BofA Raises Flex (FLEX) PT to $65, Amid Strong Data Center Growth and Earnings

Flex Ltd. (NASDAQ:FLEX) is one of the most promising stocks under $100. On October 8, BofA raised the firm’s price target on Flex to $65 from $58, while keeping a Buy rating on the shares. The company’s long-term goal is to achieve a 20% CAGR for data center revenue, and it is currently exceeding this target. BofA is raising its financial estimates for the company for this reason as well.

Flex achieved record results for FQ1 2026, reporting revenues of $6.6 billion, which was an increase of 4% year-over-year. The company’s adjusted EPS was $0.72, marking a record FQ1 performance and a rise of more than 40% from the prior year. Primary growth comes from the Data Center business, which is expected to make ~$6.5 billion in revenue for FY2026 and meet its annual growth target of 35%, representing 25% of total company revenue.

Flex is positioned as the sole provider offering both end-to-end cloud IT integration and a full power and cooling portfolio at scale. This includes integrated solutions like vertically integrated IT hardware, custom rack assembly, direct-to-chip liquid cooling technology on the cloud side, and a full power stack featuring modular Power Pods on the power side.

Flex Ltd. (NASDAQ:FLEX) is a technology company that provides tech innovation, supply chain, and manufacturing solutions to various industries through two different segments: Flex Agility Solutions/FAS and Flex Reliability Solutions/FRS.

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Disclosure: None. This article is originally published at Insider Monkey.