Flex, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Ruplu Bhattacharya from Bank of America Securities reiterated a Buy rating on the stock and has a $58.00 price target.
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Ruplu Bhattacharya has given his Buy rating due to a combination of factors including Flex’s strong financial performance and strategic positioning. The company recently reported a robust first quarter for fiscal year 2026, with operating margins reaching 6.0% and notable growth in their Cloud and Power segments. Flex exceeded its revenue and earnings per share (EPS) expectations, leading to an upward revision of its full-year revenue guidance by $600 million to $26.5 billion, and an increase in EPS guidance to $2.96.
Despite maintaining their data center revenue guidance at $6.5 billion, the company anticipates continued growth in Cloud and Power, projecting at least a 35% year-over-year increase. Bhattacharya highlights the long-term benefits of Flex’s improving business mix, portfolio optimization, and potential for margin expansion. Additionally, while tariff pass-throughs have impacted operating margins, they have also contributed positively to revenue growth. These factors, combined with Flex’s strategic initiatives, support the Buy rating with a price objective of $58.
In another report released on July 26, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $55.00 price target.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLEX in relation to earlier this year.