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Flex (FLEX): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Fri Jul 31, 4:22AM CDT

In a report released today, Tim Long from Barclays maintained a Buy rating on Flex, with a price target of $144.00.

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Long covers the Technology sector, focusing on stocks such as Apple, Corning, and F5, Inc.. According to TipRanks, Long has an average return of 17.8% and a 61.18% success rate on recommended stocks.

Flex has an analyst consensus of Strong Buy, with a price target consensus of $166.78.

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Based on Flex’s latest earnings release for the quarter ending June 26, the company reported a quarterly revenue of $7.93 billion and a net profit of $285 million. In comparison, last year the company earned a revenue of $6.58 billion and had a net profit of $192 million

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLEX in relation to earlier this year. Last month, Kwang Hooi Tan, the COO of FLEX sold 35,638.00 shares for a total of $5,155,176.37.

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