Flex stock: BofA raises target to 162 US dollars after results

Published on 10/30/2026 at 18:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Flex stock drew a higher BofA target after strong quarterly results and raised guidance. The analyst kept a Buy rating on the shares.

Flex lifts outlook and target

BofA raised its price target to 162 US dollars from 150 US dollars and maintained a Buy rating.
Flex reported adjusted quarterly earnings of 1.18 US dollars per share and revenue of 8.5 billion US dollars.
The company increased fiscal 2027 revenue guidance by 950 million US dollars, with acquisitions contributing about half of the increase.

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Flex reported stronger-than-expected fiscal second-quarter results, prompting BofA Securities to raise its price target for the electronics manufacturer on Friday, October 30, 2026. The bank lifted its target to 162 US dollars from 150 US dollars and maintained a Buy rating, according to Investing.com.

Results strengthen the outlook

Flex posted adjusted earnings of 1.18 US dollars per share, beating the 1.06 US dollar analyst forecast cited in the report. Revenue reached 8.5 billion US dollars, also above expectations.

The company raised its fiscal 2027 revenue guidance by 950 million US dollars. Acquisitions account for approximately half of the increase, while the company also pointed to stronger operating momentum.

Revenue in the Communications and Power Infrastructure segment is expected to grow 75% to 85% year over year, with the midpoint raised by 10 percentage points. The Power segment reached a 16% operating margin as higher volumes and earlier investments supported profitability.

Acquisition remains a margin focus

BofA said the recent EPC Power acquisition is dilutive to margins initially, while Flex management expects the deal to become accretive in fiscal 2027. The bank based its positive stance on improving business mix, portfolio optimization, margin growth and capital returns.

Flex stock traded at 77.19 euros on Lang & Schwarz at 18:41 CEST on Friday, October 30, 2026. Investors can follow the real-time quote of Flex stock.