Flex (FLEX) Stock Forecast, Price Target & Predictions
FLEX Stock Forecast
Flex stock forecast is as follows: an average price target of $37.25 (represents a -6.48% downside from FLEX’s last price of $39.83) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
FLEX Price Target
The average price target for Flex (FLEX) is $37.25 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $24.00. This represents a potential -6.48% downside from FLEX's last price of $39.83.
FLEX Analyst Ratings
According to 5 Wall Street analysts, Flex's rating consensus is 'Buy'. The analyst rating breakdown for FLEX stock is 0 'Strong Buy' (0.00%), 5 '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 |
|---|---|---|---|---|---|---|
| Oct 31, 2024 | Christian Schwab | Craig-Hallum | $45.00 | $34.67 | 29.80% | 12.98% |
| Oct 21, 2024 | Steve Barger | KeyBanc | $41.00 | $34.39 | 19.22% | 2.94% |
| Oct 17, 2024 | Mark Delaney | Goldman Sachs | $39.00 | $34.90 | 11.75% | -2.08% |
| Jul 25, 2024 | Christian Schwab | Craig-Hallum | $39.00 | $31.76 | 22.80% | -2.08% |
| May 02, 2024 | Christian Schwab | Craig-Hallum | $27.00 | $26.34 | 2.51% | -32.21% |
| Dec 13, 2022 | Mark Delaney | Industrial Alliance Securities | $24.00 | $23.15 | 3.67% | -39.74% |
| Jun 07, 2022 | Mark Delaney | Goldman Sachs | $21.00 | $17.38 | 20.83% | -47.28% |
The latest Flex stock forecast, released on Oct 31, 2024 by Christian Schwab from Craig-Hallum, set a price target of $45.00, which represents a 29.80% increase from the stock price at the time of the forecast ($34.67), and a 12.98% increase from FLEX last price ($39.83).
Flex Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 3 | 5 |
| Avg Price Target | $43.00 | $41.67 | $38.20 |
| Last Closing Price | $39.83 | $39.83 | $39.83 |
| Upside/Downside | 7.96% | 4.62% | -4.09% |
In the current month, the average price target of Flex stock is $43.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 7.96% increase as opposed to Flex's last price of $39.83. This month's average price target is up 3.19% compared to last quarter, and up 12.57% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Oct 21, 2024 | KeyBanc | - | Overweight | Initialise |
| Oct 17, 2024 | Goldman Sachs | Buy | Buy | Hold |
| 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 Oct 31, 2024. The company gave FLEX a "Buy" rating, the same as its previous rate.
Flex Financial Forecast
Flex Revenue Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.10B | $7.47B | - | $7.48B | $7.76B | $7.77B | $7.35B | $6.85B | $6.62B | $6.23B | $6.34B | $6.27B | $6.72B | $5.99B | $5.15B | $5.48B | $6.46B |
| Avg Forecast | $6.60B | $6.64B | $7.07B | $6.78B | $6.74B | $6.75B | $6.71B | $6.43B | $6.16B | $6.20B | $6.53B | $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 |
| High Forecast | $6.70B | $6.75B | $7.17B | $6.88B | $6.84B | $6.85B | $6.82B | $6.53B | $6.50B | $6.30B | $6.53B | $5.90B | $6.10B | $6.74B | $7.55B | $7.39B | $7.33B | $7.64B | $7.20B | $6.81B | $6.44B | $6.33B | $6.34B | $6.14B | $5.82B | $6.23B | $5.55B | $4.93B | $5.47B | $6.15B |
| Low Forecast | $6.55B | $6.59B | $7.01B | $6.72B | $6.68B | $6.70B | $6.66B | $6.38B | $6.02B | $6.19B | $6.52B | $5.90B | $6.10B | $6.69B | $7.49B | $7.22B | $7.17B | $7.46B | $7.20B | $6.81B | $6.44B | $6.33B | $6.34B | $6.14B | $5.82B | $6.23B | $5.55B | $4.93B | $5.47B | $6.15B |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 5 | 2 | 1 | 1 | 3 | 7 | 3 | 4 | 3 | 5 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 15 | 8 | 8 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 0.99% | - | 1.04% | 1.03% | 1.08% | 1.08% | 1.06% | 1.04% | 0.98% | 1.03% | 1.08% | 1.08% | 1.08% | 1.05% | 1.00% | 1.05% |
Flex's average Quarter revenue forecast for Mar 24 based on 1 analysts is $6.10B, with a low forecast of $6.10B, and a high forecast of $6.10B. 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 27 | Dec 26 | Sep 26 | Jun 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 5 | 2 | 1 | 1 | 3 | 7 | 3 | 4 | 3 | 5 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 15 | 8 | 8 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $503.00M | $503.00M | - | $404.00M | $445.00M | $448.00M | $396.00M | $356.00M | $356.00M | $623.00M | $373.00M | $395.00M | $420.00M | $380.79M | $256.97M | $299.09M | $349.10M |
| Avg Forecast | $326.13M | $328.51M | $349.32M | $334.98M | $332.98M | $333.58M | $331.92M | $317.79M | $304.50M | $306.57M | $322.75M | $291.87M | $285.51M | $332.39M | $371.78M | $359.72M | $305.36M | $275.51M | $392.21M | $371.21M | $277.60M | $345.06M | $345.54M | $334.58M | $252.36M | $339.45M | $302.38M | $268.44M | $249.24M | $335.15M |
| High Forecast | $331.16M | $333.57M | $354.70M | $340.14M | $338.11M | $338.71M | $337.03M | $322.68M | $321.47M | $311.29M | $323.02M | $291.87M | $342.61M | $333.38M | $373.44M | $365.26M | $366.43M | $330.62M | $392.21M | $371.21M | $333.12M | $345.06M | $345.54M | $334.58M | $302.83M | $339.45M | $302.38M | $268.44M | $299.09M | $335.15M |
| Low Forecast | $323.65M | $326.00M | $346.66M | $332.43M | $330.44M | $331.03M | $329.39M | $315.37M | $297.71M | $306.08M | $322.48M | $291.87M | $228.41M | $330.91M | $370.15M | $356.98M | $244.29M | $220.41M | $392.21M | $371.21M | $222.08M | $345.06M | $345.54M | $334.58M | $201.89M | $339.45M | $302.38M | $268.44M | $199.39M | $335.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.51% | 1.35% | - | 1.32% | 1.62% | 1.14% | 1.07% | 1.28% | 1.03% | 1.80% | 1.11% | 1.57% | 1.24% | 1.26% | 0.96% | 1.20% | 1.04% |
1 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 27 | Dec 26 | Sep 26 | Jun 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 5 | 2 | 1 | 1 | 3 | 7 | 3 | 4 | 3 | 5 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 15 | 8 | 8 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $197.00M | $228.00M | - | $363.00M | $230.00M | $232.00M | $189.00M | $168.00M | $227.00M | $336.00M | $206.00M | $240.00M | $208.00M | $113.00M | $51.82M | $48.26M | $111.39M |
| Avg Forecast | $308.00M | $304.00M | $332.00M | $312.00M | $292.67M | $287.33M | $280.50M | $252.50M | $264.44M | $252.89M | $227.91M | $164.68M | $173.47M | $179.23M | $168.42M | $148.06M | $185.53M | $171.82M | $152.89M | $143.18M | $168.67M | $124.64M | $120.83M | $112.42M | $153.33M | $110.63M | $81.51M | $50.58M | $40.22M | $100.72M |
| High Forecast | $314.16M | $310.08M | $338.64M | $318.24M | $298.53M | $293.08M | $286.12M | $257.56M | $268.51M | $256.90M | $228.07M | $164.74M | $208.17M | $185.01M | $177.13M | $151.02M | $222.64M | $206.18M | $152.89M | $143.18M | $202.40M | $124.64M | $120.83M | $112.42M | $184.00M | $110.63M | $81.51M | $50.58M | $48.26M | $100.72M |
| Low Forecast | $304.95M | $300.99M | $328.71M | $308.91M | $289.77M | $284.49M | $277.72M | $250.00M | $260.38M | $250.38M | $227.76M | $164.62M | $138.78M | $176.34M | $165.52M | $146.59M | $148.43M | $137.45M | $152.89M | $143.18M | $134.93M | $124.64M | $120.83M | $112.42M | $122.67M | $110.63M | $81.51M | $50.58M | $32.17M | $100.72M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.35% | - | 1.96% | 1.34% | 1.52% | 1.32% | 1.00% | 1.82% | 2.78% | 1.83% | 1.57% | 1.88% | 1.39% | 1.02% | 1.20% | 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 27 | Dec 26 | Sep 26 | Jun 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 5 | 2 | 1 | 1 | 3 | 7 | 3 | 4 | 3 | 5 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 15 | 8 | 8 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $264.00M | $272.00M | - | $266.00M | $243.00M | $245.00M | $241.00M | $254.00M | $225.00M | $213.00M | $201.00M | $211.00M | $222.00M | $193.00M | $190.72M | $201.27M | $217.90M |
| Avg Forecast | $224.65M | $226.28M | $240.62M | $230.74M | $229.36M | $229.78M | $228.63M | $218.90M | $209.75M | $211.17M | $222.32M | $201.04M | $152.51M | $228.96M | $256.09M | $247.78M | $163.11M | $170.30M | $245.18M | $232.06M | $148.29M | $215.71M | $216.00M | $209.15M | $134.81M | $212.20M | $189.02M | $167.81M | $180.39M | $209.51M |
| High Forecast | $228.11M | $229.77M | $244.33M | $234.30M | $232.90M | $233.31M | $232.15M | $222.27M | $221.44M | $214.43M | $222.51M | $201.04M | $183.01M | $229.64M | $257.24M | $251.60M | $195.74M | $204.36M | $245.18M | $232.06M | $177.94M | $215.71M | $216.00M | $209.15M | $161.77M | $212.20M | $189.02M | $167.81M | $216.47M | $209.51M |
| Low Forecast | $222.94M | $224.56M | $238.79M | $228.99M | $227.62M | $228.02M | $226.89M | $217.23M | $205.07M | $210.83M | $222.13M | $201.04M | $122.01M | $227.94M | $254.97M | $245.89M | $130.49M | $136.24M | $245.18M | $232.06M | $118.63M | $215.71M | $216.00M | $209.15M | $107.84M | $212.20M | $189.02M | $167.81M | $144.31M | $209.51M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.06% | - | 1.63% | 1.43% | 1.00% | 1.04% | 1.71% | 1.04% | 0.99% | 0.96% | 1.57% | 1.05% | 1.02% | 1.14% | 1.12% | 1.04% |
Flex's average Quarter SG&A projection for Mar 24 is $152.51M, based on 1 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 27 | Dec 26 | Sep 26 | Jun 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 5 | 2 | 1 | 1 | 3 | 7 | 3 | 4 | 3 | 5 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 15 | 8 | 8 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.45 | $0.51 | - | $0.80 | $0.51 | $0.51 | $0.41 | $0.36 | $0.49 | $0.69 | $0.41 | $0.47 | $0.41 | $0.22 | $0.10 | $0.10 | $0.22 |
| Avg Forecast | $0.77 | $0.76 | $0.83 | $0.78 | $0.73 | $0.72 | $0.70 | $0.63 | $0.66 | $0.63 | $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 |
| High Forecast | $0.79 | $0.78 | $0.85 | $0.80 | $0.75 | $0.73 | $0.72 | $0.64 | $0.67 | $0.64 | $0.57 | $0.41 | $0.55 | $0.46 | $0.44 | $0.38 | $0.38 | $0.45 | $0.37 | $0.35 | $0.32 | $0.30 | $0.29 | $0.27 | $0.26 | $0.27 | $0.20 | $0.12 | $0.18 | $0.25 |
| Low Forecast | $0.76 | $0.75 | $0.82 | $0.77 | $0.72 | $0.71 | $0.69 | $0.63 | $0.65 | $0.63 | $0.57 | $0.41 | $0.55 | $0.44 | $0.41 | $0.37 | $0.37 | $0.43 | $0.37 | $0.35 | $0.32 | $0.30 | $0.29 | $0.27 | $0.26 | $0.27 | $0.20 | $0.12 | $0.18 | $0.25 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.21% | - | 2.15% | 1.17% | 1.37% | 1.18% | 1.12% | 1.62% | 2.35% | 1.50% | 1.80% | 1.52% | 1.11% | 0.84% | 0.57% | 0.90% |
According to 1 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 $0.55. 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 |
|---|---|---|---|---|---|
| MEI | Methode Electronics | $9.03 | $12.50 | 38.43% | Hold |
| APH | Amphenol | $70.89 | $92.85 | 30.98% | Buy |
| OSIS | OSI Systems | $159.19 | $176.00 | 10.56% | Buy |
| JBL | Jabil | $128.18 | $131.50 | 2.59% | Buy |
| VICR | Vicor | $53.87 | $54.00 | 0.24% | Hold |
| FLEX | Flex | $39.83 | $37.25 | -6.48% | Buy |
| FN | Fabrinet | $226.30 | $182.14 | -19.51% | Hold |
| SANM | Sanmina | $77.58 | $62.00 | -20.08% | Buy |
| PLXS | Plexus | $156.65 | $119.00 | -24.03% | Buy |
| CLS | Celestica | $86.98 | $65.50 | -24.70% | Buy |
| BHE | Benchmark Electronics | $47.04 | $34.00 | -27.72% | Buy |