Plexus (PLXS) Stock Forecast, Price Target & Predictions

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PLXS Stock Forecast

Plexus stock forecast is as follows: an average price target of $119.00 (represents a -26.55% downside from PLXS’s last price of $162.01) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

PLXS Price Target

The average price target for Plexus (PLXS) is $119.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $150.00 to $100.00. This represents a potential -26.55% downside from PLXS's last price of $162.01.

PLXS Analyst Ratings

Buy

According to 9 Wall Street analysts, Plexus's rating consensus is 'Buy'. The analyst rating breakdown for PLXS stock is 0 'Strong Buy' (0.00%), 5 'Buy' (55.56%), 3 'Hold' (33.33%), 1 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).

Plexus Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 01, 2024	David Williams	Williams Trading	-	-	9.72%	-7.41%
Jun 21, 2024	David Williams	Williams Trading	-	-	16.66%	-25.93%
Jul 28, 2023	James Ricchiuti	Needham	-	-	10.62%	-33.95%
Aug 29, 2022	David Williams	Williams Trading	-	-	11.38%	-35.19%
Jun 07, 2022	Adam Tindle	Raymond James	-	-	15.55%	-38.28%
Apr 29, 2022		Needham	-	-	12.59%	-42.60%

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The latest Plexus stock forecast, released on Oct 01, 2024 by David Williams from Williams Trading, set a price target of $150.00, which represents a 9.72% increase from the stock price at the time of the forecast ($136.71), and a -7.41% decrease from PLXS last price ($162.01).

Plexus Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	2
Avg Price Target	-	$150.00	$135.00
Last Closing Price	$162.01	$162.01	$162.01
Upside/Downside	-100.00%	-7.41%	-16.67%

In the current month, the average price target of Plexus stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Plexus's last price of $162.01. 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
Oct 21, 2024	KeyBanc		Sector Weight	Initialise
Oct 21, 2024	Williams Capital	Underperform	Underperform	Hold
Oct 21, 2024	Williams Financial	Buy	Buy	Hold
Oct 01, 2024	Benchmark	Buy	Buy	Hold
Jul 29, 2024	Benchmark	Buy	Buy	Hold
Jun 21, 2024	Benchmark	Buy	Buy	Hold
Mar 08, 2024	Williams Financial	Buy	Buy	Hold
Jan 18, 2024	Sidoti & Co.	Buy	Buy	Hold
Oct 27, 2023	Cowen & Co.		Neutral	Downgrade
Oct 27, 2023	Citigroup		Sell	Downgrade

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Plexus's last stock rating was published by KeyBanc on Oct 21, 2024. The company Initialise its PLXS rating from "null" to "Sector Weight".

Plexus Financial Forecast

Plexus Revenue Forecast

	Sep 27	Jun 27	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
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$982.61M	$1.02B	$1.02B	$1.07B	$1.09B	$1.12B	$981.34M	$888.72M	$830.36M	$843.24M	$814.39M	$880.88M	$852.41M	$913.23M	$857.39M
Avg Forecast	$1.23B	$1.25B	$1.23B	$1.22B	$1.20B	$1.17B	$1.14B	$1.13B	$1.13B	$1.07B	$1.02B	$981.99M	$1.01B	$981.32M	$950.75M	$982.57M	$1.02B	$1.02B	$1.05B	$1.11B	$1.01B	$909.37M	$840.63M	$821.35M	$897.13M	$797.99M	$882.75M	$832.96M	$874.90M	$803.50M
High Forecast	$1.24B	$1.26B	$1.23B	$1.23B	$1.21B	$1.18B	$1.15B	$1.14B	$1.13B	$1.08B	$1.03B	$984.43M	$1.01B	$981.32M	$957.84M	$999.83M	$1.02B	$1.03B	$1.05B	$1.12B	$1.01B	$909.37M	$840.63M	$821.35M	$897.13M	$797.99M	$882.75M	$832.96M	$874.90M	$803.50M
Low Forecast	$1.23B	$1.25B	$1.22B	$1.21B	$1.19B	$1.16B	$1.14B	$1.12B	$1.12B	$1.06B	$1.02B	$979.54M	$1.01B	$981.32M	$943.98M	$973.20M	$1.02B	$1.02B	$1.04B	$1.10B	$1.01B	$909.37M	$840.63M	$821.35M	$897.13M	$797.99M	$882.75M	$832.96M	$874.90M	$803.50M
# Analysts	3	3	3	3	3	3	3	2	2	2	4	4	3	2	2	3	6	3	3	2	3	3	3	3	3	3	3	3	7	7
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00%	1.00%	1.00%	1.02%	0.99%	1.12%	1.08%	1.06%	1.01%	0.94%	1.02%	1.00%	1.02%	1.04%	1.07%

Plexus's average Quarter revenue forecast for Mar 24 based on 2 analysts is $950.75M, with a low forecast of $943.98M, and a high forecast of $957.84M. PLXS's average Quarter revenue forecast represents a -3.24% decrease compared to the company's last Quarter revenue of $982.61M (Dec 23).

Plexus EBITDA Forecast

	Sep 27	Jun 27	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
# Analysts	3	3	3	3	3	3	3	2	2	2	4	4	3	2	2	3	6	3	3	2	3	3	3	3	3	3	3	3	7	7
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$45.16M	$54.53M	$48.70M	$56.09M	$56.33M	$62.49M	$47.20M	$34.65M	$60.56M	$57.82M	$51.22M	$66.09M	$52.37M	$64.11M	$59.90M
Avg Forecast	$75.87M	$77.12M	$75.32M	$74.86M	$73.67M	$71.93M	$70.35M	$69.29M	$69.20M	$65.71M	$62.57M	$60.37M	$61.96M	$60.33M	$76.33M	$60.41M	$62.68M	$62.98M	$69.40M	$60.72M	$48.59M	$43.86M	$63.09M	$39.61M	$43.27M	$38.48M	$57.35M	$40.17M	$42.19M	$38.75M
High Forecast	$76.44M	$77.70M	$75.88M	$75.41M	$74.22M	$72.47M	$70.88M	$69.81M	$69.71M	$66.20M	$63.20M	$60.52M	$62.00M	$60.33M	$91.60M	$61.47M	$62.71M	$63.45M	$83.27M	$72.86M	$48.59M	$43.86M	$75.70M	$39.61M	$43.27M	$38.48M	$68.82M	$40.17M	$42.19M	$38.75M
Low Forecast	$75.33M	$76.57M	$74.79M	$74.32M	$73.14M	$71.42M	$69.85M	$68.80M	$68.71M	$65.24M	$62.44M	$60.22M	$61.93M	$60.33M	$61.07M	$59.83M	$62.58M	$62.53M	$55.52M	$48.58M	$48.59M	$43.86M	$50.47M	$39.61M	$43.27M	$38.48M	$45.88M	$40.17M	$42.19M	$38.75M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.75%	0.87%	0.77%	0.81%	0.93%	1.29%	1.08%	0.55%	1.53%	1.34%	1.33%	1.15%	1.30%	1.52%	1.55%

2 analysts predict PLXS's average Quarter EBITDA for Mar 24 to be $76.33M, with a high of $91.60M and a low of $61.07M. This is 69.04% upper than Plexus's previous annual EBITDA (Dec 23) of $45.16M.

Plexus Net Income Forecast

	Sep 27	Jun 27	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
# Analysts	3	3	3	3	3	3	3	2	2	2	4	4	3	2	2	3	6	3	3	2	3	3	3	3	3	3	3	3	7	7
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$29.21M	$40.26M	$15.80M	$40.84M	$42.19M	$50.46M	$37.49M	$26.87M	$36.20M	$33.34M	$27.61M	$41.76M	$31.01M	$37.70M	$35.84M
Avg Forecast	$57.23M	$57.79M	$53.90M	$56.12M	$56.40M	$56.03M	$52.32M	$52.42M	$53.78M	$48.74M	$44.14M	$44.06M	$43.10M	$35.28M	$42.25M	$29.11M	$35.10M	$32.18M	$38.41M	$32.18M	$35.31M	$30.59M	$34.91M	$26.10M	$35.07M	$21.58M	$31.74M	$30.47M	$31.14M	$20.92M
High Forecast	$57.79M	$58.35M	$54.42M	$56.67M	$56.95M	$56.57M	$52.83M	$52.93M	$54.30M	$49.21M	$44.56M	$44.61M	$43.32M	$36.81M	$50.70M	$29.39M	$35.38M	$32.65M	$46.09M	$38.62M	$35.31M	$31.32M	$41.90M	$26.10M	$35.31M	$21.58M	$38.09M	$30.47M	$31.14M	$20.92M
Low Forecast	$56.70M	$57.25M	$53.40M	$55.60M	$55.88M	$55.51M	$51.84M	$51.93M	$53.28M	$48.29M	$43.73M	$43.22M	$42.89M	$33.76M	$33.80M	$28.83M	$34.82M	$31.71M	$30.72M	$25.74M	$35.31M	$29.85M	$27.93M	$26.10M	$34.82M	$21.58M	$25.39M	$30.47M	$31.14M	$20.92M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00%	1.15%	0.49%	1.06%	1.31%	1.43%	1.23%	0.77%	1.39%	0.95%	1.28%	1.32%	1.02%	1.21%	1.71%

Plexus's average Quarter net income forecast for Mar 24 is $42.25M, with a range of $33.80M to $50.70M. PLXS's average Quarter net income forecast represents a 44.61% increase compared to the company's last Quarter net income of $29.21M (Dec 23).

Plexus SG&A Forecast

	Sep 27	Jun 27	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
# Analysts	3	3	3	3	3	3	3	2	2	2	4	4	3	2	2	3	6	3	3	2	3	3	3	3	3	3	3	3	7	7
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$42.98M	$43.38M	$42.35M	$46.05M	$43.86M	$44.79M	$44.06M	$40.67M	$32.41M	$36.63M	$36.44M	$38.29M	$39.26M	$38.81M	$37.03M
Avg Forecast	$54.68M	$55.59M	$54.29M	$53.95M	$53.09M	$51.84M	$50.70M	$49.94M	$49.87M	$47.36M	$45.10M	$43.51M	$44.66M	$43.48M	$63.92M	$43.54M	$45.17M	$45.39M	$58.11M	$51.30M	$44.38M	$40.06M	$52.83M	$36.18M	$39.52M	$35.15M	$48.03M	$36.69M	$38.54M	$35.39M
High Forecast	$55.09M	$56.00M	$54.69M	$54.35M	$53.49M	$52.23M	$51.08M	$50.31M	$50.24M	$47.71M	$45.55M	$43.62M	$44.68M	$43.48M	$76.71M	$44.30M	$45.19M	$45.73M	$69.74M	$61.56M	$44.38M	$40.06M	$63.40M	$36.18M	$39.52M	$35.15M	$57.63M	$36.69M	$38.54M	$35.39M
Low Forecast	$54.29M	$55.19M	$53.90M	$53.57M	$52.72M	$51.47M	$50.34M	$49.59M	$49.52M	$47.02M	$45.00M	$43.40M	$44.63M	$43.48M	$51.14M	$43.12M	$45.11M	$45.07M	$46.49M	$41.04M	$44.38M	$40.06M	$42.26M	$36.18M	$39.52M	$35.15M	$38.42M	$36.69M	$38.54M	$35.39M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.99%	0.96%	0.93%	0.79%	0.85%	1.01%	1.10%	0.77%	0.90%	0.93%	1.04%	0.80%	1.07%	1.01%	1.05%

Plexus's average Quarter SG&A projection for Mar 24 is $63.92M, based on 2 Wall Street analysts, with a range of $51.14M to $76.71M. The forecast indicates a 48.72% rise compared to PLXS last annual SG&A of $42.98M (Dec 23).

Plexus EPS Forecast

	Sep 27	Jun 27	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
# Analysts	3	3	3	3	3	3	3	2	2	2	4	4	3	2	2	3	6	3	3	2	3	3	3	3	3	3	3	3	7	7
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.06	$1.47	$0.57	$1.48	$1.53	$1.82	$1.35	$0.96	$1.25	$1.18	$0.97	$1.45	$1.06	$1.29	$1.23
Avg Forecast	$2.06	$2.08	$1.94	$2.02	$2.03	$2.02	$1.88	$1.89	$1.94	$1.75	$1.59	$1.59	$1.55	$1.27	$0.87	$1.05	$1.26	$1.16	$1.15	$1.49	$1.27	$1.10	$0.83	$0.94	$1.26	$0.78	$1.25	$1.10	$1.12	$0.75
High Forecast	$2.08	$2.10	$1.96	$2.04	$2.05	$2.04	$1.90	$1.90	$1.95	$1.77	$1.60	$1.61	$1.56	$1.32	$0.87	$1.06	$1.27	$1.18	$1.16	$1.50	$1.27	$1.13	$0.83	$0.94	$1.27	$0.78	$1.25	$1.10	$1.12	$0.75
Low Forecast	$2.04	$2.06	$1.92	$2.00	$2.01	$2.00	$1.87	$1.87	$1.92	$1.74	$1.57	$1.56	$1.54	$1.22	$0.87	$1.04	$1.25	$1.14	$1.14	$1.47	$1.27	$1.08	$0.83	$0.94	$1.25	$0.78	$1.25	$1.10	$1.12	$0.75
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.01%	1.16%	0.49%	1.29%	1.03%	1.43%	1.23%	1.16%	1.33%	0.93%	1.25%	1.16%	0.97%	1.15%	1.63%

According to 2 Wall Street analysts, Plexus's projected average Quarter EPS for Mar 24 is $0.87, with a low estimate of $0.87 and a high estimate of $0.87. This represents a -18.08% decrease compared to PLXS previous annual EPS of $1.06 (Dec 23).

Plexus Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
MEI	Methode Electronics	-	-	19.39%	Hold
OSIS	OSI Systems	-	-	6.72%	Buy
LYTS	LSI Industries	-	-	4.37%	Buy
JBL	Jabil	-	-	0.29%	Buy
FLEX	Flex	-	-	-9.81%	Buy
SANM	Sanmina	-	-	-21.92%	Buy
CLS	Celestica	-	-	-26.54%	Buy
PLXS	Plexus	-	-	-26.55%	Buy
BHE	Benchmark Electronics	-	-	-29.42%	Buy

PLXS Forecast FAQ

Is Plexus a good buy?

Yes, according to 9 Wall Street analysts, Plexus (PLXS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 55.56% of PLXS's total ratings.

What is PLXS's price target?

Plexus (PLXS) average price target is $119 with a range of $100 to $150, implying a -26.55% from its last price of $162.01. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Plexus stock go up soon?

According to Wall Street analysts' prediction for PLXS stock, the company can go down by -26.55% (from the last price of $162.01 to the average price target of $119), down by -7.41% based on the highest stock price target, and down by -38.28% based on the lowest stock price target.

Can Plexus stock reach $200?

PLXS's average twelve months analyst stock price target of $119 does not support the claim that Plexus can reach $200 in the near future.

What are Plexus's analysts' financial forecasts?

Plexus's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $4.64B (high $4.67B, low $4.61B), average EBITDA is $285.24M (high $287.37M, low $283.21M), average net income is $217.17M (high $219.28M, low $215.16M), average SG&A $205.58M (high $207.11M, low $204.12M), and average EPS is $7.82 (high $7.89, low $7.74). PLXS's analysts financial forecasts for the fiscal year (Sep 2027) are as follows: average revenue is $4.93B (high $4.97B, low $4.9B), average EBITDA is $303.17M (high $305.43M, low $301.01M), average net income is $225.04M (high $227.22M, low $222.96M), average SG&A $218.5M (high $220.13M, low $216.95M), and average EPS is $8.1 (high $8.18, low $8.02).

Did the PLXS's actual financial results beat the analysts' financial forecasts?

Based on Plexus's last annual report (Sep 2023), the company's revenue was $4.21B, beating the average analysts forecast of $4.2B by 0.32%. Apple's EBITDA was $215.65M, missing the average prediction of $255.77M by -15.69%. The company's net income was $139.09M, beating the average estimation of $137.87M by 0.89%. Apple's SG&A was $175.64M, missing the average forecast of $199.98M by -12.17%. Lastly, the company's EPS was $5.04, missing the average prediction of $5.06 by -0.37%. In terms of the last quarterly report (Dec 2023), Plexus's revenue was $982.61M, beating the average analysts' forecast of $982.57M by 0.00%. The company's EBITDA was $45.16M, missing the average prediction of $60.41M by -25.24%. Plexus's net income was $29.22M, beating the average estimation of $29.11M by 0.37%. The company's SG&A was $42.98M, missing the average forecast of $43.54M by -1.27%. Lastly, the company's EPS was $1.06, beating the average prediction of $1.05 by 1.18%