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Plexus Corp. (PLXS) provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. 
It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.
Shares have formed a bullish "cup and handle" followin its recent earnings report. On October 26th, PLXS reported Quarter September 2022 earnings of $1.78 per share on revenue of $1.1 billion. The consensus earnings estimate was $1.28 per share on revenue of $940.8 million. Revenue grew 33.3% on a year-over-year basis.
The company said it expects first quarter earnings of $1.40 to $1.58 per share on revenue of $1.08 billion to $1.13 billion. The current consensus earnings estimate is $1.28 per share on revenue of $959.28 million for the quarter ending December 31, 2022. Higher share prices are expected.
Entry Point: $106.00
Stop Loss: $$100.50
Trading Range: $72.88 - $107.89
Target Price: $117.00
