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The latest announcement is out from Plexus ( (PLXS) ).
On May 14, 2025, Plexus Corp.’s Board of Directors approved a new share repurchase program, authorizing the buyback of up to $100 million of its common stock. This will commence after the current $50 million program, which has a remaining balance of $17.9 million as of May 13, 2025, expires. The company has not set a specific schedule for repurchases, indicating flexibility in timing and amount based on market conditions and other factors.
The most recent analyst rating on (PLXS) stock is a Buy with a $140.00 price target. To see the full list of analyst forecasts on Plexus stock, see the PLXS Stock Forecast page.
Spark’s Take on PLXS Stock
According to Spark, TipRanks’ AI Analyst, PLXS is a Outperform.
Plexus Corp. showcases a strong financial position with stable growth and robust cash flow, contributing positively to the stock score. The positive guidance and strategic wins highlighted in the earnings call further bolster confidence. However, the high valuation and mixed technical indicators suggest moderate caution, leading to an overall score of 75.4.
To see Spark’s full report on PLXS stock, click here.
More about Plexus
Average Trading Volume: 191,948
Technical Sentiment Signal: Buy
Current Market Cap: $3.56B
See more insights into PLXS stock on TipRanks’ Stock Analysis page.