$FLEX

Flex (FLEX) stock rose 2.7% in pre-market trading after BofA Securities reiterated its Buy rating but lowered its price target to $150 from $180, citing valuation adjustments. The bank sees the current price as a buying opportunity ahead of earnings. Flex is expected to report fiscal Q2 2027 earnings of $1.05 per share and revenue of $8.18 billion, with growth driven by its Cloud and Power Infrastructure segment. Deltec Asset Management increased its FLEX position by over 40% in Q3.

BofA Securities cut its price target for Flex Ltd (FLEX) to $150 from $180, citing valuation adjustments. The stock is trading at $76.99, down 12% in a week. The firm estimates pro-forma 2028 EPS of $5.94 for SpinCo and $2.76 for RemainCo. Flex recently reported Q1 2027 earnings of $1.00 per share on $7.9B revenue, beating expectations. The company plans to spin off its Cloud and Power Infrastructure business as Axiom Solutions International (AXM).

The S&P 500 fell 1.9% last week, while the Nasdaq-100 dropped 5.5%, its worst decline since April 2025. AI and data-center related stocks led the decline, with Ciena (CIEN) and Hewlett Packard Enterprise (HPE) losing over 25%. CoreWeave (CRWV) lost 25% amid rising borrowing costs. Nvidia (NVDA) and Micron (MU) faced competitive risks from China. Inflation data showed higher-than-expected increases, driving energy stocks to new highs.

Goldman Sachs reduced its price target for Flex from $154 to $145. The stock is currently trading at $98.50, down 1.84% over 5 days and 14.15% year-to-date. The adjustment may impact investor sentiment and trading strategies.

Flex Ltd. (FLEX) completed the acquisition of EPC Power Corporation from Goldman Sachs Asset Management, Cleanhill Partners, and others. The deal is expected to add growth and margin accretion. Flex borrowed $1.1B under a bridge credit facility to finance the acquisition. EPC Power will become part of Flex's Cloud and Power Infrastructure business, which is planned to be spun off as Axiom Solutions International in Q1 2027.

Bumble (BMBL) surged 56.4% after a $1.3B acquisition deal. Kontoor Brands (KTB) rose 3.7% with an $80 price target. UnitedHealth (UNH) gained 3.9% on strong earnings. SentinelOne (S) dropped 2.5% after a $1.25B debt offering. Flex (FLEX) fell 6.9% due to spin-off concerns.

FLEX LTD. (FLEX) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 Flex Completes Acquisition of EPC Power, Expanding Power Conversion Capabilities for AI Data Centers and Grid Applications Acquisition strengthens Flex’s Cloud and Power Infrastructure portfolio with differentiated grid-forming and power conversion technology AUSTIN,

Flex Ltd. (FLEX) amended its warrant agreement with Amazon, restructuring terms for a warrant allowing the purchase of 3.86M shares at $51.29 each. This follows Flex's plan to spin off its cloud and power infrastructure business into a new company, Axiom Solutions. The amended warrant will enable the purchase of Spinco shares at $0.01 each, with the number of shares based on the original warrant's intrinsic value.

FLEX LTD. (FLEX) filed an SEC Form 8-K — Unregistered Sales of Equity Securities. Item 3.02 Unregistered Sales of Equity Securities. On October 9, 2026, Flex Ltd. (the “Company” or “Flex”) and Amazon.com NV Investment Holdings LLC (the “Warrantholder”) and Amazon.com Services LLC (the “Assignee”), wholly-owned subsidiaries of Amazon.com, Inc. (the “Parent”), e

Flex, a tech company, plans to spin off its AI infrastructure business, Axiom, into a separate public company by Q1 2027. The move aims to unlock value, with Axiom expected to grow revenue by at least 80% in fiscal 2028 and improve margins. Flex shares have fallen 35% from their 52-week high, presenting a potential opportunity according to a CNBC contributor.