New York, Jan 15, 2026, 19:55 EST — After-hours
- Amphenol shares climbed 5.1% during regular trading and pushed even higher in after-hours action
- The company announced a mandatory open offer for ADC India Communications connected to its recent CommScope CCS acquisition
- Analysts raised their price targets ahead of Amphenol’s quarterly report set for Jan. 28
Amphenol Corp shares surged 5.1% to close at $154.22 on Thursday, then added another 0.5% in after-hours trading, reaching $154.99. During the session, the stock peaked at $156.28. (StockAnalysis)
The rally is significant because investors see interconnect makers as a stand-in for the upcoming surge in data-center spending, particularly tied to AI-driven server and networking upgrades. Amphenol’s earnings report, due late January, sits right at the heart of this trade.
Deal math is also at play here. Investors are wrestling with the impact of the latest acquisition on growth and margins, and how fast the company can integrate it smoothly.
On Thursday, Amphenol announced terms for an “open offer” in India — a mandatory tender offer triggered by local takeover rules when control shifts — to acquire up to 1,196,000 shares of ADC India Communications, representing 26% of its voting share capital. The offer stands at 1,233.59 Indian rupees per share (around $13.68), which would total about $16.36 million in cash if fully subscribed. The company added that the offer has no minimum acceptance condition. (Business Wire)
The open offer follows Amphenol’s $10.5 billion cash purchase of CommScope’s Connectivity and Cable Solutions unit, which closed on Jan. 9, according to a filing. At closing, Amphenol projected the business would contribute roughly $4.1 billion in sales by 2026 and boost earnings per share by about $0.15 that same year, excluding acquisition-related costs. CEO R. Adam Norwitt described the acquisition as a move that “adds significant fiber optic interconnect capabilities” for IT datacom and communications networks. (SEC)
Wall Street is doubling down on the Amphenol story. Goldman Sachs bumped its price target to $183 from $165 and maintained a Buy rating, pointing to robust data-center demand, according to a research note featured by TheFly. (TipRanks)
BofA raised its target to $165 from $163, keeping a Buy rating intact. The bank anticipates a quarterly beat paired with what it calls “conservative” guidance. It also bumped its FY2026 revenue and EPS forecasts to $31.2 billion and $4.41, per TheFly. (TipRanks)
UBS analyst Joseph Spak boosted his price target to $174 from $152 and kept a Buy rating, according to a GuruFocus summary. The report also noted other recent upgrades, including from Barclays’ Guy Hardwick and Citi’s Asiya Merchant earlier this week. (GuruFocus)
Those target hikes cut both ways. As the stock moves quickly, traders will focus on whether management’s next update bolsters the data-center story or pulls back, even a bit. They’ll also be keen on any remarks about margins as the CCS assets come online.
Amphenol plans to release its fourth-quarter results and host a conference call on Wednesday, Jan. 28 at 1:00 p.m. ET, as noted on its investor events calendar. (Amphenol Investor Relations)
But the setup carries risks. Integration hiccups, one-off expenses dragging on longer than planned, or a slowdown in customer orders could weigh on a stock that’s started trading more like a momentum play.
Jan. 28 is the next key date. Traders want details on how CCS integration is unfolding, the demand trends in IT and datacom, and if the 2026 guidance aligns with the latest price targets.
