Evercore ISI analyst Amit Daryanani maintained a Buy rating on Amphenol today and set a price target of $110.00.
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Amit Daryanani has given his Buy rating due to a combination of factors surrounding Amphenol’s strategic acquisition of Trexon. This acquisition, valued at $1 billion, is expected to significantly enhance Amphenol’s capabilities in the high-reliability interconnect and cable assemblies market, particularly within the defense sector. Trexon’s extensive expertise and established presence in over 250 aerospace and defense programs provide Amphenol with a robust platform for growth.
Moreover, the acquisition is anticipated to improve Amphenol’s financial performance, with Trexon’s expected sales and EBITDA margins surpassing the company’s average in its Harsh Environment solutions segment. The deal, set to close in the fourth quarter of 2025, is projected to contribute approximately $290 million in revenue by 2026. This strategic move not only broadens Amphenol’s customer base but also positions the company to benefit from increasing government spending in aerospace and defense, thereby supporting its long-term growth and value creation strategy.
In another report released today, Truist Financial also maintained a Buy rating on the stock with a $126.00 price target.