PLXS Should I Buy
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Plexus Corp (PLXS) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has shown solid financial growth and positive analyst sentiment, the lack of significant positive trading signals, insider selling, and neutral technical indicators suggest waiting for a better entry point.
The MACD is negative and expanding, indicating bearish momentum. RSI is neutral at 49.733, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading below the pivot level of 202.763, with key support at 195.753 and resistance at 209.772.
Strong financial performance in Q1 2026, with revenue, net income, and EPS showing YoY growth.
Analysts have raised price targets, with some maintaining a Buy rating due to strong demand momentum and positive guidance.
Insider selling has increased significantly by 386.77% in the last month, which may indicate lack of confidence from insiders.
No recent news or significant event-driven catalysts.
Lack of strong proprietary trading signals from AI Stock Picker and SwingMax.
In Q1 2026, revenue increased by 9.60% YoY to $1.07 billion, net income rose by 10.51% YoY to $41.18 million, and EPS grew by 12.69% YoY to 1.51. However, gross margin dropped by 3.88% YoY to 9.92%, which could indicate cost pressures.
Analysts have raised price targets, with Benchmark increasing the target to $220 and maintaining a Buy rating, citing strong demand momentum and better-than-expected guidance. Stifel raised the target to $200 but maintains a Hold rating, citing balanced risk/reward at current valuation.
