Brokerages Set Flex Ltd. (NASDAQ:FLEX) PT at $67.10

Flex Ltd. (NASDAQ:FLEX) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $67.10.

A number of brokerages have issued reports on FLEX. Wall Street Zen lowered shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. The Goldman Sachs Group raised their price target on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Barclays lifted their target price on shares of Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Finally, Robert W. Baird started coverage on shares of Flex in a research note on Thursday, March 12th. They set an “outperform” rating and a $70.00 target price on the stock.

Insider Transactions at Flex

In other news, CFO Kevin Krumm sold 21,406 shares of Flex stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the sale, the chief financial officer owned 143,803 shares of the company’s stock, valued at approximately $8,805,057.69. The trade was a 12.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Kwang Hooi Tan sold 17,500 shares of Flex stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the sale, the chief operating officer directly owned 233,636 shares in the company, valued at $13,754,151.32. The trade was a 6.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Flex

A number of large investors have recently modified their holdings of FLEX. USA Financial Formulas bought a new stake in shares of Flex during the 4th quarter valued at about $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Flex during the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust boosted 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. CENTRAL TRUST Co boosted its stake in Flex by 238.3% during the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock worth $29,000 after acquiring an additional 355 shares in the last quarter. Finally, Gables Capital Management Inc. bought a new stake in Flex during the fourth quarter worth about $42,000. Institutional investors own 94.30% of the company’s stock.

Flex Price Performance

Shares of Flex stock opened at $67.70 on Thursday. The firm has a market cap of $24.89 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.50 and a beta of 1.22. Flex has a 12-month low of $25.11 and a 12-month high of $72.22. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $64.46 and its two-hundred day simple moving average is $62.70.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. As a group, equities analysts expect that Flex will post 2.33 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.