Keybanc Upgrades Plexus to Overweight from Sector Weight
Fintel reports that on September 22, 2026, Keybanc upgraded their outlook for Plexus (NASDAQGS:PLXS) (DB:PX4) from Sector Weight to Overweight.
Plexus Corp., headquartered in Neenah, Wisconsin, USA, operates predominantly in the Electronic Manufacturing Services (EMS) industry, providing comprehensive product development and manufacturing solutions. The company distinguishes itself through its specialized services in the higher complexity sectors where it supports clients from conceptual design through to delivering finished products and after-market services. Key projects typically involve advanced electronics in industries such as healthcare, industrial, aerospace, and defense.
Prior to this rating action, the stock closed at $252.36 on September 21, 2026. This latest close of $252.36 represents a price change of +5.31% over one week compared to the baseline close of $239.63 on September 14, 2026. Over a one-month period, the stock experienced a price change of +5.09% from the baseline close of $240.14 on August 21, 2026.
Plexus last reported earnings on July 29, 2026, posting an actual EPS of 2.32, which exceeded the estimated EPS of 2.1663, representing a surprise of +7.10%. The company's actual revenue for that quarter was $1,304,778,000.00, compared to the estimated revenue of $1,254,072,996.00. The upcoming earnings date is scheduled for October 20, 2026.
Separately from Keybanc's individual rating action, the current consensus target mean for the stock was recorded at $312.78 as of September 16, 2026, which is unchanged from the prior consensus target mean of $312.78 on August 28, 2026, representing a revision of 0.00%. The current consensus target median was $316.20 on September 16, 2026, representing an implied change of +23.94%.
In the recommendation period ending September 1, 2026, the aggregate analyst sentiment showed 4 strong buy, 6 buy, and 3 hold recommendations, with 0 sell and 0 strong sell recommendations, resulting in a positive recommendation percentage of 76.9% and a hold percentage of 23.1%. This aggregate distribution remained consistent with the prior period ending August 1, 2026, which consisted of 5 strong buy, 5 buy, and 3 hold recommendations.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 22, 2026 | Keybanc | Sector Weight | Overweight | upgrade |
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This story originally appeared on Fintel.