Amphenol Poised For Growth With AI Server Boom, Rising Copper Content, CIT Acquisition: Analyst
Portfolio Pulse from Anusuya Lahiri
Amphenol Corp (NYSE: APH) is expected to see growth driven by the AI server market, increased copper content, and the acquisition of Carlisle Interconnect Technologies (CIT). Citigroup analyst Asiya Merchant has maintained a Buy rating and raised the price target from $135 to $160. The company reported strong fiscal first-quarter 2024 results, with sales growth of 9% year-on-year and adjusted EPS of $0.80, beating analyst estimates. Amphenol stock has gained over 76% in the last 12 months. Investors can gain exposure via VictoryShares THB Mid Cap ETF (NASDAQ: MDCP) and AdvisorShares Focused Equity ETF (NYSE: CWS).
May 28, 2024 | 6:59 pm
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POSITIVE IMPACT
Amphenol Corp is expected to benefit from the AI server market, increased copper content, and the CIT acquisition. Citigroup analyst Asiya Merchant has raised the price target to $160, citing multiple revenue and EPS growth drivers.
The analyst's positive outlook and raised price target, along with strong recent earnings and strategic acquisitions, suggest a likely upward movement in APH's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
AdvisorShares Focused Equity ETF, which includes Amphenol Corp, may see positive impact due to the expected growth in APH's stock.
As CWS includes APH, the positive outlook for Amphenol could lead to gains for the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
VictoryShares THB Mid Cap ETF, which includes Amphenol Corp, may see positive impact due to the expected growth in APH's stock.
As MDCP includes APH, the positive outlook for Amphenol could lead to gains for the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50