Stock Price & Analysis

Based on the current data and analysis, Plexus Corp. (PLXS) stock is currently trading near its lower Fibonacci support level of 120.42, with a pivot point at 123.86. While the company reported strong earnings that beat expectations, its revenue guidance fell short of consensus estimates, leading to a 10% drop in stock price. Analysts have maintained a "Strong Buy" rating but raised their price targets slightly. Given the mixed signals, it may be prudent to hold or wait for further market stability before making a decision.

The price prediction for PLXS stock in 2025 is expected to range between $120 and $130. This forecast is based on the stock's current price of $124.40, which is near the Fibonacci pivot point of $123.86. Recent earnings reports showed weaker-than-expected revenue and a disappointing outlook, leading to a 10% drop in the stock price. However, some analysts have raised their price targets, suggesting potential stabilization. The stock is trading near key Fibonacci support levels, which could provide a floor for the price.

The S1 support level for PLXS Stock is $120.54 ,The R1 resistant level for PLXS Stock is $128.63.

As of the end of day on 2025-03-24, the price of PLXS Stock was $131.85.

The target price for PLXS Stock according to analyst rating is 160.40, with the highest price target at 172.00 and the lowest at 143.00. Analysts have a Moderate Buy rating on PLXS Stock overall.

The market cap of PLXS is $3.5B.

Analysis and Insights

Valuation Metrics:

Plexus Corp (PLXS) currently has a trailing P/E ratio of 34.06 and forward P/E of 36.65, indicating a premium valuation compared to industry peers. The EV/EBITDA ratio of 13.61 and 15.30 for Q4 2024 and Q1 2025, respectively, further suggests a higher valuation relative to earnings.

Recent Performance and Sentiment:

The stock closed down over 10% after reporting Q1 revenue of $976.1 million, below consensus estimates of $982.2 million, and guiding Q2 revenue lower than expected. This underperformance, combined with weak chip stock sentiment, has weighed on the stock price.

Insider and Institutional Activity:

Insider sentiment is bearish, with the Regional President selling 1,250 shares, representing 49.5% of their holdings. Institutional investors are mixed, with 150 increasing positions and 149 decreasing, reflecting cautious sentiment.

Analyst Consensus:

Analysts maintain a Strong Buy rating with price targets ranging from $165 to $172, suggesting upside potential despite current challenges.

Conclusion:

PLXS appears overvalued given its high P/E and EV/EBITDA ratios, recent underperformance, and bearish insider activity. However, analyst sentiment remains positive, indicating potential for recovery. Investors should exercise caution and monitor earnings and revenue trends closely.

Plexus Corp. is specialized in providing design and development, supply chain solutions, new product introduction, manufacturing, and sustaining services. The Company offers solutions to industrial, healthcare/life sciences and aerospace/defense market sectors by comprehensive solutions throughout the products lifecycle. Its segments include Americas (AMER), Asia-Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions. Its design and development services include user-centered design (UCD), mechanical engineering, electrical engineering, quality, and compliance engineering, project management, and software engineering. Its supply chain services include design for supply chain, supply chain risk management, actionable analytics, innovative sourcing, and others. Its new product introduction includes test engineering, rapid prototyping, and transition management. Its sustaining services include aftermarket services, product lifecycle extension, and distribution management.

Price Prediction for PLXS Stock by 2030

1. $200 per share - Based on moderate growth, driven by improved revenue streams and market expansion.
2. $250 per share - Bullish scenario with strong execution and industry tailwinds.
3. $150 per share - Conservative estimate if current challenges persist.

Reasons:

• Current price around $124, with mixed Q1 results and weaker Q2 guidance.
• Analysts have raised targets slightly, indicating cautious optimism.
• Insider selling and mixed institutional sentiment suggest short-term uncertainty.

PLXS has a total of 25000 employees.