Flex Ltd. (NASDAQ:FLEX) is one of the best NASDAQ stocks to buy and hold for 3 years.
Barclays lifted the price target on Flex Ltd. (NASDAQ:FLEX) to $203 from $174 on June 4 and maintained an Overweight rating on the shares
The firm raised the price target on the stock after analysing the company’s AI and other business segments. In its financial results for the fourth quarter and fiscal year ended March 31, 2026, Flex Ltd. (NASDAQ:FLEX) reported fiscal Q4 net sales of $7.5 billion, and full-year net sales of $27.9 billion, up 17% and 8%, respectively, compared to the prior year. It delivered a GAAP operating margin of 5.0% for the quarter, and an adjusted operating margin of 6.7%, marking its sixth consecutive quarter with an adjusted operating margin of 6% or greater.
Flex Ltd. (NASDAQ:FLEX) further reported that it delivered a full-year GAAP operating margin of 4.9% and adjusted operating margin of 6.3%, setting another record for the company. GAAP EPS for the quarter was $0.67, while full-year GAAP EPS came up to $2.33. Flex Ltd. (NASDAQ:FLEX) operates as a manufacturing services company that delivers supply chain, technology innovation, and manufacturing solutions to diverse industries and end markets.