02:20 PM EDT, 05/08/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month target price by $4 to $46 on 14x our CY 26 EPS view of $3.26, above its three-year historical average, reflecting long-term favorable mix. We lift our FY 26 EPS view to $2.84 from $2.83 and start FY 27's at $3.46. While industrial demand remains soft and the Reliability segment faces headwinds from a weak automotive landscape, we expect performance to improve in FY 26, as end markets recover and favorable mix shift continues to support margin expansion. Despite near-term challenges, FLEX's data center segment continues to demonstrate exceptional strength, with approximately 50% Y/Y revenue growth in Q4, driven by cloud and power businesses. Management expects data center revenue to grow by 30% in FY 26, providing a solid foundation for our positive outlook. The company's record adjusted operating margins and consistent free cash flow generation support our conviction in FLEX's Buy rating.