Aptiv Analysts Boost Their Forecasts Following Upbeat Results

Financial Performance - Aptiv PLC reported quarterly revenue of $4.91 billion, exceeding estimates of $4.89 billion [1] - Adjusted earnings were $1.75 per share, surpassing estimates of $1.65 per share [1] - For the first quarter, Aptiv expects revenue between $4.64 billion and $4.84 billion, compared to estimates of $4.81 billion [2] - The company anticipates first-quarter adjusted earnings of $1.40 to $1.60 per share, against estimates of $1.49 per share [2] - Full-year revenue is expected to be between $19.6 billion and $20.4 billion, compared to estimates of $19.96 billion [3] - Full-year adjusted earnings are projected at $7 to $7.60 per share, exceeding estimates of $6.92 per share [3] Market Outlook - Aptiv's CEO emphasized the company's focus on enabling customers to transition to a software-defined future [1] - The company is executing the separation of its Electrical Distribution Systems business, aiming to create two independent companies to better address customer needs and market opportunities [2] Analyst Ratings - Wells Fargo analyst raised Aptiv's price target from $76 to $86 while maintaining an Overweight rating [6] - UBS analyst increased the price target from $82 to $91, maintaining a Buy rating [6] - Oppenheimer analyst raised the price target from $83 to $85, keeping an Outperform rating [6] - RBC Capital analyst boosted the price target from $75 to $82 while maintaining an Outperform rating [6]