RBC Capital Believes Flextronics (NASDAQ: FLEX) Still Has Room to Grow

By Austin Angelo

In a report released yesterday, Amit Daryanani from RBC Capital reiterated a Buy rating on Flextronics (NASDAQ: FLEX), with a price target of $19. The company’s shares opened today at $17.41, close to its 52-week high of $17.76.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 28.4% and a 90.4% success rate. Daryanani covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Benchmark Electronics.

Flextronics has an analyst consensus of Strong Buy, with a price target consensus of $18.75.

The company has a one-year high of $17.76 and a one-year low of $13.34. Currently, Flextronics has an average volume of 3.12M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.

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Flex Ltd. designs, manufactures, and services consumer electronics for original equipment manufacturers. It operates through the following segments: Communications & Enterprise Compute, Consumer Technology Group, Industrial and Emerging Industries, and High Reliability Solutions.