Analyst is Recommending Aptiv (APTV) – Here’s Why

We recently published 10 Stocks Everyone’s Discussing Amid Latest Earnings Season. Aptiv PLC (NYSE:APTV) is one of the stocks everyone’s discussing.

Stephanie Link, the Chief Investment Strategist, Head of Investment Solutions and Portfolio Manager at Hightower Advisors, recently said she likes auto components maker Aptiv PLC (NYSE:APTV). Link highlighted that General Motors is a “9% customer” of the company.

Link recommended Aptiv PLC (NYSE:APTV) a few weeks back on CNBC and explained her bull thesis in detail:

“It’s an auto parts company, but it’s spinning out its software business. And we have a catalyst November. They’re having an analyst day, and we’re going to learn more about the information about the spin. You know, I like spins. Spins work. They’re growing mid-single digits and margins are in expansion mode. And then the software piece, the total addressable market is like 90 billion. They’re growing mid-single digits and I think when they get away from the parent, they’ll be able to focus more on growth and see an acceleration in revenue. So it’s a spin story and it’s that’s the catalyst and that’s the reason in addition to maybe auto parts are just kind of lagging and maybe we’re in for a recovery,” the analyst said at the time.

While we acknowledge the risk and potential of APTV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than APTV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.