Analyst Vanessa Jeffriess of Jefferies reiterated a Buy rating on Volex plc (VLX – Research Report), with a price target of p350.00.
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Vanessa Jeffriess’s rating is based on a combination of factors, primarily driven by Volex plc’s recent strong trading update. The company has experienced a notable increase in demand for data centers in the fourth quarter, which has led to expectations that their sales and EBITA for the fiscal year 2025 will surpass consensus estimates.
Jeffriess anticipates a positive reaction in the share price due to these developments and foresees upgrades in the consensus EBITA for the fiscal year 2025. Despite prevailing market uncertainties, she believes Volex is well-positioned for the fiscal year 2026, reinforcing her Buy rating on the stock.