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TE Connectivity plc (NYSE:TEL) is among the most undervalued tech giants to buy according to hedge funds. As of December 26, TE Connectivity plc (NYSE:TEL) has a ‘Buy’ or equivalent rating from 65% of the analysts covering the stock. With a median price target of $280, the stock has an upside potential of around 21%. On December 19, Truist lifted the price target on TEL to $240 from $239, while maintaining a ‘Hold’ rating on the stock. This reflects an upside potential of 3%.
Following the inclusion of 2027 forecasts, the firm updated price targets for the semiconductor and artificial intelligence sectors. Although challenges associated with securing the power needed to run AI infrastructure and sourcing the funds required remain, AI infrastructure semiconductor stocks still “remain cheap” relative to their growth, Truist noted. The firm sees “more upside pressure” to guidance for the group relative to the diversified analog semis entering into 2026. AI capital expenditure upside will continue over the next year, the analyst concluded.
Earlier on December 10, Jefferies reaffirmed its Buy rating on TE Connectivity plc (NYSE:TEL) with a $280 price target. According to the analyst, the firm’s 2026 Multi-Industrials sector positioning is based on three themes: 1. exposure to power and data centers; 2. margin expansion through internal productivity; and 3. a cyclical recovery after two years of subdued volumes.
TE Connectivity plc (NYSE:TEL) is an Ireland-based company specializing in connectivity and sensor solutions. Founded in 1941, the company operates through two segments: Transportation Solutions and Industrial Solutions.
While we acknowledge the potential of TEL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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