FLEX

Flex Ltd

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Advanced Chart

49.810

+0.14(0.282%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

49.990

Open

49.670

VWAP

49.60

Vol

2.20M

Mkt Cap

18.56B

Low

49.200

Amount

109.17M

EV/EBITDA(TTM)

11.99

Total Shares

398.80M

21.51B

EV/OCF(TTM)

14.29

P/S(TTM)

0.83

Flex Ltd. is the manufacturing partner that helps brands design, build, deliver and manage products. The Company delivers advanced manufacturing, data center IT and power infrastructure solutions. Its segments include Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The FAS segment consists of various end markets, such as Communications, Enterprise and Cloud, including data infrastructure, edge infrastructure and communications infrastructure; Lifestyle, including appliances, consumer packaging, floorcare, micromobility and audio; and Consumer Devices, including mobile and high velocity consumer devices. The FRS segment consists of end markets, such as Automotive, including mobility, autonomous, connectivity, electrification, and smart technologies; Health Solutions, including medical devices, medical equipment and drug delivery; and Industrial, including capital equipment, industrial devices, embedded and critical power offerings and renewables and grid edge.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q4

FY2026Q3

FY2026Q2

6.60B

+3.08%

0.782

+7.17%

6.68B

+1.95%

0.779

+1.17%

6.54B

-0.04%

0.729

+13.97%

Estimates Revision

The market is revising Upward the revenue expectations for Flex Ltd. (FLEX) for FY2026, with the revenue forecasts being adjusted by 0.17% over the past three months. During the same period, the stock price has changed by 41.43%.

Revenue Estimates for FY2026

Revise Upward

+0.17%

In Past 3 Month

EPS Estimates for FY2026

Revise Upward

+3.32%

In Past 3 Month

Stock Price

Go Up

+41.43%

In Past 3 Month

8 Analyst Rating

-3.63% Downside

Wall Street analysts forecast FLEX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLEX is 48.00 USD with a low forecast of 41.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

7 Buy

1 Hold

0 Sell

Strong Buy

-3.63% Downside

Current: 49.810

Low

41.00

Averages

48.00

High

60.00

-3.63% Downside

Current: 49.810

Low

41.00

Averages

48.00

High

60.00

JPMorgan

Samik Chatterjee

Overweight

maintain

$44 -> $60

2025-07-17

Reason

JPMorgan

Samik Chatterjee

Price Target

$44 -> $60

2025-07-17

maintain

Overweight

Reason

JPMorgan analyst Samik Chatterjee raised the firm's price target on Flex to $60 from $44 and keeps an Overweight rating on the shares. The firm adjusted price targets in hardware and networking, saying it expects upside to second half of 2025 estimates from "robust" cloud spending. However, underlying end market drivers for other customer verticals "remain a watchpoint" as they exhibit more sensitivity to the macro environment, the analyst tells investors in a research note.

Goldman Sachs

Buy

maintain

$51 -> $64

2025-07-10

Reason

Goldman Sachs

Price Target

$51 -> $64

2025-07-10

maintain

Buy

Reason

Goldman Sachs raised the firm's price target on Flex to $64 from $51 and keeps a Buy rating on the shares as part of a broader research note on U.S. Autos and Industrial Tech industry. The firm is raising its US auto forecast to reflect more measured tariff levels than what had been initially proposed, even though it still expects auto sales in the US to moderate in the second half after pre-buying ahead of tariffs and what will likely be higher pricing in the second half due to tariffs, the analyst tells investors in a research note. Goldman Sachs sees US auto sales at 15.75M and 15.50M units in 2025 and 2026 respectively, compared to its prior forecast of 15.40M and 15.25M.

BofA

Buy

maintain

$50 -> $58

2025-07-10

Reason

BofA

Price Target

$50 -> $58

2025-07-10

maintain

Buy

Reason

BofA raised the firm's price target on Flex to $58 from $50 and keeps a Buy rating on the shares. The company continues to see strong revenue related to data center, and data center is the main driver for 1% year over year revenue growth in the firm's model and assumes the remaining end markets decline, the analyst tells investors in a research note. Flex has the ability to raise prices on some of its own power products to offset direct tariff impact, BofA adds.

KeyBanc

Steve Barger

maintain

$50 -> $60

2025-07-02

Reason

KeyBanc

Steve Barger

Price Target

$50 -> $60

2025-07-02

maintain

Reason

KeyBanc analyst Steve Barger raised the firm's price target on Flex to $60 from $50 and keeps an Overweight rating on the shares. The firm says it is not an easy call as Flex shares are trading at ATH price and valuation, but the EMS space has enjoyed multiple expansion as the industry has become more disciplined and gross margins have expanded. Additionally, KeyBanc likes the company's differentiated Data Center strategy, which covers more of the product-and-service TAM to include its suite of power products built on proprietary Flex IP.

BofA

Ruplu Bhattacharya

Buy

maintain

$48 -> $50

2025-06-09

Reason

BofA

Ruplu Bhattacharya

Price Target

$48 -> $50

2025-06-09

maintain

Buy

Reason

BofA analyst Ruplu Bhattacharya raised the firm's price target on Flex to $50 from $48 and keeps a Buy rating on the shares after having hosted a fireside chat with CEO Revathi Advaithi at the BofA 2025 Global Technology Conference. Following the event, the firm uses a slightly higher multiple on more confidence in datacenter revenue growth, which offers accretive margins, the analyst tells investors.

KeyBanc

NULL

Overweight

upgrade

$44 -> $50

2025-06-03

Reason

KeyBanc

Price Target

$44 -> $50

2025-06-03

upgrade

NULL

Overweight

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Flex Ltd (FLEX.O) is 16.81, compared to its 5-year average forward P/E of 10.75. For a more detailed relative valuation and DCF analysis to assess Flex Ltd 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Strongly Overvalued

5Y Average PE

10.75

Current PE

16.81

Overvalued PE

12.99

Undervalued PE

8.51

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Strongly Overvalued

5Y Average EV/EBITDA

6.84

Current EV/EBITDA

10.44

Overvalued EV/EBITDA

7.92

Undervalued EV/EBITDA

5.77

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Strongly Overvalued

5Y Average PS

0.39

Current PS

0.77

Overvalued PS

0.50

Undervalued PS

0.28