Amphenol Corp. Shares Surpass Analyst Target; What’s Next?
In recent trading, shares of Amphenol Corp. (Symbol: APH) have surpassed the average analyst 12-month target price of $85.07, currently trading at $85.78/share. When stocks reach an analyst-set target, analysts typically have two options: they can either downgrade on valuation or adjust their target price upward. Their reactions might also hinge on the substantial business developments that could be driving the stock price higher.
The average target for Amphenol is derived from the insights of 15 different analysts within the Zacks coverage universe. However, it’s important to note that this average is merely a statistical mean. For example, some analysts have lower targets, with one predicting a price of $70.00. Conversely, another analyst has set a target as high as $102.00. The standard deviation stands at $7.304.
This approach to analyzing the average APH price target gathers insights from a collective “wisdom of crowds,” rather than relying on the opinion of a single expert. With APH now exceeding the average target price of $85.07/share, investors are encouraged to reassess the company: does this signal a progression toward an even higher target, or has the valuation become stretched enough to consider taking profits? Below is a table detailing the current consensus among analysts covering Amphenol Corp:
| Recent APH Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 12 | 11 | 11 | 11 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 4 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.5 | 1.53 | 1.53 | 1.53 |
The average rating, shown in the last row of the table, ranges from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Strong Sell. Data was gathered from Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
