Flex (NASDAQ:FLEX) Stock Price Expected to Rise, KeyCorp Analyst Says

Flex (NASDAQ:FLEX) had its price target lifted by equities researchers at KeyCorp from $70.00 to $75.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the technology company’s stock. KeyCorp’s target price suggests a potential upside of 19.96% from the company’s current price.

A number of other research analysts have also recently commented on FLEX. Wall Street Zen cut Flex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 11th. Bank of America increased their price target on Flex from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Barclays increased their price target on Flex from $60.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday. KGI Securities cut Flex from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group set a $66.00 price target on Flex in a research note on Monday, September 29th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Flex presently has a consensus rating of “Moderate Buy” and an average target price of $71.86.

Flex Stock Down 2.3%

NASDAQ FLEX opened at $62.52 on Thursday. The business has a fifty day moving average price of $58.50 and a two-hundred day moving average price of $49.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.33 and a quick ratio of 0.83. Flex has a fifty-two week low of $25.11 and a fifty-two week high of $67.00. The stock has a market capitalization of $23.47 billion, a PE ratio of 27.66, a PEG ratio of 2.08 and a beta of 1.15.

Flex (NASDAQ:FLEX) last released its earnings results on Wednesday, October 29th. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. Flex had a return on equity of 20.86% and a net margin of 3.33%.The firm had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same period in the prior year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.090-3.170 EPS. Q3 2026 guidance at 0.740-0.800 EPS. Equities analysts expect that Flex will post 2.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Erin Mcsweeney sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $51.47, for a total value of $514,700.00. Following the completion of the sale, the director directly owned 17,012 shares in the company, valued at $875,607.64. This represents a 37.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael P. Hartung sold 15,000 shares of the stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $64.26, for a total value of $963,900.00. Following the completion of the sale, the insider owned 241,198 shares of the company’s stock, valued at $15,499,383.48. The trade was a 5.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 105,020 shares of company stock valued at $6,070,442 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Flex

A number of large investors have recently bought and sold shares of FLEX. Brighton Jones LLC acquired a new stake in Flex during the 4th quarter worth about $260,000. GAMMA Investing LLC grew its holdings in Flex by 231.2% during the 1st quarter. GAMMA Investing LLC now owns 1,636 shares of the technology company’s stock worth $54,000 after acquiring an additional 1,142 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Flex by 7,157.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,016 shares of the technology company’s stock worth $2,290,000 after acquiring an additional 68,065 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Flex by 3.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 112,253 shares of the technology company’s stock worth $3,713,000 after acquiring an additional 4,200 shares during the period. Finally, New York State Teachers Retirement System grew its holdings in Flex by 0.5% during the 1st quarter. New York State Teachers Retirement System now owns 355,545 shares of the technology company’s stock worth $11,761,000 after acquiring an additional 1,761 shares during the period. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.