FLEX Price Prediction Next Week
Technical Analysis
Recent price action shows FLEX trading in a consolidation pattern. The stock has formed a support level around $43 with resistance near $45.10, its recent 52-week high.
News Impact
- Chief Commercial Officer Michael Hartung sold 16,015 shares (6.4% of holdings) on February 6, 2025, with no insider purchases reported in the past 6 months. This selling pressure could create short-term headwinds.
- Institutional sentiment appears mixed, with 258 institutions increasing positions while 235 decreased holdings in the most recent quarter.
- Analysts maintain a bullish outlook, with Stifel Nicolaus initiating coverage with a Buy rating and $52 price target. The consensus shows a Strong Buy rating with an average target of $50.33, suggesting 16.4% upside potential.
Price Prediction for Next Week Based on technical indicators and news sentiment:
- Support level: $43.00
- Resistance level: $45.10
- Target price range: $44.50-$46.00
The stock is likely to break above current resistance due to:
- Strong analyst consensus and price targets
- Positive institutional accumulation slightly outweighing distribution
- Technical indicators suggesting momentum building
Trading Recommendation: BUY
- Entry point: Current market price (~$44)
- Initial target: $46.00 (+4.5%)
- Stop loss: $42.50 (-3.4%)
The risk/reward ratio favors a long position with upside potential outweighing downside risks. However, monitor insider selling activity as it could signal potential weakness.
FLEX Similar Chart Price Prediction
The price of FLEX is predicted to go up 12.51%, based on the high correlation periods with ARCB. The similarity of these two price pattern on the periods is 92.85%.
FLEX
ARCB
Up: 12.51%Similarity: 92.85%
FLEX Revenue Forecast
FLEX EPS Forecast
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FLEX Analyst's Forecast
Ruben Roy
Stifel
Strong Buy
2025-02-11
Price Target
$52
Upside
+20.9%
Stifel resumed coverage of Flex with a Buy rating and $52 price target. The firm views Flex's positioning as a long-standing electronic manufacturing services provider "positively" and expects the company to continue to benefit from expansion into growth vectors, including power and cooling, the analyst tells investors. The firm believes that Flex's focus on increasing exposure to U.S. hyperscaler opportunities is likely to result in continued top-line growth acceleration and margin expansion, the analyst added.
George Wang
Barclays
Buy
2025-01-30
Price Target
$43 → $49
Upside
+16.44%
Matthew Sheerin
Stifel
Strong Buy
2024-12-10
Price Target
$40 → $48
Upside
+26.55%
