Needham analyst James Ricchiuti maintained a Buy rating on Plexus (NASDAQ:PLXS) Corp on Friday, setting a price target of $105, which is approximately 20.05% above the present share price of $87.46.
Ricchiuti expects Plexus Corp to post earnings per share (EPS) of $0.97 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Plexus, with an average price target of $102.33.
The analysts price targets range from a high of $110 to a low of $92.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $814.39 million and a net profit of $37.61 million. The company's market cap is $2.47 billion.
According to TipRanks.com, Needham analyst James Ricchiuti is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.0% and a 66.30% success rate.
Plexus Corp. engages in the provision of electronic manufacturing services. The firm partners with companies to transform concepts into branded products and deliver them to the market. It has partnerships with customers in the healthcare and life sciences; industrial and commercial; communications; and aerospace and defense market sectors. The company operates through the following geographical segments: Americas (AMER); Europe, Middle East, and Africa (EMEA); and Asia-Pacific (APAC). Plexus was founded by Peter Strandwitz, Shirani Ramin and John L. Nussbaum in 1979 and is headquartered in Neenah, WI.