JP Morgan maintains Neutral on Insight Enterprises, raises PT to $165.

JP Morgan maintains Neutral on Insight Enterprises, raises PT to $165.

TE Connectivity (TEL) has received a moderate buy rating from 11 analysts over the past three months, according to TipRanks. The average price target for the stock is $180.54, representing a 2.91% upside from its current price of $175.44 [1].

The analysts' consensus is driven by TEL's strong financial performance and strategic growth initiatives. The company's robust earnings and industrial segment growth are significant positives. However, high valuation and potential short-term price consolidation are considerations [1].

Among the top analysts, UBS has reiterated its buy rating with a price target of $201.00, representing a 14.57% upside. Goldman Sachs also reiterated its buy rating, raising the price target to $200.00. Bank of America Securities reiterated its buy rating with a price target of $190.00, while Wells Fargo stuck to its hold rating [1].

TEL's overall stock score of 78 reflects its strong performance and growth initiatives. The company's earnings and industrial segment growth are significant positives, although high valuation and potential short-term price consolidation are considerations [1].

In the current month, TEL has received 9 buy ratings, 2 hold ratings, and 0 sell ratings. The average analyst price target in the past three months is $180.54 [1].

TEL's next quarter's earnings estimate is $2.07, with a range of $2.05 to $2.10. The previous quarter's EPS was $2.10. TEL beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 48.61% of the time in the same period. In the last calendar year, TEL has outperformed its overall industry [1].

TEL's next quarter's sales forecast is $4.31B, with a range of $4.23B to $4.37B. The previous quarter's sales results were $4.14B. TEL beat its sales estimates 50.00% of the time in the past 12 months, while its overall industry beat sales estimates 47.96% of the time in the same period. In the last calendar year, TEL has outperformed its overall industry [1].

References:
[1] https://www.tipranks.com/stocks/tel/forecast