Amphenol Poised For Growth With AI Server Boom, Rising Copper Content, CIT Acquisition: Analyst
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Analyst Recommendation and Price Target: Citigroup analyst maintained a Buy rating on Amphenol Corp (APH) and raised the price target from $135 to $160.
- Factors Driving Upside Potential: The analyst highlighted various factors that could boost revenues and EPS in the next 12 to 24 months, including an optimistic outlook for the connector market and growth opportunities in AI servers.
- Acquisition Impact: Mention of the recent acquisition of Carlisle Interconnect Technologies (CIT) by Amphenol for $2 billion in cash and its potential positive effect on EPS accretion.
- Cost Considerations: Discussion on rising copper costs potentially offsetting some impacts, but Amphenol's ability to manage costs by passing them to customers successfully.
- Financial Performance and Stock Movement: Details on Amphenol's fiscal first-quarter 2024 sales growth, beating analyst estimates, and the stock's significant gain over the past year.
Analyst Views on CWS
Wall Street analysts forecast CWS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CWS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 70.921
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Current: 70.921
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
