Stifel analyst Ruben Roy has revised the price target for Plexus (PLXS, Financial), adjusting it downward from $152 to $145. Despite this reduction, the analyst maintains a Hold rating for the shares. The decision follows the company's recent second-quarter performance report.
Stifel continues to express confidence in Plexus' operational strategies, particularly its efforts to increase market share while prioritizing margin and cash flow improvements. This assessment comes even as the company navigates a difficult macroeconomic environment.
The adjusted price target is attributed to a broader trend of industry-wide multiple compression, which has influenced Stifel's revised valuation outlook for Plexus.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Plexus Corp (PLXS, Financial) is $159.80 with a high estimate of $172.00 and a low estimate of $140.00. The average target implies an upside of 27.68% from the current price of $125.16. More detailed estimate data can be found on the Plexus Corp (PLXS) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Plexus Corp's (PLXS, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" 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 Plexus Corp (PLXS, Financial) in one year is $110.44, suggesting a downside of 11.76% from the current price of $125.16. 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 Plexus Corp (PLXS) Summary page.
