Flex Up 27% in the Past Year: Will the Stock Sustain Momentum?
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Flex Ltd. (FLEX) has seen a 27% increase in its stock price over the past year, driven by strong demand in medical devices, cloud, and data center power sectors, despite challenges in the core industrial sector.
December 23, 2024 | 3:30 pm
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Flex Ltd. has experienced a 27% stock price increase over the past year, supported by strong demand in medical devices, cloud, and data center power sectors, despite weaknesses in the core industrial sector.
The stock's upward trend is attributed to strong performance in high-demand sectors like medical devices and cloud services, which are likely to continue driving growth. The weakness in the core industrial sector is a concern but currently overshadowed by the strengths in other areas.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100