JPMorgan analyst Samik Chatterjee raised the firm’s price target on Amphenol (APH) to $120 from $91 and keeps an Overweight rating on the shares. The firm adjusted price targets in hardware and networking, saying it expects upside to second half of 2025 estimates from “robust” cloud spending. However, underlying end market drivers for other customer verticals “remain a watchpoint” as they exhibit more sensitivity to the macro environment, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APH:
- Amphenol price target raised to $115 from $106 at UBS
- Amphenol price target raised to $115 from $100 at Citi
- Amphenol price target raised to $115 from $102 at Goldman Sachs
- These 3 Tech Stocks Are Soaring in 2025 With 10/10 Smart Scores and 40%+ Gains
- Amphenol initiated with a Hold at KGI Securities