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Plexus Stock Surge: Is It Justified?
Description
Plexus, PLXS, has seen a significant stock price increase of 88% in the last six months, reaching $263.07. This surge is driven by projected revenue growth of 17.7% over the next year, a stark contrast to its previous 4.4% growth. Additionally, EPS has been steadily climbing at an annual rate of 8.7%, outpacing revenue growth. However, long-term revenue growth has been disappointing, and the stocks forward earnings multiple of 30.5 raises questions about the rallys justification.
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