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 strong financial growth and positive analyst sentiment, the technical indicators are weak, insider selling has significantly increased, and there is no strong trading signal or recent news catalyst to justify immediate action. Holding or waiting for a better entry point is recommended.
The MACD is negative and expanding (-2.18), indicating bearish momentum. RSI is neutral at 35.222, and moving averages are converging, showing no clear trend. The stock is trading below the pivot level (197.213) and approaching support (S1: 188.775). Overall, the technical indicators suggest weakness in the short term.
Strong financial performance in Q1 2026 with revenue up 9.60% YoY, net income up 10.51% YoY, and EPS up 12.69% YoY. Analysts have raised price targets, with some maintaining a Buy rating due to strong demand momentum and guidance exceeding expectations.
Significant insider selling, with a 640.25% increase in the last month. The MACD and other technical indicators suggest bearish momentum. No recent news or significant hedge fund activity to support a strong buy decision.
In Q1 2026, Plexus reported revenue of $1.07 billion (up 9.60% YoY), net income of $41.18 million (up 10.51% YoY), and EPS of $1.51 (up 12.69% YoY). However, gross margin dropped to 9.92%, down 3.88% YoY.
Analysts have raised price targets, with Benchmark increasing it to $220 and maintaining a Buy rating. Stifel raised its target to $200 but kept a Hold rating, citing balanced risk/reward. Analysts are optimistic about FY26 guidance and demand momentum.
