Truist Financial Reiterates a Buy Rating for Amphenol Corporation (APH)

Amphenol Corporation (NYSE:APH) is one of the best stocks to invest in right now. On September 23, Truist Financial analyst William Stein reiterated a Buy rating on Amphenol Corporation (NYSE:APH) and set a price target of $123.69.

What’s Fueling Wall Street’s 90-Day Optimism on Amphenol (APH)?

Amphenol Corporation (NYSE:APH) announced on August 18 that it signed a definitive agreement to acquire Trexon for approximately $1 billion in cash, with the transaction subject to customary post-closing adjustments.

Management reported that Trexon is anticipated to have 2025 sales and EBITDA margins of approximately $290 million and 26%, respectively.

Amphenol Corporation (NYSE:APH) is involved in the design, marketing, and manufacture of electrical, electronic, and fiber optic connectors, antennas, interconnect systems, sensors and sensor-based products, and specialty cable.

The company’s operations are divided into the following segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and 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.