Evercore analyst Amit Daryanani maintains $Amphenol (APH.US)$ with a buy rating, and adjusts the target price from $75 to $80.
According to TipRanks data, the analyst has a success rate of 59.3% and a total average return of 12.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Amphenol (APH.US)$'s main analysts recently are as follows:
Amphenol delivered a robust quarter, surpassing both revenue and EPS expectations, with a conservative guidance provided for Q4 and the upcoming fiscal year. The company has notably increased its capital expenditures, possibly indicating confidence in AI orders projected through 2025. It's suggested that $2 billion in additional revenues with 35% incremental margins could substantially exceed consensus EPS expectations, although there is hesitation to fully endorse this idea presently due to anticipated ongoing design changes in some major programs.
The firm noted that AI-related strength is supporting an acceleration in business momentum overall, which justifies the stock's premium valuation. Additionally, both AI and non-AI applications have contributed to outstanding IT Datacomm growth.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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