Street View: TE Connectivity to benefit from long-term EV demand
Electric components maker TE Connectivity TEL.N forecast Q2 profit above Wall Street estimates on Wednesday, supported by surging demand for its AI-related tools and products
CEO Terrence Curtin told Reuters he expects TEL's industrial segment to stay strong, citing trends witnessed in its order book
Median PT of 21 brokerages covering the stock is $274.5 - data compiled by LSEG
STRONG EARNINGS MOMENTUM
Wells Fargo (raises PT to $249 from $245), says TEL expects to grow 4%-6% faster than the overall auto market, given strong long‑term demand for EVs and continued growth in China; raises FY26 EPS estimate to $11 from $10.95
BofA (raises PT to $290 from $280), cites strong earnings momentum with double‑digit EPS growth from continued industrial segment expansion and rising content per vehicle, which is the value of components TEL supplies for each vehicle; lifts FY26 EPS estimate to $11 from $10.66
Truist (raises PT to $244 from $240), notes relatively stronger Q1 sales through distribution channels vs direct sales, signaling improving component demand; sees FY26 EPS at $11.08 vs $9.26 earlier
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