Fintel reports that on July 27, 2023, Credit Suisse maintained coverage of Flex (NASDAQ:FLEX) with a Outperform recommendation.
Analyst Price Forecast Suggests 11.53% Upside
As of July 6, 2023, the average one-year price target for Flex is 30.09. The forecasts range from a low of 25.25 to a high of $35.70. The average price target represents an increase of 11.53% from its latest reported closing price of 26.98.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Flex is 31,214MM, an increase of 2.90%. The projected annual non-GAAP EPS is 2.47.
What is the Fund Sentiment?
There are 783 funds or institutions reporting positions in Flex. This is an increase of 59 owner(s) or 8.15% in the last quarter. Average portfolio weight of all funds dedicated to FLEX is 0.52%, a decrease of 7.25%. Total shares owned by institutions decreased in the last three months by 3.57% to 560,144K shares. 
The put/call ratio of FLEX is 0.34, indicating a bullish outlook.
What are Other Shareholders Doing?
Primecap Management holds 49,378K shares representing 11.13% ownership of the company. In it's prior filing, the firm reported owning 51,875K shares, representing a decrease of 5.06%. The firm decreased its portfolio allocation in FLEX by 2.79% over the last quarter.
Wellington Management Group Llp holds 27,232K shares representing 6.14% ownership of the company. In it's prior filing, the firm reported owning 31,484K shares, representing a decrease of 15.61%. The firm decreased its portfolio allocation in FLEX by 8.34% over the last quarter.
Janus Henderson Group holds 26,838K shares representing 6.05% ownership of the company. In it's prior filing, the firm reported owning 26,870K shares, representing a decrease of 0.12%. The firm decreased its portfolio allocation in FLEX by 1.15% over the last quarter.
JAENX - Janus Henderson Enterprise Fund Class T holds 18,002K shares representing 4.06% ownership of the company. In it's prior filing, the firm reported owning 18,019K shares, representing a decrease of 0.09%. The firm decreased its portfolio allocation in FLEX by 2.35% over the last quarter.
Alliancebernstein holds 17,631K shares representing 3.98% ownership of the company. In it's prior filing, the firm reported owning 17,800K shares, representing a decrease of 0.96%. The firm decreased its portfolio allocation in FLEX by 14.42% over the last quarter.
Flex Background Information
(This description is provided by the company.)
Flex is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.
Additional reading:
- FLEX REPORTS FIRST QUARTER FISCAL 2024 RESULTS
- Nextracker Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares in Offering of Class A Common Stock
- Nextracker Announces Pricing of Offering of Class A Common Stock
- Nextracker Announces Launch of Offering of Class A Common Stock
- SUBSIDIARIES OF FLEX LTD.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
