Flex stock hits all-time high at 53.76 USD

Flex (NASDAQ:FLEX) Ltd’s stock reached an all-time high of 53.76 USD, marking a significant milestone for the company. With a market capitalization of $20.07 billion and a P/E ratio of 25.07, the stock has caught analysts’ attention, with targets ranging from $45 to $64. According to InvestingPro analysis, the stock’s RSI indicates overbought conditions. This achievement reflects the stock’s impressive performance over the past year, during which it has seen a remarkable increase of 82.23%. The surge in Flex’s stock price underscores investor confidence and the company’s strong market position, as it continues to deliver robust financial results and strategic growth initiatives. Management’s aggressive share buyback program further demonstrates their confidence in the company’s outlook. This all-time high is a testament to the company’s resilience and adaptability in a competitive industry landscape. For deeper insights into Flex’s valuation and growth potential, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Flex Ltd. has secured a new $2.75 billion revolving credit facility, replacing its previous $2.5 billion agreement. This new facility, involving Bank of America as the administrative agent, is set to mature in 2030 and includes sublimits for swing line loans and letters of credit. In another development, Fitch Ratings has upgraded Flex Ltd.’s outlook from Stable to Positive, affirming its ’BBB-’ rating. This change is attributed to Flex’s enhanced financial profile and improved profitability, with expectations of maintaining EBITDA leverage below 2.5x. KeyBanc has also raised its price target for Flextronics to $60, citing the company’s differentiated data center strategy and superior gross margin expansion. Flextronics reported a significant 50% year-over-year increase in data center sales, with projections of mid-30% growth for fiscal year 2026. Despite subdued core end markets, KeyBanc remains optimistic about Flextronics’ strategic initiatives in the data center sector. Meanwhile, Nextracker Inc., a solar technology company, has appointed three new members to its Board of Directors, adding significant expertise in policy, regulation, and corporate governance.

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