The upward revision in TE Connectivity’s consensus price target primarily reflects improved revenue growth forecasts, with the fair value rising from $218.31 to $223.06.
What's in the News
- TE Connectivity will hold an Analyst/Investor Day.
- The company repurchased 2,008,212 shares for $301.07 million in the most recent tranche, completing 68.04% of its ongoing buyback program totaling $17.42 billion.
- TE Connectivity issued Q4 guidance, projecting net sales of $4.55 billion (up 12% reported, 6% organic) and GAAP EPS of $2.18 (over 140% year-over-year increase).
Valuation Changes
Summary of Valuation Changes for TE Connectivity
- The Consensus Analyst Price Target has risen slightly from $218.31 to $223.06.
- The Consensus Revenue Growth forecasts for TE Connectivity has risen from 7.0% per annum to 7.7% per annum.
- The Future P/E for TE Connectivity has risen slightly from 26.21x to 26.78x.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.