Wells Fargo analyst Colin Langan maintains $Aptiv PLC (APTV.US)$ with a buy rating, and maintains the target price at $74.
According to TipRanks data, the analyst has a success rate of 48.0% and a total average return of -6.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Aptiv PLC (APTV.US)$'s main analysts recently are as follows:
The company's macroeconomic challenges are expected to continue until 2025; however, the recent 18% fall in share value may be an overreaction. Aptiv is poised to experience secular growth within its ASUX division, and despite potential macroeconomic risks in the coming years, the resurgence in electric vehicle demand is anticipated to provide a significant counterbalance.
Aptiv's Q3 results were a mixed bag, and forecasts for FY24 are somewhat conservative, aligning with a cautious industry perspective. Nonetheless, FY25's unpredictability and scaled-back OEM production timetables were underscored by the company's leadership. Although some clients are streamlining their operations due to cost-effective competitors and lukewarm EV sales, the pronounced decline in stock value on Thursday appears to be an overreaction, and it presents an opportunity for investors to consider purchasing during this dip.
Aptiv's third-quarter EBIT fell short of the consensus by 2%, and the company's management has revised its sales and EBIT guidance for FY24 downwards by 2% and 3%, respectively.
Note:
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