James Ricchiuti, an analyst from Needham, reiterated the Buy rating on Plexus. The associated price target is $206.00.
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James Ricchiuti has given his Buy rating due to a combination of factors tied to Plexus’s strong start to fiscal 2026 and improved outlook. The company reported first-quarter revenue in line with expectations and delivered earnings per share at the high end of its guidance, slightly above market forecasts, while margins tracked near the middle of the guided range. For the second quarter, Plexus is projecting revenue growth meaningfully ahead of consensus and earnings guidance that also surpasses Street expectations, signaling operational momentum and effective execution.
Ricchiuti also highlights management’s increased confidence in the full-year trajectory, as the solid early performance positions Plexus to achieve or potentially beat the upper bound of its previously stated 9–12% revenue growth objective for fiscal 2026. This improving growth profile, coupled with better-than-expected guidance, underpins his constructive view on the stock. Reflecting this outlook, he not only reiterates his Buy recommendation but also raises his price target to $206, indicating further anticipated upside from current levels.
In another report released today, TipRanks – Google also upgraded the stock to a Buy with a $203.00 price target.