Baird Raises Amphenol (APH) PT to $127 After Strong Q2 Results

Amphenol Corporation (NYSE:APH) is one of the best growth stocks to buy for the next 2 years. On August 19,  Baird raised the firm’s price target on Amphenol to $127 from $118, while maintaining an Outperform rating on the shares. Before this announcement, the company also announced record-breaking results for Q2 2025.

Sales reached $5.7 billion, which was a 57% increase year-over-year. This was attributed to strong organic growth across all its end markets, with a notable contribution from the IT datacom sector, and strategic acquisitions. The company’s profitability also saw significant gains. GAAP diluted EPS increased by 110% to $0.86, while adjusted diluted EPS rose by 84% to $0.81.

Amphenol generated $1.4 billion in operating cash flow and $1.1 billion in free cash flow, and it returned ~$360 million to shareholders through dividends and stock repurchases. During the quarter, the company also completed the acquisition of Narda-MITEQ, which designs and manufactures advanced radiofrequency and microwave components, complementing Amphenol’s offerings in the defense market.

Amphenol Corporation (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the US, China, and internationally. It has 3 segments: Harsh Environment Solutions, Communications Solutions, and Interconnect & Sensor Systems.

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Disclosure: None. This article is originally published at Insider Monkey.