Littelfuse price target raised to $360 from $325 at Oppenheimer

Oppenheimer raised the firm’s price target on Littelfuse (LFUS) to $360 from $325 and keeps an Outperform rating on the shares. The firm remains comfortable with its 2026 EPS of $12.50/positive 19%, and views recent share price lift as market gaining appreciation for multi-year organic potential as a critical supplier of core circuit protection and power control components serving diverse endmarkets/applications. Oppenheimer’s confidence in multi-year organic compounding prospects reflects design-in/market capture capabilities, evident over the past year relative to markets, namely strong Industrial segment growth that reflected a range of application design wins from recent years.