Baird Raises Amphenol (APH) PT to $127 After Strong Q2 Results

Amphenol Corporation (NYSE:APH) is one of the best growth stocks to buy for the next 2 years. On August 19,  Baird raised the firm’s price target on Amphenol to $127 from $118, while maintaining an Outperform rating on the shares. Before this announcement, the company also announced record-breaking results for Q2 2025.

Baird Raises Amphenol (APH) PT to $127 After Strong Q2 Results

Sales reached $5.7 billion, which was a 57% increase year-over-year. This was attributed to strong organic growth across all its end markets, with a notable contribution from the IT datacom sector, and strategic acquisitions. The company’s profitability also saw significant gains. GAAP diluted EPS increased by 110% to $0.86, while adjusted diluted EPS rose by 84% to $0.81.

Amphenol generated $1.4 billion in operating cash flow and $1.1 billion in free cash flow, and it returned ~$360 million to shareholders through dividends and stock repurchases. During the quarter, the company also completed the acquisition of Narda-MITEQ, which designs and manufactures advanced radiofrequency and microwave components, complementing Amphenol’s offerings in the defense market.

Amphenol Corporation (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the US, China, and internationally. It has 3 segments: Harsh Environment Solutions, Communications Solutions, and Interconnect & Sensor Systems.

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. This article is originally published at Insider Monkey.