Flex (FLEX)

We are raising our target on the shares of Flex (FLEX; $159.43; O/P) from $160 to $200 to reflect how investors likely consider valuation in coming quarters on a sum-of-the-parts (SOTP) due to recently announced…

We raise our target on the shares of Flex (FLEX; $134.73) from $115, admittedly just set yesterday, to $160 while sticking with our Outperform after the stock rose a remarkable 40% yesterday off the company’s…

Last night, Flex (FLEX; $96.45; O/P) stunned the Street with news that its Board approved plans to spin off its Cloud & Power Infrastructure (CPI) portfolio, thereby creating two independent, publicly traded companies in a…

We reiterate our Outperform and raise our target from $75 to $95 on the shares of Flex (FLEX; $85.90) ahead of its FQ4 (Mar) results and guidance, scheduled for May 6th (before market). We expect…

This morning, Flex (FLEX; $60.76; O/P) announced it was adding to its critical power portfolio with a definitive agreement to acquire Electrical Power Products (EPP) for $1.1B in an all cash transaction, which is before…

This morning, Flex (FLEX; $64.12; O/P) announced it was expanding on a strategic collaboration with Advanced Micro Devices (AMD; $197.08; NR) to manufacture the complete AMD Instinct platform in the United States. Flex noted that…

The shares of Flex (FLEX; $55.66; O/P) are down 16% today despite what we think was a healthy FQ3 (Dec) “beat and raise”, especially when it comes to recent operating margin expansion. Admittedly, it is…

Flex (FLEX; $65.99; O/P) reported FQ3 (Dec) adjusted EPS of $0.87, which was well ahead of our consensus matching $0.78 on sales of $7,058mm that also comfortably beat our $6,900mm and the Street’s $6,829mm. By…

We reiterate our Outperform and $80 target on the shares of Flex (FLEX; $63.75) ahead of the company’s FQ3 (Mar) results and outlook, scheduled for next Wednesday (2/4 before market). In fact, we think Flex’s…

We think a series of recent supply chain data points further highlight how the Power Solutions business at Flex (FLEX; $68.27; O/P) should prove especially critical to several of the world’s largest cloud service providers…

We raise our F2026/F2027E (Mar) EPS for Flex (FLEX; $66.10; O/P) from $3.00/$3.30 to $3.13/$3.40 (+18% and +9% YoY) after the company comfortably beat our and consensus FQ2 (Sept) expectations, provided FQ3 (Dec) guidance that…

We expect Flex (FLEX; $63.89; O/P) to produce a substantive “beat and raise” with its FQ2 (Sept) results and outlook, scheduled for next Wednesday (10/29 before market), led by ongoing demand momentum within cloud data…

We reiterate our Outperform and bump up our target from $65 to $70 on the shares of Flex (FLEX; $63.60; O/P) after hosting an investor meeting yesterday (10/15) at the Open Compute Project (OCP) Global…

Yesterday (9/23), Flex (FLEX; $58.05; O/P) announced it is expanding its data center cooling portfolio with the launch of a new modular rack-level coolant distribution unit (CDU), which we think provides further support for the…

Yesterday (9/16), Flex’s (FLEX; $56.54; O/P) Power Modules subsidiary, a producer of advanced printed circuit board (PCB) mounted DC/DC converters, announced it is partnering with Renesas Electronics (6723.JP; ¥1,749.50; NR) to produce next-generation board-mounted power…