10 AI News Updates Trending on Wall Street

3. Flex Ltd. (NASDAQ:FLEX)

Number of Hedge Fund Holders: 45

Flex Ltd. (NASDAQ:FLEX) is an electronics innovation and manufacturing company catering to diverse industries, including automotive, healthcare, industrial, data center, and communications sectors. It offers next-gen, end-to-end designing, manufacturing, delivery, and product management services to its global clients. The company is using AI to optimize factory lines, carry out predictive machine maintenance, manage inventory, eliminate roadblocks in PCBA testing, improve component inspections to bring down defects, ensure the highest possible quality, and lower operational costs.

On January 30th, Barclays analyst George Wang hiked Flex Ltd.’s (NASDAQ:FLEX) stock price target to $49 from $43 while retaining an “Overweight” rating. The analyst said the company reported a solid quarter, creating a good setup for share prices. For Q3 fiscal year 2025, the firm reported net sales of $6.6 billion and updated full-year revenue guidance to between $25.4 billion and $25.8 billion.