
Plexus (PLXS) Stock Forecast & Price Target
Plexus (PLXS) Analyst Ratings
Bulls say
Plexus Corp exhibits a strong positive outlook due to its anticipated earnings growth, which is expected to outpace revenue growth by nearly double as the company’s strategic initiatives unfold. The Semi Cap Equipment segment continues to demonstrate resilience, achieving double-digit growth despite a flat wafer fab equipment environment, and has solidified Plexus as the largest EMS provider in this sector with a remarkable compound annual growth rate (CAGR) of approximately 30% over the past seven years. Additionally, significant wins projected for fiscal year 2024 in the healthcare sector are expected to bolster revenue growth in fiscal year 2026, further enhancing the company’s financial stability and expansion prospects.
Bears say
Plexus Corp is facing a projected headwind of approximately $0.65 in earnings per share due to a higher tax rate, which negatively impacts its financial performance expectations. Additionally, the demand landscape remains uneven, particularly in the Broadband/Test & Measurement sector, potentially affecting revenue stability. The company acknowledges near-term risks, such as softer wafer fabrication equipment (WFE) markets and delays in the commercial aerospace recovery, further contributing to a cautious outlook on its overall growth prospects.
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
Start investing in Plexus (PLXS)
Order type
Buy in
Order amount
Est. shares
0 shares