Flex

FLEX · NASDAQ

$87.49−$0.05 (−0.06%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $87.54

FLEX analyst rating

BuyConsensus of 10 analysts over the last 12 months. 80% rate it a buy.

Strong buy0
Buy8
Hold2
Underperform0
Sell0

12-month price target · 15 analysts

Average $163.55 (+86.9% upside)

Low: $143.42
Now: $87.49
High: $189.00

Upgrades and downgrades

The latest rating actions, newest first

FLEX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Freedom Capital Markets	Sep 28, 2026	Maintains	Buy	$150.00	0%
Freedom Capital Markets	Sep 8, 2026	Maintains	Buy	$150.00	0%
Goldman Sachs	Jul 30, 2026	Maintains	Buy	$177.00 → $154.00	60%
Barclays	Jul 30, 2026	Maintains	Overweight	$203.00 → $144.00	58%
Barclays	Jun 4, 2026	Maintains	Overweight	$174.00 → $203.00	58%
Freedom Capital Markets	May 28, 2026	Initiates	Hold	$144.00	—
Goldman Sachs	May 8, 2026	Maintains	Buy	$84.00 → $177.00	60%
Barclays	May 7, 2026	Maintains	Overweight	$72.00 → $174.00	58%
Keybanc	May 7, 2026	Maintains	Overweight	$75.00 → $180.00	61%
Stifel	Apr 20, 2026	Maintains	Buy	$75.00 → $95.00	73%

The case for and against

Updated Oct 7, 2026

Bull case

Flex is viewed positively because the planned C27Q1 spin-off of its AI-focused CPI business should unlock a higher-growth, higher-margin asset that the market can value more separately from the mature EMS operations. The thesis is reinforced by strong expected revenue growth for CPI, guided at 65%+ in F27 and 80% more in F28, plus evidence of solid current profitability with 1QF27 CPI posting a 9.7% adjusted EBIT margin on $8.8B in annualized sales. The $4.4B EPC Power acquisition further strengthens the grid-to-chip portfolio and could add about $1.1B in C27 revenue at a 30% EBITDA margin, improving Flex’s positioning in AI infrastructure and supporting the bullish valuation case.

Bear case

Flex is viewed negatively because a substantial portion of its current valuation appears tied to SpinCo, and any disappointment in its timing or prospects could quickly undermine the investment thesis. The company also faces a broad set of execution risks, including business and operational issues, geopolitical and trade exposure, cybersecurity threats, financial strain, and legal or regulatory challenges. On top of that, the stock has already fallen sharply and the price chart looks weak, with technical support around $100 potentially coming into play, reinforcing a cautious outlook.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.