Flex jumps as Stifel lifts price target to $95 on margin strength
Flex shares rose about 3% as Stifel boosted its price target to $95 from $75 and reiterated a Buy rating. The upgrade cited margin strength and continued data-center growth of more than 35% in fiscal 2026.
1. What’s moving the stock
Flex Ltd. (FLEX) traded higher Friday, up roughly 3%, after Stifel raised its price target on the stock to $95 from $75 and maintained a Buy rating. The call highlighted improving profitability and momentum in Flex’s higher-value programs, especially in data-center-related manufacturing and power/cooling infrastructure.
2. The fundamentals behind the move
The price-target increase leans on evidence that Flex is executing on margin expansion sooner than expected, including a record 6.5% adjusted operating margin that reached a long-term goal a year ahead of schedule. Bulls are also pointing to the company’s data center business growing more than 35% in fiscal 2026, a trend tied to ongoing buildouts in AI and cloud infrastructure.
3. What comes next
The next scheduled catalyst is Flex’s fourth-quarter and full-year fiscal 2026 results, which the company plans to release before the market opens on May 6, 2026. With the stock at $90.03, investors will focus on whether management can sustain elevated margins, translate data-center demand into durable multi-quarter growth, and provide outlook that supports higher valuation levels.