In a report released today, Ruben Roy from Stifel Nicolaus maintained a Hold rating on Plexus (PLXS – Research Report), with a price target of $145.00.
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Ruben Roy has given his Hold rating due to a combination of factors influencing Plexus’s current financial performance and future outlook. The company reported strong execution with healthy sales and earnings per share for the second quarter of fiscal year 2025, which were in line with revenue expectations and exceeded EPS estimates. However, the revenue guidance for the third quarter was slightly below consensus expectations, reflecting ongoing uncertainties related to tariffs.
Despite the robust performance in certain sectors such as semicap equipment and healthcare, there were notable weaknesses in industrial equipment and aerospace markets. Additionally, while Plexus is making strides in operational efficiency and market share gains, the overall macroeconomic environment remains challenging. These mixed signals, along with industry-wide multiple compression, led to a modest adjustment in estimates and a reduction in the target price, supporting the Hold rating.
According to TipRanks, Roy is a 5-star analyst with an average return of 12.7% and a 56.43% success rate. Roy covers the Technology sector, focusing on stocks such as Intel, Nvidia, and Celestica.
In another report released on April 16, KeyBanc also maintained a Hold rating on the stock with a $0.00 price target.