
Plexus (PLXS) Stock Forecast & Price Target
Plexus (PLXS) Analyst Ratings
Bulls say
Plexus Corp demonstrated solid financial momentum, with an operating margin improvement to 6.0%, reflecting strong demand for its higher-margin engineering solutions and sustaining services. The company reported a year-over-year revenue growth of 6%, with notable performance in its Aerospace & Defense segment, which rose 3% year-over-year, driven by increased defense demand and new program initiatives. Additionally, new program wins showed remarkable growth, doubling year-over-year and indicating a robust future pipeline, as earnings are expected to grow nearly twice the pace of revenue, suggesting ongoing operational leverage.
Bears say
Plexus Corp reported a free cash flow of $13.2 million in the latest quarter, reflecting a decline from $16.5 million in the prior quarter and indicating challenges in meeting its full-year target of $100 million. Additionally, the company expects flat performance within its A&D segment for FQ4, coupled with anticipated revenue declines and potential disruptions in manufacturing operations, which may hinder demand across key market verticals. Furthermore, an elevated tax rate projected to impact earnings per share by approximately $0.65 next year adds to the financial headwinds, alongside a significant drop in cash reserves from $311 million to $238 million.
This aggregate rating is based on analysts' research of Plexus and is not a guaranteed prediction by Public.com or investment advice.
Plexus (PLXS) Analyst Forecast & Price Prediction
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