Flex Ltd. (FLEX)
NASDAQ: FLEX · IEX Real-Time Price · USD
29.47
-0.19 (-0.64%)
At close: Jul 2, 2024, 4:00 PM
29.21
-0.26 (-0.88%)
After-hours: Jul 2, 2024, 7:53 PM EDT
Flex Ltd. Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Flex Ltd. stock have an average target of 33.6, with a low estimate of 27 and a high estimate of 37. The average target predicts an increase of 14.01% from the current stock price of 29.47.
Analyst Consensus: Buy
* Price targets were last updated on May 2, 2024.
Analyst Ratings
The average analyst rating for Flex Ltd. stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 3 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Strong Buy → Hold Downgrades $28 → $27 | Strong Buy → Hold | Downgrades | $28 → $27 | -8.38% | May 2, 2024 |
| Barclays | Barclays | Buy Maintains $30 → $34 | Buy | Maintains | $30 → $34 | +15.37% | May 2, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $32 → $34 | Buy | Maintains | $32 → $34 | +15.37% | Apr 11, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $29 → $37 | Strong Buy | Maintains | $29 → $37 | +25.55% | Mar 4, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $34 → $27 | Strong Buy | Maintains | $34 → $27 | -8.38% | Jan 25, 2024 |
Financial Forecast
Revenue This Year
26.33B
from 26.42B
Decreased by -0.34%
Revenue Next Year
27.86B
from 26.33B
Increased by 5.83%
EPS This Year
2.43
from 2.28
Increased by 6.57%
EPS Next Year
2.82
from 2.43
Increased by 16.14%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 27.2B | 29.7B | 30.3B |
| Avg | 26.3B | 27.9B | 29.2B |
| Low | 24.9B | 26.3B | 27.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.1% | 12.9% | 8.6% |
| Avg | -0.3% | 5.8% | 4.7% |
| Low | -5.6% | -0.1% | -0.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.65 | 2.99 | 3.36 |
| Avg | 2.43 | 2.82 | 3.27 |
| Low | 2.25 | 2.63 | 3.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.1% | 23.2% | 19.2% |
| Avg | 6.6% | 16.1% | 15.8% |
| Low | -1.1% | 8.1% | 11.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.