Thursday, July 30th.

Flex Price Performance

Flex stock opened at $76.69 on Tuesday. The stock has a market capitalization of $28.33 billion, a P/E ratio of 26.95, a P/E/G ratio of 0.44 and a beta of 1.67. The company’s fifty day moving average price is $109.69 and its 200 day moving average price is $119.58. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.89 and a current ratio of 1.38. Flex has a 1 year low of $53.07 and a 1 year high of $166.86.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Friday, June 26th. The technology company reported $1.00 earnings per share (EPS) for the quarter. Flex had a return on equity of 23.15% and a net margin of 3.32%. The company had revenue of $7.93 billion for the quarter. As a group, equities research analysts anticipate that Flex will post 4.27 earnings per share for the current fiscal year.

Insider Transactions at Flex

In related news, insider Michael P. Hartung sold 2,755 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $120.64, for a total transaction of $332,363.20. Following the completion of the sale, the insider directly owned 243,175 shares of the company’s stock, valued at approximately $29,336,632. This trade represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.62% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Flex

Institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in Flex by 14.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 783 shares of the technology company’s stock valued at $86,000 after buying an additional 99 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Flex by 7.4% during the second quarter. TD Waterhouse Canada Inc. now owns 1,449 shares of the technology company’s stock worth $223,000 after acquiring an additional 100 shares during the period. JSF Financial LLC increased its position in shares of Flex by 0.6% during the first quarter. JSF Financial LLC now owns 20,504 shares of the technology company’s stock worth $1,342,000 after acquiring an additional 115 shares during the period. WealthPlan Investment Management LLC increased its position in shares of Flex by 5.3% during the third quarter. WealthPlan Investment Management LLC now owns 2,312 shares of the technology company’s stock worth $254,000 after acquiring an additional 116 shares during the period. Finally, Glenview Trust Co raised its stake in shares of Flex by 3.4% in the first quarter. Glenview Trust Co now owns 3,775 shares of the technology company’s stock valued at $247,000 after acquiring an additional 125 shares in the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Flex

Here are the key news stories impacting Flex this week:

• Neutral Sentiment: The EPC Power acquisition expands Flex’s position in power infrastructure and is intended to be placed within Axiom before the planned first-quarter 2027 spin-off. However, integrating the $4.4 billion acquisition and separating the business adds significant execution complexity. Flex slides as investors digest Axiom spin-off financing risks and broader AI infrastructure weakness
• Negative Sentiment: Flex disclosed a $2.0 billion preferred investment in Axiom that must be redeemed if the spin-off is not completed by December 31, 2027. Investors may view that contingent obligation as a financial risk if the separation is delayed. Flex SEC filing
• Negative Sentiment: Flex borrowed $1.1 billion under a bridge credit facility to help fund the EPC Power transaction. The added borrowing increases leverage and may heighten concerns about financing costs and the company’s balance sheet during the spin-off process. Flex 8-K filing summary
• Negative Sentiment: Broader weakness in AI and data-center infrastructure shares is likely amplifying pressure on Flex as investors reassess the cost of financing large infrastructure build-outs. AP report on AI infrastructure concerns
• Negative Sentiment: Reported insider activity shows 138 open-market sales and no purchases over the past six months, including sales by senior executives. While such transactions may be scheduled, the absence of insider buying can weigh on investor sentiment.

Flex Company Profile

Flex Ltd. (NASDAQ: FLEX) is a global manufacturing and supply chain solutions provider. The company helps original equipment manufacturers design, engineer, manufacture, distribute and service products across their lifecycles.

Flex serves customers in industries including automotive, communications, consumer electronics, health care, industrial, lifestyle and cloud infrastructure. Its capabilities include product design and engineering, printed circuit board assembly, systems integration, supply chain management, logistics, and aftermarket services.

The company was founded in 1969 as Flextronics and later adopted the name Flex.