Benchmark Electronics

BHE · NYSE

$70.43−$0.69 (−0.97%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $71.12

BHE analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 5 analysts

Average $91.29 (+29.6% upside)

Low: $76.76
Now: $70.43
High: $105.00

Upgrades and downgrades

The latest rating actions, newest first

BHE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Needham	Jul 30, 2026	Maintains	Buy	$80.00 → $90.00	59%
Needham	Apr 30, 2026	Maintains	Buy	$62.00 → $80.00	59%
Needham	Feb 4, 2026	Maintains	Buy	$55.00 → $62.00	59%
Lake Street	Jan 23, 2026	Maintains	Buy	$51.00 → $57.00	60%
Needham	Jan 16, 2026	Maintains	Buy	$47.00 → $55.00	59%
Lake Street	Nov 5, 2025	Maintains	Buy	$46.00 → $51.00	60%

The case for and against

Updated Jul 25, 2026

Bull case

Benchmark Electronics is expected to experience strong growth in the coming years due to their efficient cost structure and increased investments in growth opportunities, as indicated by their target model of 8-12% revenue growth and 5.0%-5.5% non-GAAP operating margins. While potential risks such as weak demand and potential loss of major customers exist, the company's Q1 results exceeded expectations, and their CEO transition is going smoothly. Additionally, BHE's undervalued shares and potential for growth make them a recommended buy with a price target of $62.

Bear case

Benchmark Electronics is facing challenges in the highly competitive market of electronic manufacturing services, with revenue growth expected to slow in the coming years. This, combined with the company's reliance on a few key industries for revenue and its historically low margins, raises concerns for future profitability and potential market share loss. Furthermore, with the company's stock trading at a discount compared to its peers, there may be underlying issues affecting investor confidence and potential volatility in the stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.