Amphenol (APH) Stock Target Raised Despite AI Revenue Dip

Amphenol Corporation (NYSE:APH) ranks among the best growth stocks to buy for the next 10 years. On July 25, Truist Securities maintained its Buy rating on Amphenol Corporation (NYSE:APH) and boosted its price target from $102 to $126. Despite lingering international tariff uncertainties, the adjustment followed what Truist called “impressive results and guidance” from the connector and sensor producer.

Amphenol (APH) Stock Target Raised Despite AI Revenue Dip

According to Truist, Amphenol’s reduced sequential projection in AI revenues, which was the catalyst for the stock’s negative market reaction, was simply “just a speed bump” rather than a serious concern. The firm states that Amphenol’s position in the AI industry remains “strong and stable,” and both Q2 and Q3 end markets have grown quarter-over-quarter after an over-shipment from Q2 was removed.

Amphenol Corporation (NYSE:APH) is a leading designer, manufacturer, and marketer of coaxial and high-speed specialty cable, as well as electrical, electronic, and fiber optic connectors and sensor-based devices.

While we acknowledge the potential of APH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APH and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.