Amphenol price target raised to $82 from $81 at Citi

Citi raised the firm’s price target on Amphenol (APH) to $82 from $81 and keeps a Buy rating on the shares. The firm remains broadly positive on the connector market, which it says is expected to show continued momentum in 2025 following mid-single digit growth in 2024, underpinned by strength in IT datacom. While recent concerns around shipment delays for Blackwell and GB200 have been top of mind for investors, these are temporary and related to newer, more complex systems ramping, the analyst tells investors in a research note. Citi maintains a preference for Amphenol in the space.