10 High-Flying Tech Stocks to Buy

​4. Amphenol Corporation (NYSE:APH)

6-month Performance: 44.54%

Analyst Upside Potential: 9.28%

Number of Hedge Fund Holders: 89

​Amphenol Corporation (NYSE:APH) is one of the High-Flying Tech Stocks to Buy. On January 20, Amit Daryanani from Evercore ISI reiterated a Buy rating on the stock and raised the price target from $150 to $165. Earlier, on January 14, Joseph Spak from UBS also reiterated a Buy rating on Amphenol Corporation (NYSE:APH) and raised the price target from $152 to $174.

​Evercore ISI noted that the increased price target reflects the firm’s improved outlook as part of its Q4 earnings preview on IT hardware and networking stocks under its coverage.

​Similarly, on January 13, Truist Securities also raised the price target on the stock from $180 to $182, with a Buy rating. The firm noted the acquisition of CommScope’s Connectivity and Cable Solutions business as one of the factors behind an updated outlook. The firm highlighted the acquisition as one of the company’s largest ever. Truist expects this strategic step to increase the company’s sales by roughly 17%. Considering the track record of the company with acquisitions, the firm noted that the company usually also improves its profit margins and return on investments following acquisitions.

​Amphenol Corporation (NYSE:APH) is a global leader in designing, manufacturing, and marketing high-technology electrical, electronic, and fiber-optic connectors, interconnect systems, antennas, and sensors. Headquartered in Wallingford, Connecticut, it serves diverse markets including automotive, IT/datacom, aerospace, defense, and industrial sectors.