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Shares of Flex Ltd (Symbol: FLEX) recently crossed above the average analyst 12-month target price of $22.20, trading at $22.24 per share. This movement prompts potential actions from analysts, who may either downgrade on valuation or adjust their target prices higher, depending on the company’s fundamental developments.
There are five different analyst targets contributing to the average for Flex Ltd. The lowest target is set at $21.00, while the highest stands at $23.00, with a standard deviation of $0.836. Currently, the analyst ratings reflect five “Strong Buy” ratings and one “Hold” rating, with an average rating of 1.33, indicating a generally positive outlook from analysts.
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