Brokerages Set Flex Ltd. (NASDAQ:FLEX) Price Target at $53.71

Key Points

• Flex Ltd. has received a consensus rating of "Moderate Buy" from analysts, with eight covering the firm—seven analysts offering buy recommendations and one hold.
• The company's stock price target from analysts ranges to an average of $53.71, with Bank of America and JPMorgan raising their price objectives significantly to $58 and $60 respectively.
• Flex reported earnings of $0.72 per share for the last quarter, exceeding analyst expectations, and had a revenue of $6.58 billion, up 4.1% year-over-year.

Shares of Flex Ltd. (NASDAQ:FLEX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $53.7143.

A number of equities research analysts have weighed in on FLEX shares. KeyCorp lifted their price target on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Barclays increased their target price on Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Wall Street Zen raised Flex from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Flex in a research note on Friday, July 11th. Finally, Bank of America boosted their price target on Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, July 10th.

Insider Activity at Flex

In other Flex news, insider Michael P. Hartung sold 35,393 shares of Flex stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $42.87, for a total transaction of $1,517,297.91. Following the completion of the sale, the insider owned 293,195 shares of the company's stock, valued at approximately $12,569,269.65. The trade was a 10.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kwang Hooi Tan sold 37,533 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $42.87, for a total transaction of $1,609,039.71. Following the completion of the sale, the chief operating officer owned 269,151 shares of the company's stock, valued at approximately $11,538,503.37. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 661,706 shares of company stock worth $28,746,344. Company insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FLEX. Norges Bank acquired a new stake in shares of Flex in the second quarter valued at approximately $291,362,000. State Street Corp increased its position in shares of Flex by 38.0% in the second quarter. State Street Corp now owns 12,259,554 shares of the technology company's stock worth $611,997,000 after purchasing an additional 3,377,669 shares during the period. Invesco Ltd. increased its position in shares of Flex by 55.0% in the first quarter. Invesco Ltd. now owns 8,363,106 shares of the technology company's stock worth $276,652,000 after purchasing an additional 2,968,285 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Flex by 3,794.6% during the 1st quarter. Pacer Advisors Inc. now owns 2,900,133 shares of the technology company's stock worth $95,936,000 after acquiring an additional 2,825,667 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Flex by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 7,180,371 shares of the technology company's stock worth $358,500,000 after acquiring an additional 2,459,511 shares during the period. 94.30% of the stock is owned by institutional investors.

Flex Stock Up 0.6%

Shares of NASDAQ FLEX traded up $0.31 during mid-day trading on Wednesday, reaching $49.41. The company had a trading volume of 2,590,544 shares, compared to its average volume of 4,105,220. Flex has a twelve month low of $25.11 and a twelve month high of $53.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.36. The stock has a market capitalization of $18.55 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. The stock's 50 day moving average is $49.97 and its 200-day moving average is $41.74.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.09. Flex had a return on equity of 20.25% and a net margin of 3.42%.The company had revenue of $6.58 billion during the quarter, compared to analysts' expectations of $6.27 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business's quarterly revenue was up 4.1% compared to the same quarter last year. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. As a group, equities analysts anticipate that Flex will post 2.33 earnings per share for the current fiscal 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.