Flex Ltd. (FLEX)
NASDAQ: FLEX · IEX Real-Time Price · USD
28.97
+0.27 (0.92%)
Apr 26, 2024, 1:07 PM EDT - Market open
Flex Ltd. Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Flex Ltd. stock have an average target of 35.5, with a low estimate of 34 and a high estimate of 37. The average target predicts an increase of 22.56% from the current stock price of 28.97.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Flex Ltd. stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 4 | 4 | 3 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $32 → $34 | Buy | Maintains | $32 → $34 | +17.38% | Apr 11, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $29 → $37 | Strong Buy | Maintains | $29 → $37 | +27.74% | Mar 4, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $34 → $27 | Strong Buy | Maintains | $34 → $27 | -6.78% | Jan 25, 2024 |
| Barclays | Barclays | Buy Initiates $35 | Buy | Initiates | $35 | +20.84% | Sep 7, 2023 |
| Credit Suisse | Credit Suisse | Buy Maintains $34 → $36 | Buy | Maintains | $34 → $36 | +24.29% | Jul 27, 2023 |
Financial Forecast
Revenue This Year
28.38B
from 30.35B
Decreased by -6.48%
Revenue Next Year
27.19B
from 28.38B
Decreased by -4.19%
EPS This Year
2.56
from 1.72
Increased by 49.07%
EPS Next Year
2.51
from 2.56
Decreased by -2.01%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 29.4B | 29.9B | 29.9B |
| Avg | 28.4B | 27.2B | 28.6B |
| Low | 25.8B | 25.1B | 27.1B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | -3.0% | 5.2% | 9.8% |
| Avg | -6.5% | -4.2% | 5.3% |
| Low | -14.9% | -11.4% | -0.4% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 2.66 | 2.76 | 3.15 |
| Avg | 2.56 | 2.51 | 3.05 |
| Low | 2.46 | 2.30 | 2.90 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 54.4% | 7.7% | 25.4% |
| Avg | 49.1% | -2.0% | 21.2% |
| Low | 43.0% | -10.2% | 15.5% |
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.