Technical Analysis: TEL's stock has shown a bullish trend with recent price consolidation around $155 level. The stock is currently trading at $154.99, showing resilience despite market volatility.
News Sentiment Analysis:
Price Projection for Next Week: Based on technical indicators and recent news:
Target Prices:
Trading Recommendation: BUY with entry point at current level ($154.99)
Rationale:
The price of TEL is predicted to go up 1.19%, based on the high correlation periods with VERV. The similarity of these two price pattern on the periods is 95.16%.
TEL
VERV
TE Connectivity is a leader in the automotive connector and sensor market, enabling OEMs to build more advanced and efficient electric and autonomous vehicles.
TE's products are specialized for mission-critical applications in harsh environments, where reliable performance creates sticky customer relationships.
TE's ongoing footprint consolidation should allow it to expand its midcycle operating margins and improve its cash flow.
Truist Securities
2025-01-23
Price Target
$165 → $163
Upside
+3.83%
B of A Securities
2025-01-23
Price Target
$167 → $170
Upside
+8.29%
Baird
2025-01-23
Price Target
$162 → $168
Upside
+7.02%