Plexus Draws Institutional Interest Amid 26% Price Target Rally

Plexus (NASDAQ: PLXS) is attracting fresh attention from Wall Street analysts, who have collectively revised their one-year price target upward to $204.82 per share. This marks a significant 26.29% jump from the previous consensus estimate of $162.18 set on January 11, 2026, reflecting growing optimism about the company’s prospects. With the stock trading near $204.96, the new target suggests prices remain fairly valued despite recent momentum.

The range of individual analyst targets tells an interesting story. While some remain cautious with projections as low as $174.73 per share, bulls are pushing for $231.00, indicating divided opinions about Plexus’ near-term trajectory. This 32% spread between the floor and ceiling reflects the varying perspectives on execution risks and growth catalysts.

Analyst Consensus Jumps on Plexus Prospects

The shift in price targets underscores renewed confidence in Plexus’ business fundamentals. Analysts appear to be incorporating recent company performance and forward guidance into more constructive valuations. The upward revision of over $40 per share from just six weeks prior suggests a meaningful reacceleration in positive momentum across the research community.

What’s particularly noteworthy is the timing—as Plexus stock has held its ground near recent highs, analysts have doubled down rather than pulled back, a pattern typically associated with strengthening conviction.

Mixed Signals From Fund Managers on Plexus Holdings

The institutional investor landscape around Plexus tells a more nuanced story than the bullish analyst consensus. While 617 funds and institutional investors maintain positions in the company, this represents a decline of 74 owners compared to the previous quarter—a 10.71% decrease in institutional participation.

However, the funds that remain committed have been increasing their commitment. Average portfolio weighting dedicated to Plexus jumped 13.82%, and the put/call ratio of 0.27 suggests bullish positioning among options traders. Meanwhile, total institutional share ownership dipped 0.46% to 32.421 million shares over the past three months.

Divergent Strategies Among Plexus’ Largest Fund Holders

The top fund holders reveal dramatically different approaches to Plexus positioning:

iShares Core S&P Small-Cap ETF (IJR) holds the largest stake at 1.614 million shares, representing 6.03% ownership. Despite trimming holdings by 3.57% from its prior 1.671 million share position, IJR actually increased its portfolio allocation weighting by 1.10%—a quirk explained by portfolio rebalancing rather than conviction shifts.

Fiduciary Management has emerged as an aggressive buyer, accumulating to 1.351 million shares. The firm’s position surged 30.86% from 934,000 shares, with portfolio weighting jumping 62.94% over the quarter. This represents one of the most bullish moves among major holders.

American Century Companies similarly expanded its Plexus bet to 1.104 million shares, up 30.63% from 766,000 previously. The firm’s portfolio allocation jumped 44.36%, suggesting renewed confidence in the company’s trajectory.

Disciplined Growth Investors and BNP Paribas Asset Management showed more measured approaches, with the former reducing its stake by 5.98% while cutting portfolio weighting by 4.41%, and the latter boosting slightly to 915,000 shares (+3.85%) while increasing allocation weight by 18.07%.

The pattern suggests serious money managers see divergent opportunities in Plexus. Some are doubling down at current levels, while others are taking profits or rebalancing—a dynamic that often precedes significant market moves as consensus solidifies.

The convergence of higher analyst targets and increased conviction from believers in Plexus signals a potential inflection point, even as some large holders remain cautious. For investors tracking this name, monitoring whether the cautious funds accelerate or pare back their holdings could provide early signals of shifting sentiment around Plexus valuations.