Flex shares jump as Stifel lifts price target to $95 on margin strength
Flex Ltd. (FLEX) is rising after Stifel raised its price target to $95 from $75 and reiterated a Buy rating. The upgrade cited stronger-than-expected margin performance and continued rapid growth in Flex’s data center business, supporting a higher earnings outlook.
1. What’s moving the stock
Flex Ltd. shares are trading higher today as investors react to a bullish analyst move: Stifel increased its price target to $95 from $75 while maintaining a Buy rating. The call points to improving profitability and business mix, helping extend recent momentum in the stock. (m.investing.com)
2. Why the thesis is changing
The upgrade emphasizes margin strength, with Flex highlighted for reaching a key profitability milestone ahead of schedule. Stifel also pointed to the company’s data center business growing more than 35% in fiscal 2026, reinforcing the view that higher-value programs are lifting the longer-term earnings profile. (m.investing.com)
3. What investors will watch next
After the price-target reset, the next catalyst is whether Flex can keep expanding margins while sustaining data center-led growth as customer spending cycles fluctuate. Investors will also watch for follow-on estimate revisions from other analysts and whether the stock can hold near recent highs without a pullback. (investor.wedbush.com)