Flex (NASDAQ:FLEX) Upgraded by Freedom Capital to Strong-Buy Rating

Freedom Capital upgraded shares of Flex (NASDAQ:FLEX) from a hold rating to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Several other research firms have also issued reports on FLEX. KeyCorp upped their target price on Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Barclays boosted their price objective on Flex from $174.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Robert W. Baird set a $165.00 price objective on Flex in a research note on Thursday, May 7th. Stifel Nicolaus raised their target price on Flex from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group lifted their target price on Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Flex currently has a consensus rating of “Moderate Buy” and an average price target of $115.70.

Flex Stock Down 5.9%

Flex stock opened at $121.12 on Thursday. Flex has a fifty-two week low of $47.83 and a fifty-two week high of $166.86. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. The firm’s 50-day simple moving average is $143.62 and its 200 day simple moving average is $95.62. The stock has a market cap of $44.38 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 0.68 and a beta of 1.64.

Flex (NASDAQ:FLEX) last posted its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.93 EPS for the quarter. Flex had a net margin of 3.15% and a return on equity of 22.12%. The firm had revenue of $7.48 billion during the quarter. Research analysts predict that Flex will post 4.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Flex news, EVP David Scott Offer sold 6,657 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $145.23, for a total value of $966,796.11. Following the sale, the executive vice president directly owned 91,122 shares in the company, valued at $13,233,648.06. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Revathi Advaithi sold 39,188 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $145.18, for a total value of $5,689,313.84. Following the transaction, the chief executive officer directly owned 584,278 shares in the company, valued at $84,825,480.04. This represents a 6.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 769,195 shares of company stock worth $110,116,823 in the last three months. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Flex

Several large investors have recently added to or reduced their stakes in FLEX. USA Financial Formulas bought a new stake in Flex in the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust lifted its holdings in Flex by 57.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in Flex during the fourth quarter worth about $28,000. Gables Capital Management Inc. purchased a new position in shares of Flex in the fourth quarter worth about $42,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Flex by 6,318.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company’s stock worth $43,000 after purchasing an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Key Headlines Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Recent analyst commentary appears to have been constructive, with one note framing the pullback as a valuation reset rather than a fundamental problem, which could help limit downside once selling pressure eases.
• Neutral Sentiment: Flex has set its first-quarter fiscal 2027 earnings release for July 29, and investors often reduce exposure ahead of an earnings date when a stock has already had a strong run.
• Neutral Sentiment: Some investor attention is also focused on Flex’s planned spin-off of its Cloud and Power Infrastructure segment and a related delayed-draw term loan tied to a pending acquisition, but these look more like execution/watchlist items than immediate catalysts.
• Negative Sentiment: Market participants appear to be de-risking after the stock’s recent rally, and broader weakness in AI hardware-related names may be adding to the selling pressure. Article Title

Flex Company Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.