JPMorgan has revised its price target for Flex (FLEX, Financial), reducing it from $52 to $40, but continues to maintain an Overweight rating on the company's shares. This adjustment arises from the firm's updated assessment of hardware and networking models, which now take into account the anticipated second order effects of current macroeconomic uncertainties, particularly those related to tariffs.
The revised estimates incorporate expectations of a broader economic slowdown and a consequent moderation in demand across various customer sectors. Analysts at JPMorgan predict that such a slowdown will likely result in reduced demand from both consumers and enterprise customers, including those in the telecommunications sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Flex Ltd (FLEX, Financial) is $45.46 with a high estimate of $52.00 and a low estimate of $35.00. The average target implies an upside of 46.98% from the current price of $30.93. More detailed estimate data can be found on the Flex Ltd (FLEX) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Flex Ltd's (FLEX, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Flex Ltd (FLEX, Financial) in one year is $20.76, suggesting a downside of 32.88% from the current price of $30.93. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Flex Ltd (FLEX) Summary page.
