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Belden’s Strategic Growth and Market Penetration Drive Buy Rating with Increased Price Target

Belden’s Strategic Growth and Market Penetration Drive Buy Rating with Increased Price Target

Benchmark Co. analyst David Williams has maintained their bullish stance on BDC stock, giving a Buy rating on July 22.

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David Williams has given his Buy rating due to a combination of factors that highlight Belden’s strong performance and strategic direction. The company delivered robust quarterly results, surpassing expectations, with significant growth in its Smart Infrastructure and Automation segments. This growth contributed to an improvement in EBITDA margins both quarter-over-quarter and year-over-year. Belden’s ongoing Solutions transformation is yielding positive outcomes, with new design wins and opportunities emerging, despite a cautious guidance reflecting market uncertainties.
Williams also points to the company’s strategic focus on OT/IT convergence, which has led to significant new contracts, such as the energy management solution for a hyperscaler data center. This showcases Belden’s capability to penetrate larger markets and offer repeatable solutions that address critical industry needs. Additionally, the company is on track to set new records in revenue and earnings per share, with strong sales leverage and EBITDA growth. The healthy order momentum and favorable book-to-bill ratios further support the optimistic outlook, reinforcing the Buy rating and the increased price target of $145.

According to TipRanks, Williams is a 5-star analyst with an average return of 28.1% and a 53.51% success rate. Williams covers the Technology sector, focusing on stocks such as IonQ, Belden, and Littelfuse.

In another report released on July 22, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $147.00 price target.

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