Amphenol Analysts Increase Their Forecasts Following Better-Than-Expected Q3 Earnings
Portfolio Pulse from Avi Kapoor
Amphenol Corporation (NYSE:APH) reported better-than-expected Q3 earnings, with a 26% sales increase to $4.04 billion and adjusted EPS of 50 cents. Analysts have raised their price targets, with Baird setting it at $77 and B of A Securities at $74. Amphenol expects strong Q4 growth.
October 24, 2024 | 12:11 pm
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POSITIVE IMPACT
Amphenol reported strong Q3 earnings, surpassing expectations with a 26% sales increase and adjusted EPS of 50 cents. Analysts raised price targets, indicating positive sentiment. The company projects continued growth in Q4.
Amphenol's better-than-expected Q3 results and raised guidance for Q4 have led analysts to increase their price targets, suggesting a positive outlook for the stock. The company's strong performance in key markets and successful acquisition strategy contribute to this optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100