Amphenol Corporation (NYSE:APH) ranks among the best growth stocks to buy for the next 10 years. On July 25, Truist Securities maintained its Buy rating on Amphenol Corporation (NYSE:APH) and boosted its price target from $102 to $126. Despite lingering international tariff uncertainties, the adjustment followed what Truist called “impressive results and guidance” from the connector and sensor producer.
According to Truist, Amphenol’s reduced sequential projection in AI revenues, which was the catalyst for the stock’s negative market reaction, was simply “just a speed bump” rather than a serious concern. The firm states that Amphenol’s position in the AI industry remains “strong and stable,” and both Q2 and Q3 end markets have grown quarter-over-quarter after an over-shipment from Q2 was removed.
Amphenol Corporation (NYSE:APH) is a leading designer, manufacturer, and marketer of coaxial and high-speed specialty cable, as well as electrical, electronic, and fiber optic connectors and sensor-based devices.
While we acknowledge the potential of APH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
Disclosure: None.
