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Amphenol (APH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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MCB, HBT and APH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 27, 2024.
Amphenol is benefiting from strategic acquisitions and increased demand in AI, 5G, and aerospace, making it an attractive investment.
I reiterate a “Buy” rating on Amphenol Corporation with a one-year target price of $95 per APH share, driven by strong performance in IT Datacom and AI applications. Amphenol reported 20% organic revenue growth and 34% adjusted EPS growth in Q4 FY24, significantly beating market expectations and showcasing robust demand in AI applications. The company's acquisition of CommScope's Mobile Network business is expected to scale its broadband and mobile network segments, contributing to overall revenue growth in FY25.
Amphenol (APH) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Amphenol's fourth-quarter 2024 Communications Solutions sales increase year over year, driven by strong sales in the defense end market.
Amphenol Corporation APH reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates on Wednesday.
Citi raised the firm's price target on Amphenol to $89 from $82 and keeps a Buy rating on the shares. The company reported a "clean" Q4 beat with above-consensus Q1 sales and earnings guidance, the analyst tells investors in a research note. The firm estimates artificial intelligence sales represented $450M-$500M in Q4 and thinks order momentum accelerated during the quarter. It expects AI spending momentum, coupled with cyclical recovery in traditional data centers and accretive acquisitions, should accelerate Amphenol's earnings growth rates.
Amphenol Corporation (NYSE:APH ) Q4 2024 Earnings Conference Call January 22, 2025 1:00 PM ET Company Participants Craig Lampo - Chief Financial Officer Adam Norwitt - Chief Executive Officer Conference Call Participants Luke Junk - Baird Samik Chatterjee - JPMorgan Amit Daryanani - Evercore Mark Delaney - Goldman Sachs Asiya Merchant - Citigroup Joe Spak - UBS Andrew Buscaglia - BNP William Stein - Truist Securities Saree Boroditsky - Jefferies Guy Hardwick - Freedom Capital Markets Wamsi Mohan - Bank of America Steven Fox - Fox Advisors Scott Graham - Seaport Research Operator Hello, and welcome to the Fourth Quarter Earnings Conference Call for Amphenol Corporation. Following today's presentation, there will be a formal question-and-answer session.