Plexus stock price target lowered to $140 by Stifel on mixed outlook

Investing.com - Stifel has reduced its price target on Plexus (NASDAQ:PLXS) to $140.00 from $145.00 while maintaining a Hold rating on the stock. The company currently trades at a P/E ratio of 22.9x and maintains a perfect Piotroski Score of 9, indicating strong financial health according to InvestingPro data.

Plexus reported fiscal third-quarter 2025 results that exceeded expectations, with in-line sales of $1.018 billion and earnings per share of $1.90, significantly above the consensus estimate of $1.71. The earnings beat was primarily attributed to lower interest expenses and a favorable tax adjustment. The stock has experienced significant pressure, falling nearly 15% over the past week. InvestingPro analysis reveals 10+ additional insights about Plexus’s financial performance and outlook.

The company’s end-market performance aligned broadly with expectations, though Healthcare/Life Sciences growth came in slightly below guidance. Industrial and Aerospace & Defense segments performed more in line with forecasts.

Plexus issued mixed guidance for its fiscal fourth quarter, with adjusted earnings per share guidance midpoint of approximately $1.90 slightly exceeding consensus, while the sales midpoint fell about 3.7% below analyst expectations.

Stifel noted that looking into fiscal year 2026, Plexus faces continued near-term pressure in Industrial and Aerospace OEMs segments, with Defense remaining a bright spot, while Healthcare/Life Sciences shows potential future growth through engineering engagements despite limited visibility.

In other recent news, Plexus Corp reported its fiscal Q3 2025 earnings, revealing an earnings per share (EPS) of $1.90. This figure exceeded analysts’ expectations of $1.71 by 11.11%. However, the company’s revenue slightly missed the mark, coming in at $1.018 billion compared to the anticipated $1.02 billion. Despite the positive earnings surprise, investor concerns were noted due to the revenue shortfall and potential implications for future growth. There were no significant mergers or acquisitions reported during this period. Analyst firms have not provided any recent upgrades or downgrades for Plexus Corp. These developments reflect the latest updates concerning Plexus Corp.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.