J.P. Morgan analyst Samik Chatterjee maintains $Amphenol (APH.US)$ with a buy rating, and adjusts the target price from $80 to $85.
According to TipRanks data, the analyst has a success rate of 62.0% and a total average return of 12.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Amphenol (APH.US)$'s main analysts recently are as follows:
Amphenol demonstrated a robust quarter, with revenue and EPS surpassing both its own forecasts and consensus estimates. Looking ahead, the company's guidance for Q4 and the upcoming fiscal year is on the conservative side. A notable increase in capital expenditures may indicate the company's strong expectations for AI-related orders stretching into 2025. An additional $2B in revenues with a 35% incremental margin could considerably elevate consensus EPS projections. However, caution is being exercised in fully endorsing this perspective due to the anticipation of ongoing design modifications in several major programs.
The overall accelerating business momentum for Amphenol is being supported by strength in AI-related sectors, contributing to the stock's premium valuation. Moreover, both AI and non-AI applications have fueled significant growth in IT Datacomm.
Note:
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