Flex Ltd. (NASDAQ:FLEX) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Flex a "Moderate Buy" — 12 firms cover the stock (nine buy, three hold) with a consensus 12‑month price target of $72.30.
• Flex beat Q results, reporting $0.87 EPS vs. $0.79 est. and $7.06B revenue (up 7.7% YoY), and set FY2026 guidance of 3.210–3.270 EPS with Q4 guidance of 0.830–0.890 EPS.
• Shares trade near their 12‑month high (~$91.41) with a market cap of ~$33.6B and a P/E of 40.99, while major institutions — led by Vanguard — greatly increased holdings, leaving institutions owning about 94.3% of the stock.

Shares of Flex Ltd. (NASDAQ:FLEX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $72.30.

FLEX has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Flex in a research note on Monday, December 29th. Robert W. Baird initiated coverage on shares of Flex in a research note on Thursday, March 12th. They issued an "outperform" rating and a $70.00 price objective on the stock. Zacks Research lowered shares of Flex from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 29th. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Flex from $75.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday, April 16th.

Flex Price Performance

Shares of NASDAQ FLEX opened at $91.41 on Monday. The firm has a market cap of $33.61 billion, a PE ratio of 40.99, a P/E/G ratio of 1.97 and a beta of 1.22. Flex has a 12-month low of $33.35 and a 12-month high of $91.91. The company's fifty day simple moving average is $69.04 and its 200 day simple moving average is $64.91. 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 - Get Free Report) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. Flex's revenue was up 7.7% on a year-over-year basis. 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, sell-side analysts forecast that Flex will post 2.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Flex

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the firm's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $58.87, for a total value of $1,030,225.00. Following the transaction, the chief operating officer directly owned 233,636 shares of the company's stock, valued at approximately $13,754,151.32. This trade represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.57% of the company's stock.

Institutional Trading of Flex

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Flex by 196.1% in the fourth quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company's stock valued at $2,341,053,000 after purchasing an additional 25,662,586 shares during the last quarter. State Street Corp raised its holdings in shares of Flex by 17.8% in the fourth quarter. State Street Corp now owns 14,055,533 shares of the technology company's stock valued at $849,235,000 after purchasing an additional 2,126,440 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Flex by 2.4% in the fourth 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. Massachusetts Financial Services Co. MA raised its holdings in shares of Flex by 6.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,631,237 shares of the technology company's stock valued at $326,443,000 after purchasing an additional 355,061 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Flex in the fourth quarter valued at about $319,756,000. Hedge funds and other institutional investors own 94.30% of the company's stock.

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.

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