Here’s Why Wall Street is Bullish on Flex Ltd. (FLEX)

​Flex Ltd. (NASDAQ:FLEX) is 1 of the High-Flying Tech Stocks to Buy. Wall Street has a affirmative outlook connected the stock. Recently, connected January 14, Melissa Fairbanks from Raymond James upgraded the banal from Hold to Buy with a $75 terms target. Earlier connected January 13, Tim Long from Barclays reiterated a Buy standing connected Flex Ltd. (NASDAQ:FLEX) but lowered the terms people from $78 to $71.

​Melissa from Raymond James noted that her affirmative outlook is based connected the beardown presumption of Flex successful the unreality and AI infrastructure sector. She added that the institution has a competitory borderline implicit its competitors owed to its differentiated powerfulness solutions for hyperscale information centers. She noted that aft treatment with the company’s management, she sees beardown near-term growth. Melissa expects the company’s cloud/AI revenues to turn astatine a coagulated double-digit gait and finds the caller stock terms pull-back an charismatic introduction constituent for investors.

​The expert astatine Raymond James besides highlighted the powerfulness concern of Flex Ltd. (NASDAQ:FLEX) offers higher margins than the marketplace average. She noted that arsenic the conception expands wrong the information centers, the wide profitability volition emergence astir 7%.

​That said, Wall Street has a Strong Buy sentiment connected the stock, with each 12-analysts covering the banal having a Buy rating.

​Flex Ltd. (NASDAQ:FLEX), antecedently known arsenic Flextronics, is simply a multinational electronics manufacturing services company. With a planetary workforce crossed 30 countries, the institution offers plan and engineering, proviso chain, and precocious manufacturing solutions to divers industries and extremity markets similar automotive, cloud, communications, user devices, information center, healthcare, industrial, and lifestyle.

While we admit the imaginable of FLEX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.