Amphenol Q3: Robust Quarter For IT Datacom
Portfolio Pulse from
Amphenol Corporation reported strong Q3 results with 15% organic revenue growth and 28% adjusted EPS growth, driven by the IT Datacom market. The segment grew 59% organically year-over-year, supported by demand for AI computing and data center products. The company maintains a 'Buy' rating with an $85 target price.
November 18, 2024 | 8:30 pm
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POSITIVE IMPACT
Amphenol Corporation achieved significant growth in Q3, with 15% organic revenue and 28% adjusted EPS growth, driven by the IT Datacom market. The company maintains a 'Buy' rating with an $85 target price.
Amphenol's strong Q3 performance, particularly in the IT Datacom segment, supports the 'Buy' rating and $85 target price. The 59% organic growth in this segment indicates robust demand, likely boosting investor confidence and short-term stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100