Flex Ltd. (NASDAQ:FLEX) Stock Has Average Target Price of $114.20 According to Brokerages

Shares of Flex Ltd. (NASDAQ:FLEX) have received an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned 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 $114.20.

Several equities research analysts have recently commented on the company. Freedom Capital raised Flex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Barclays lowered their target price on Flex from $203.00 to $144.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Wall Street Zen upgraded Flex from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Robert W. Baird set a $142.00 price objective on shares of Flex in a research report on Thursday, July 30th.

Flex Stock Performance

NASDAQ FLEX opened at $113.83 on Friday. The stock has a market capitalization of $42.05 billion, a price-to-earnings ratio of 43.95, a PEG ratio of 0.57 and a beta of 1.67. Flex has a 12-month low of $53.07 and a 12-month high of $166.86. The business’s 50 day moving average is $114.60 and its two-hundred day moving average is $114.83. The company has a current ratio of 1.38, a quick ratio of 0.89 and a debt-to-equity ratio of 0.95.

Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Friday, June 26th. The technology company reported $1.00 earnings per share (EPS) for the quarter. Flex had a net margin of 3.32% and a return on equity of 23.15%. The business had revenue of $7.93 billion during the quarter. Research analysts expect that Flex will post 4.27 EPS for the current year.

Key Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex’s advanced-networking business is gaining momentum from data-center demand, a broader customer base and exposure to multiple networking technologies. The trend could support growth in fiscal 2027 and strengthen the investment case for Flex Ltd. (FLEX). Can Flex Maintain Its Advanced Networking Momentum in FY27?
• Neutral Sentiment: An analysis argues that Flex’s current valuation is broadly justified by its cash generation, but offers limited margin of safety unless normalized earnings or free cash flow improve. This may temper investor enthusiasm despite the company’s operating momentum. Flex: Even On Normalised Numbers, The Cash Only Justifies Today’s Price
• Neutral Sentiment: Several articles discuss rumors that Motorola may launch a wide-screen foldable phone called the Razr Flex, potentially in December. Reports cite a compact design, large internal display and specifications that could compete with Samsung and Apple devices. These stories concern Motorola’s handset business—not Flex Ltd. (FLEX)—and should not be treated as news about the publicly traded company.

Insider Activity

In related news, insider Michael P. Hartung sold 2,755 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $120.64, for a total value of $332,363.20. Following the sale, the insider owned 243,175 shares of the company’s stock, valued at approximately $29,336,632. This represents a 1.12% decrease in their position. The transaction was disclosed in a filing 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 owned by corporate insiders.

Institutional Trading of Flex

Several institutional investors and hedge funds have recently made changes to their positions in FLEX. Geode Capital Management LLC raised its stake in Flex by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 7,605,802 shares of the technology company’s stock valued at $459,829,000 after purchasing an additional 181,266 shares during the last quarter. Norges Bank acquired a new stake in shares of Flex during the 4th quarter worth about $319,756,000. Polar Capital Holdings Plc grew its holdings in shares of Flex by 141.8% during the fourth quarter. Polar Capital Holdings Plc now owns 3,693,141 shares of the technology company’s stock worth $223,140,000 after buying an additional 2,165,780 shares in the last quarter. Sei Investments Co. raised its position in shares of Flex by 52.2% in the first quarter. Sei Investments Co. now owns 2,230,622 shares of the technology company’s stock valued at $146,016,000 after buying an additional 764,558 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Flex by 541.5% during the first quarter. KBC Group NV now owns 1,965,811 shares of the technology company’s stock valued at $128,682,000 after buying an additional 1,659,384 shares during the period. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

About Flex

Flex Ltd. (NASDAQ:FLEX) is a global manufacturing and supply-chain solutions provider that helps companies design, build and deliver products. The company works with original equipment manufacturers and other brands across the product life cycle, from product design and engineering through manufacturing, logistics and aftermarket services.

Its capabilities include electronics manufacturing, printed circuit board assembly, systems integration, mechanical manufacturing, testing, product development and supply-chain management.