Flex Ltd. (FLEX)
NASDAQ: FLEX · IEX Real-Time Price · USD
30.39
+0.27 (0.90%)
At close: Jul 12, 2024, 4:00 PM
30.74
+0.35 (1.15%)
After-hours: Jul 12, 2024, 7:58 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 10.56% from the current stock price of 30.39.

Analyst Consensus: Buy
Target Low Average Median High
Price $27 $33.6 $34 $37
Change -11.15% +10.56% +11.88% +21.75%
* 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 Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 211111
Buy 223333
Hold 000111
Sell 000000
Strong Sell 000000
Total 434555

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Craig-Hallum
Craig-Hallum
Hold
Downgrades
$28$27
Hold Downgrades $28$27 -11.15% May 2, 2024
Barclays
Barclays
Buy
Maintains
$30$34
Buy Maintains $30$34 +11.88% May 2, 2024
JP Morgan
JP Morgan
Buy
Maintains
$32$34
Buy Maintains $32$34 +11.88% Apr 11, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$29$37
Strong Buy Maintains $29$37 +21.75% Mar 4, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$34$27
Strong Buy Maintains $34$27 -11.15% Jan 25, 2024
More Analyst Ratings

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%
Year 20192020202120222023202420252026
Revenue
24.21B24.12B24.63B28.50B26.42B26.33B27.86B29.18B
Revenue Growth
-7.63%-0.36%2.11%15.71%-7.32%-0.34%5.83%4.72%
EPS
0.171.211.941.722.282.432.823.27
EPS Growth
-5.56%611.76%60.33%-11.34%32.56%6.57%16.14%15.77%
Forward PE
-----12.5110.779.30
No. Analysts -----12123
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
3.1%
12.9%
8.6%
Avg
-0.3%
5.8%
4.7%
Low
-5.6%
-0.1%
-0.1%

EPS Forecast

EPS 202420252026
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 202420252026
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.