Truist raised the firm’s price target on TE Connectivity (TEL) to $240 from $239 and keeps a Hold rating on the shares. The firm adjusted price targets in the semiconductor and artificial intelligence group after establishing 2027 estimates. Truist recognizes the challenges of finding the power to run AI infrastructure and getting the funding to pay for it. However, the firm believes AI infrastructure semiconductor stocks “remain cheap” relative to their growth. It sees “more upside pressure” to estimates for the group relative to the diversified analog semis heading into 2026. AI capital expenditure upside will continue in 2026, the analyst tells investors in a research note.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEL:
- TE Connectivity price target lowered to $8 from $8.10 at Jefferies
- TE Connectivity price target lowered to $239 from $255 at Truist
- TE Connectivity price target raised to $297 from $277 at Barclays
- TE Connectivity Unveils Strategic Growth Plans at Investor Day
- TE Connectivity price target raised to $275 from $220 at TD Cowen