Amphenol: Strong Datacenter Growth, Margin Expansion, and Undervalued AI Interconnect Leader Support a Buy Rating

Jefferies analyst Stephen Volkmann upgraded the rating on Amphenol to a Buy today, setting a price target of $145.00.

Stephen Volkmann has given his Buy rating due to a combination of factors that highlight both growth and valuation support for Amphenol. He emphasizes the company’s strong positioning in high-speed interconnects for data centers and defense, noting robust order momentum and above-consensus sales expectations through 2028, even as the market debates the eventual shift from copper to optical solutions.

He also points out that Amphenol has recently delivered substantial organic growth and material margin expansion, driven by exposure to fast-growing IT datacom and other healthy end-markets. With the stock trading near a three-year valuation low despite this performance and with management’s ability to adapt to future architectural changes in AI racks, he sees an attractive risk‑reward profile underpinning his Buy recommendation and price target outlook.

In another report released today, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $136.00 price target.