TE Connectivity, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Wamsi Mohan from Bank of America Securities reiterated a Buy rating on the stock and has a $260.00 price target.
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Wamsi Mohan has given his Buy rating due to a combination of factors that indicate strong future performance for TE Connectivity. The company is expected to exceed its fourth-quarter revenue and earnings estimates, driven by robust growth in artificial intelligence revenues and the automotive end-market. Mohan anticipates that TE Connectivity’s AI revenue will surpass current guidance, and recent revisions in automotive production estimates suggest additional upside potential.
Furthermore, the company’s first-quarter guidance is expected to align with market estimates, with potential boosts from industrial revenue and automotive production. Looking ahead to fiscal year 2026, TE Connectivity is projected to achieve double-digit sales growth with high single-digit organic growth, supported by AI revenue contributions. Despite potential challenges from rising commodity prices, the company’s ability to pass on costs to customers and a positive revenue and margin outlook justify the increased price objective of $260.
According to TipRanks, Mohan is a 5-star analyst with an average return of 18.4% and a 63.39% success rate. Mohan covers the Technology sector, focusing on stocks such as Apple, Dell Technologies, and HP.
In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $250.00 price target.