Flex (FLEX) Stock Forecast, Price Target & Predictions
FLEX Stock Forecast
Flex stock forecast is as follows: an average price target of $28.00 (represents a -9.24% downside from FLEX’s last price of $30.85) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
FLEX Price Target
The average price target for Flex (FLEX) is $28.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $39.00 to $21.00. This represents a potential -9.24% downside from FLEX's last price of $30.85.
FLEX Analyst Ratings
According to 4 Wall Street analysts, Flex's rating consensus is 'Buy'. The analyst rating breakdown for FLEX stock is 0 'Strong Buy' (0.00%), 4 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Flex Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 25, 2024 | Christian Schwab | Craig-Hallum | $39.00 | $31.76 | 22.80% | 26.42% |
| May 02, 2024 | Christian Schwab | Craig-Hallum | $27.00 | $26.34 | 2.51% | -12.48% |
| Dec 13, 2022 | Mark Delaney | Industrial Alliance Securities | $24.00 | $23.15 | 3.67% | -22.20% |
| Jun 07, 2022 | Mark Delaney | Goldman Sachs | $21.00 | $17.38 | 20.83% | -31.93% |
The latest Flex stock forecast, released on Jul 25, 2024 by Christian Schwab from Craig-Hallum, set a price target of $39.00, which represents a 22.80% increase from the stock price at the time of the forecast ($31.76), and a 26.42% increase from FLEX last price ($30.85).
Flex Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $39.00 | $33.00 |
| Last Closing Price | $30.85 | $30.85 | $30.85 |
| Upside/Downside | -100.00% | 26.42% | 6.97% |
In the current month, the average price target of Flex stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Flex's last price of $30.85. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 25, 2024 | Craig-Hallum | Hold | Buy | Upgrade |
| Jul 25, 2024 | Barclays | Overweight | Overweight | Hold |
| May 02, 2024 | Craig-Hallum | - | Hold | Downgrade |
| Dec 13, 2022 | Goldman Sachs | Buy | Buy | Hold |
| Jun 07, 2022 | Goldman Sachs | Buy | Buy | Hold |
| May 18, 2022 | Citigroup | - | Buy | Upgrade |
Flex's last stock rating was published by Craig-Hallum on Jul 25, 2024. The company Upgrade its FLEX rating from "Hold" to "Buy".
Flex Financial Forecast
Flex Revenue Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $7.10B | $7.47B | - | $7.48B | $7.76B | $7.77B | - | $6.85B | $6.62B | $6.23B | $6.34B | $6.27B | $6.72B | $5.99B | $5.15B | $5.48B | $6.46B | $6.09B | $6.18B | $6.13B | $6.94B |
| Avg Forecast | $6.87B | $6.95B | $6.92B | $6.62B | $6.53B | $6.58B | $6.54B | $5.90B | $6.10B | $6.72B | $7.52B | $7.28B | $7.22B | $7.52B | $7.20B | $6.81B | $6.44B | $6.33B | $6.34B | $6.14B | $5.82B | $6.23B | $5.55B | $4.93B | $5.47B | $6.15B | $6.29B | $6.24B | $6.43B | $6.31B |
| High Forecast | $6.98B | $7.06B | $7.02B | $6.72B | $6.63B | $6.68B | $6.55B | $5.99B | $6.19B | $6.74B | $7.55B | $7.39B | $7.33B | $7.64B | $7.31B | $6.81B | $6.55B | $6.45B | $6.46B | $6.25B | $5.93B | $6.34B | $5.65B | $5.02B | $5.57B | $6.26B | $6.40B | $6.35B | $6.54B | $7.57B |
| Low Forecast | $6.83B | $6.91B | $6.87B | $6.58B | $6.49B | $6.53B | $6.53B | $5.87B | $6.06B | $6.69B | $7.49B | $7.23B | $7.17B | $7.47B | $7.15B | $6.81B | $6.26B | $6.16B | $6.17B | $5.98B | $5.67B | $6.06B | $5.40B | $4.79B | $5.32B | $5.99B | $6.12B | $6.07B | $6.25B | $5.05B |
| # Analysts | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 3 | 7 | 4 | 5 | 4 | 5 | 2 | 3 | 4 | 5 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.06% | 0.99% | - | 1.04% | 1.03% | 1.08% | - | 1.06% | 1.04% | 0.98% | 1.03% | 1.08% | 1.08% | 1.08% | 1.05% | 1.00% | 1.05% | 0.97% | 0.99% | 0.95% | 1.10% |
Flex's average Quarter revenue forecast for Mar 24 based on 2 analysts is $6.10B, with a low forecast of $6.06B, and a high forecast of $6.19B. FLEX's average Quarter revenue forecast represents a -14.12% decrease compared to the company's last Quarter revenue of $7.10B (Dec 23).
Flex EBITDA Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 3 | 7 | 4 | 5 | 4 | 5 | 2 | 3 | 4 | 5 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | $503.00M | $503.00M | - | $404.00M | $445.00M | $448.00M | - | $356.00M | $356.00M | $623.00M | $373.00M | $395.00M | $420.00M | $380.79M | $256.97M | $299.09M | $349.10M | $109.63M | $294.70M | $230.16M | $260.28M |
| Avg Forecast | $374.39M | $378.75M | $376.86M | $360.81M | $355.84M | $358.27M | $356.24M | $321.61M | $285.51M | $366.26M | $409.66M | $396.37M | $305.36M | $409.70M | $237.36M | $371.21M | $277.60M | $294.67M | $327.46M | $317.07M | $252.36M | $283.78M | $253.86M | $166.28M | $249.24M | $308.03M | $109.63M | $294.70M | $230.16M | $235.09M |
| High Forecast | $380.07M | $384.50M | $382.58M | $366.29M | $361.24M | $363.70M | $356.78M | $326.49M | $342.61M | $367.35M | $411.50M | $402.39M | $366.43M | $415.92M | $284.83M | $371.21M | $333.12M | $353.60M | $333.41M | $322.84M | $302.83M | $340.54M | $304.63M | $199.53M | $299.09M | $369.63M | $131.55M | $353.64M | $276.20M | $282.11M |
| Low Forecast | $371.95M | $376.28M | $374.41M | $358.46M | $353.52M | $355.94M | $355.69M | $319.51M | $228.41M | $364.63M | $407.87M | $393.79M | $244.29M | $407.03M | $189.88M | $371.21M | $222.08M | $235.73M | $318.60M | $308.50M | $201.89M | $227.03M | $203.09M | $133.02M | $199.39M | $246.42M | $87.70M | $235.76M | $184.13M | $188.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.37% | 1.23% | - | 1.32% | 1.09% | 1.89% | - | 1.28% | 1.21% | 1.90% | 1.18% | 1.57% | 1.48% | 1.50% | 1.55% | 1.20% | 1.13% | 1.00% | 1.00% | 1.00% | 1.11% |
2 analysts predict FLEX's average Quarter EBITDA for Mar 24 to be $285.51M, with a high of $342.61M and a low of $228.41M. This is -43.24% lower than Flex's previous annual EBITDA (Dec 23) of $503.00M.
Flex Net Income Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 3 | 7 | 4 | 5 | 4 | 5 | 2 | 3 | 4 | 5 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | $197.00M | $228.00M | - | $363.00M | $230.00M | $232.00M | - | $168.00M | $227.00M | $336.00M | $206.00M | $240.00M | $208.00M | $113.00M | $51.82M | $48.26M | $111.39M | $-116.94M | $44.87M | $-64.35M | $-45.17M |
| Avg Forecast | $302.08M | $301.06M | $285.64M | $263.73M | $283.59M | $266.64M | $233.24M | $169.21M | $173.47M | $184.16M | $173.05M | $152.13M | $185.53M | $179.67M | $70.44M | $148.06M | $168.67M | $183.76M | $128.18M | $119.26M | $153.33M | $140.54M | $75.33M | $33.53M | $40.22M | $98.28M | $-116.94M | $44.87M | $-64.35M | $-40.80M |
| High Forecast | $308.04M | $307.00M | $291.28M | $268.93M | $289.18M | $271.90M | $237.34M | $172.55M | $208.17M | $190.10M | $182.00M | $155.13M | $222.64M | $183.21M | $84.52M | $148.06M | $202.40M | $220.51M | $131.21M | $122.08M | $184.00M | $168.65M | $90.40M | $40.24M | $48.26M | $117.94M | $-93.55M | $53.85M | $-51.48M | $-32.64M |
| Low Forecast | $299.53M | $298.51M | $283.23M | $261.49M | $281.19M | $264.38M | $229.15M | $167.78M | $138.78M | $181.19M | $170.07M | $150.84M | $148.43M | $178.15M | $56.35M | $148.06M | $134.93M | $147.01M | $123.67M | $115.07M | $122.67M | $112.43M | $60.27M | $26.82M | $32.17M | $78.63M | $-140.33M | $35.90M | $-77.22M | $-48.96M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.07% | 1.32% | - | 1.96% | 1.28% | 3.29% | - | 1.00% | 1.24% | 2.62% | 1.73% | 1.57% | 1.48% | 1.50% | 1.55% | 1.20% | 1.13% | 1.00% | 1.00% | 1.00% | 1.11% |
Flex's average Quarter net income forecast for Mar 24 is $173.47M, with a range of $138.78M to $208.17M. FLEX's average Quarter net income forecast represents a -11.94% decrease compared to the company's last Quarter net income of $197.00M (Dec 23).
Flex SG&A Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 3 | 7 | 4 | 5 | 4 | 5 | 2 | 3 | 4 | 5 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | $264.00M | $272.00M | - | $266.00M | $243.00M | $245.00M | - | $254.00M | $225.00M | $213.00M | $201.00M | $211.00M | $222.00M | $193.00M | $190.72M | $201.27M | $217.90M | $205.31M | $209.62M | $230.47M | $237.56M |
| Avg Forecast | $234.04M | $236.77M | $235.59M | $225.55M | $222.44M | $223.96M | $222.69M | $201.04M | $152.51M | $228.96M | $256.09M | $247.78M | $163.11M | $256.12M | $120.30M | $232.06M | $148.29M | $182.14M | $217.69M | $210.78M | $134.81M | $150.00M | $128.67M | $123.41M | $180.39M | $206.03M | $353.39M | $288.46M | $247.81M | $232.91M |
| High Forecast | $237.59M | $240.36M | $239.16M | $228.97M | $225.82M | $227.36M | $223.03M | $204.10M | $183.01M | $229.64M | $257.24M | $251.54M | $195.74M | $260.00M | $144.36M | $232.06M | $177.94M | $218.57M | $221.64M | $214.62M | $161.77M | $180.00M | $154.40M | $148.09M | $216.47M | $247.24M | $424.07M | $346.15M | $297.37M | $279.49M |
| Low Forecast | $232.52M | $235.22M | $234.05M | $224.08M | $221.00M | $222.50M | $222.35M | $199.74M | $122.01M | $227.94M | $254.97M | $246.17M | $130.49M | $254.45M | $96.24M | $232.06M | $118.63M | $145.71M | $211.80M | $205.08M | $107.84M | $120.00M | $102.93M | $98.73M | $144.31M | $164.82M | $282.72M | $230.77M | $198.24M | $186.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.15% | 1.06% | - | 1.63% | 0.95% | 2.04% | - | 1.71% | 1.24% | 0.98% | 0.95% | 1.57% | 1.48% | 1.50% | 1.55% | 1.12% | 1.06% | 0.58% | 0.73% | 0.93% | 1.02% |
Flex's average Quarter SG&A projection for Mar 24 is $152.51M, based on 2 Wall Street analysts, with a range of $122.01M to $183.01M. The forecast indicates a -42.23% fall compared to FLEX last annual SG&A of $264.00M (Dec 23).
Flex EPS Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 3 | 7 | 4 | 5 | 4 | 5 | 2 | 3 | 4 | 5 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | $0.45 | $0.51 | - | $0.80 | $0.51 | $0.51 | - | $0.36 | $0.49 | $0.69 | $0.41 | $0.47 | $0.41 | $0.22 | $0.10 | $0.10 | $0.22 | $-0.23 | $0.09 | $-0.12 | $-0.09 |
| Avg Forecast | $0.73 | $0.73 | $0.69 | $0.64 | $0.69 | $0.65 | $0.57 | $0.41 | $0.55 | $0.45 | $0.42 | $0.37 | $0.37 | $0.44 | $0.37 | $0.35 | $0.32 | $0.30 | $0.29 | $0.27 | $0.26 | $0.27 | $0.20 | $0.12 | $0.18 | $0.25 | $0.22 | $0.19 | $0.19 | $0.28 |
| High Forecast | $0.75 | $0.75 | $0.71 | $0.65 | $0.70 | $0.66 | $0.58 | $0.42 | $0.57 | $0.46 | $0.44 | $0.38 | $0.38 | $0.45 | $0.38 | $0.35 | $0.33 | $0.31 | $0.30 | $0.28 | $0.27 | $0.28 | $0.20 | $0.13 | $0.18 | $0.25 | $0.23 | $0.20 | $0.20 | $0.34 |
| Low Forecast | $0.73 | $0.73 | $0.69 | $0.64 | $0.68 | $0.64 | $0.56 | $0.41 | $0.55 | $0.44 | $0.41 | $0.37 | $0.37 | $0.43 | $0.37 | $0.35 | $0.31 | $0.29 | $0.28 | $0.26 | $0.25 | $0.26 | $0.19 | $0.12 | $0.17 | $0.24 | $0.21 | $0.19 | $0.19 | $0.22 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.00% | 1.21% | - | 2.15% | 1.17% | 1.37% | - | 1.12% | 1.62% | 2.35% | 1.50% | 1.80% | 1.52% | 1.11% | 0.84% | 0.57% | 0.90% | -1.04% | 0.45% | -0.62% | -0.32% |
According to 2 Wall Street analysts, Flex's projected average Quarter EPS for Mar 24 is $0.55, with a low estimate of $0.55 and a high estimate of $0.57. This represents a 23.18% increase compared to FLEX previous annual EPS of $0.45 (Dec 23).
Flex Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| VICR | Vicor | $36.89 | $65.00 | 76.20% | Hold |
| APH | Amphenol | $63.99 | $98.58 | 54.06% | Buy |
| CLS | Celestica | $46.99 | $61.50 | 30.88% | Buy |
| OSIS | OSI Systems | $144.29 | $176.50 | 22.32% | Buy |
| JBL | Jabil | $106.83 | $126.80 | 18.69% | Buy |
| MEI | Methode Electronics | $10.71 | $12.50 | 16.71% | Hold |
| FLEX | Flex | $30.85 | $28.00 | -9.24% | Buy |
| SANM | Sanmina | $68.50 | $62.00 | -9.49% | Buy |
| PLXS | Plexus | $127.84 | $109.00 | -14.74% | Buy |
| BHE | Benchmark Electronics | $43.12 | $34.00 | -21.15% | Buy |
| FN | Fabrinet | $230.89 | $173.57 | -24.83% | Hold |
FLEX Forecast FAQ
Is Flex a good buy?
Yes, according to 4 Wall Street analysts, Flex (FLEX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 100.00% of FLEX's total ratings.
What is FLEX's price target?
Flex (FLEX) average price target is $28 with a range of $21 to $39, implying a -9.24% from its last price of $30.85. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Flex stock go up soon?
According to Wall Street analysts' prediction for FLEX stock, the company can go down by -9.24% (from the last price of $30.85 to the average price target of $28), up by 26.42% based on the highest stock price target, and down by -31.93% based on the lowest stock price target.
Can Flex stock reach $50?
FLEX's average twelve months analyst stock price target of $28 does not support the claim that Flex can reach $50 in the near future.
What are Flex's analysts' financial forecasts?
Flex's analysts financial forecasts for the fiscal year (Mar 2025) are as follows: average revenue is $25.55B (high $25.85B, low $25.42B), average EBITDA is $1.39B (high $1.41B, low $1.38B), average net income is $952.68M (high $970.96M, low $942.5M), average SG&A $870.14M (high $880.31M, low $865.59M), and average EPS is $2.32 (high $2.36, low $2.29). FLEX's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $27.37B (high $27.78B, low $27.19B), average EBITDA is $1.49B (high $1.51B, low $1.48B), average net income is $1.15B (high $1.18B, low $1.14B), average SG&A $931.95M (high $946.09M, low $925.88M), and average EPS is $2.8 (high $2.86, low $2.78).
Did the FLEX's actual financial results beat the analysts' financial forecasts?
Based on Flex's last annual report (Mar 2023), the company's revenue was $30.35B, beating the average analysts forecast of $28.76B by 5.52%. Apple's EBITDA was $1.69B, beating the average prediction of $1.32B by 27.91%. The company's net income was $793M, beating the average estimation of $583.7M by 35.86%. Apple's SG&A was $995M, beating the average forecast of $771.59M by 28.95%. Lastly, the company's EPS was $1.75, beating the average prediction of $1.53 by 14.35%. In terms of the last quarterly report (Dec 2023), Flex's revenue was $7.1B, beating the average analysts' forecast of $6.72B by 5.64%. The company's EBITDA was $503M, beating the average prediction of $366.26M by 37.33%. Flex's net income was $197M, beating the average estimation of $184.16M by 6.97%. The company's SG&A was $264M, beating the average forecast of $228.96M by 15.30%. Lastly, the company's EPS was $0.45, beating the average prediction of $0.448 by 0.43%