Ruben Roy, an analyst from Stifel Nicolaus, maintained the Buy rating on Flex. The associated price target is $75.00.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Ruben Roy has given his Buy rating due to a combination of factors that highlight Flex’s strong performance and strategic positioning. The company’s sales and earnings per share for the September quarter surpassed expectations, driven by robust growth in its data center portfolio, particularly in AI power, compute, and cooling solutions. This momentum is expected to continue, with management targeting a significant year-over-year increase in data center revenue for the fiscal year 2026.
Additionally, Flex’s strategic focus on higher-value AI-related applications is anticipated to strengthen its market position in power distribution. Despite some challenges, such as a facility shutdown in Ukraine, the company’s guidance for the upcoming quarter and full fiscal year remains positive, with revenue and earnings projections above previous estimates. This optimistic outlook, coupled with strong operating margins and cash flow performance, underpins the Buy rating and the increased target price of $75.
In another report released on October 23, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $71.00 price target.
Based on the recent corporate insider activity of 72 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.