12 Best Affordable Tech Stocks to Buy According to Analysts

7. Flex Ltd. (NASDAQ:FLEX)

Current Share Price: $37.2; Forward P/E: 14.1

Upside Potential: 35%

Number of Hedge Fund Holders: 52

Flex Ltd. (NASDAQ:FLEX) is a global contract manufacturer that delivers design, engineering, and supply chain solutions across multiple industries, including automotive, cloud infrastructure, healthcare, consumer electronics, and industrial equipment. The company supports end-to-end product development, from prototyping to mass production, enabling brands to innovate and bring products to market efficiently.

Flex Ltd. (NASDAQ:FLEX) is expanding in high-growth sectors such as electric vehicles, cloud infrastructure, and healthcare devices. The company also benefits from the increasing demand for outsourcing advanced manufacturing, design, and engineering services, which supports its long-term growth prospects.

A Stifel analyst recently highlighted these growth drivers by resuming coverage of Flex Ltd. (NASDAQ:FLEX) with a Buy rating and a $52 price target. The analyst emphasized the company’s strong position as a leading electronic manufacturing services provider and expects it to benefit from expanding into areas like power and cooling. Additionally, the company’s growing focus on U.S. hyperscaler opportunities is expected to drive revenue growth and margin expansion.