TE Connectivity Plc (NYSE: TEL) Sees Price Target Increase from Truist Financial

Core Viewpoint - TE Connectivity Plc (NYSE: TEL) has shown strong financial performance, leading to an increased price target from Truist Financial, reflecting growing confidence in the company's future prospects [1][5]. Financial Performance - TEL reported fourth-quarter adjusted earnings of $2.44 per share, exceeding the expected $2.29 and representing a 25% increase from last year's $1.95 [2][5]. - Revenue for the quarter rose by 17% to $4.75 billion, surpassing the forecast of $4.58 billion, with an 11% organic growth [2][5]. Future Projections - The company anticipates first-quarter adjusted earnings per share of $2.53, a 23% year-over-year increase, which is above analysts' estimates of $2.17 [3]. - TEL expects sales of $4.50 billion for the first quarter, reflecting a 17% increase on a reported basis and 11% organically year over year, exceeding the consensus estimate of $4.34 billion [3]. Market Performance - TEL's stock is currently priced at $244.72, showing an increase of approximately 1.64% or $3.96, with a market capitalization of around $72.31 billion [4].