Needham analyst James Ricchiuti has reiterated their bullish stance on PLXS stock, giving a Buy rating today.
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James Ricchiuti has given his Buy rating due to a combination of factors that highlight Plexus’s strong performance and positive outlook. The company concluded its fiscal year 2025 with revenues surpassing expectations, and earnings per share, adjusted for tax benefits, aligned with forecasts while slightly exceeding market consensus. Although margins were at the lower end, Plexus remains committed to achieving its operational margin targets.
Furthermore, management expressed optimism about growth across its primary markets, projecting expansion in fiscal year 2026. The company demonstrated robust free cash flow in the fourth quarter and aims to maintain this momentum into the next fiscal year. Revenue projections for the first quarter of 2026 suggest a significant year-over-year increase, and there is an anticipation of margin improvement as revenues rise sequentially. Consequently, the price target for Plexus has been raised, reinforcing the Buy recommendation.
Ricchiuti covers the Technology sector, focusing on stocks such as TTM Technologies, MKS, and Plexus. According to TipRanks, Ricchiuti has an average return of 14.4% and a 56.97% success rate on recommended stocks.
In another report released today, Benchmark Co. also maintained a Buy rating on the stock with a $165.00 price target.