New York, January 15, 2026, 13:25 EST — Regular session
- Amphenol shares rose about 6% as investors digested a new India open-offer filing and fresh Wall Street target hikes
- Goldman Sachs and BofA lifted price targets, pointing to data-center demand and expectations ahead of results
- The next test is Amphenol’s Jan. 28 earnings call and any readthrough on integration after its CommScope connectivity deal
Amphenol shares climbed about 6.4% to $156.13 in afternoon trading on Thursday, extending a sharp rally as investors weighed a fresh India open-offer update and new price-target increases from big banks.
The move matters because Amphenol has become a crowded way to play spending on data centers and high-speed networking gear. It sells connectors and high-speed cable used across servers, storage and communications networks — the unglamorous parts that still get bought when capacity is tight.
The stock’s jump also lands just ahead of the company’s quarterly report, when management’s tone on orders and margins tends to drive the next leg. Traders have been leaning on analyst previews and deal-related paperwork while they wait for that read.
Earlier on Thursday, Amphenol detailed an “open offer” — a mandatory tender offer under Indian takeover rules — to buy up to 1,196,000 shares, or 26% of ADC India Communications, at 1,233.59 rupees per share. It said the cash outlay would be about $16.36 million if fully accepted and the offer is not conditional on a minimum level of acceptance. (Business Wire)
The open offer was triggered after ADC India became an indirect majority-owned unit following Amphenol’s deal for CommScope’s Connectivity and Cable Solutions business, which Amphenol agreed to buy for $10.5 billion last year. (Reuters)
On the Street, price targets — analysts’ estimates of where a stock could trade over the next year — have been moving up. TipRanks data showed Goldman Sachs analyst Mark Delaney raised his target to $183 from $165, while Bank of America Securities analyst Wamsi Mohan nudged his to $165 from $163. UBS analyst Joseph Spak lifted his target to $174 from $152 on Wednesday. (TipRanks)
Goldman’s updated target “reflects strong data center demand,” according to a note carried by TheFly. (TipRanks)
BofA, in a separate preview circulated by TheFly, said it expects a quarterly beat with “conservative” guidance and raised its fiscal 2026 revenue and earnings-per-share (EPS) estimates to $31.2 billion and $4.41, from $30.0 billion and $4.21. (TipRanks)
But the setup cuts both ways. Amphenol’s run has pushed expectations higher, and any hint of slower order momentum, tougher pricing, or messy integration work after the CommScope asset purchase could hit the stock quickly. The India open offer is small in dollars, but it adds another moving piece — timing and shareholder participation are not in the company’s control.
Investors will next be watching Amphenol’s fourth-quarter results call on Jan. 28 at 1:00 p.m. ET, when management is expected to address demand trends and outlook, and give more color on how the acquired connectivity assets are tracking. (Amphenol)
