Amphenol Stock: Is Wall Street Bullish or Bearish?
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Valued at a market cap of $84.2 billion, Amphenol Corporation (APH) is a leading global provider of electrical, electronic, and fiber optic connectors, interconnect systems, antennas, sensors, and specialty cables. Based in Wallingford, Connecticut, it operates globally with a vertically integrated approach to serve original equipment manufacturers and service providers.
Shares of the fiber-optic products maker have outperformed the broader market over the past 52 weeks. APH stock has risen 34.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.4%. However, shares of APH are up nearly 2% on a YTD basis, slightly lagging behind SPX's 2.9% gain.
In addition, APH has outpaced the Technology Select Sector SPDR Fund's (XLK) 13.5% return over the past 52 weeks and a 1.4% YTD rise.
Amphenol shares climbed 7% on Jan. 22 due to its strong Q4 2024 earnings report. The company reported adjusted EPS of $0.55, beating the consensus estimate and reflecting a 34.1% year-over-year increase. Net sales grew 30% year-over-year to $4.3 billion, surpassing the consensus estimate, driven by strong demand across key markets, particularly in Communication Solutions and Harsh Environment Solutions. Additionally, record orders of $5.1 billion, a 58% increase from the previous year, boosted investor confidence in Amphenol’s growth trajectory, especially with rising AI-driven data center demand.
For the current fiscal year, ending in December 2025, analysts expect APH's EPS to grow 24.9% year-over-year to $2.36. The company's earnings surprise history is promising. It beat the consensus estimates in the last four quarters.
Among the 14 analysts covering the stock, the consensus rating is a “Strong Buy.” That’s based on 10 “Strong Buy” ratings and four “Holds.”
On Feb. 4, Truist Financial analyst William Stein reaffirmed a “Buy” rating on Amphenol and set a price target of $102.
As of writing, APH is trading below the mean price target of $86.08. The Street-high price target of $102 implies a potential upside of 43.9% from the current price levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.