TE Connectivity plc (NYSE:TEL) is considered one of the most undervalued tech giants to buy by hedge funds. Analysts covering the stock give it a ‘Buy’ rating with a median price target of $280, indicating a 21% upside potential. Truist recently raised the price target to $240 with a 3% upside potential.

Truist updated price targets for the semiconductor and AI sectors, noting AI infrastructure semiconductor stocks are still cheap relative to their growth. The firm sees more upside pressure for AI infrastructure stocks compared to diversified analog semis entering 2026. AI capital expenditure upside is expected to continue over the next year.

Jefferies reaffirmed a Buy rating on TE Connectivity plc (NYSE:TEL) with a $280 price target, based on the firm’s positioning in the Multi-Industrials sector. The company, founded in 1941, specializes in connectivity and sensor solutions with two operating segments: Transportation Solutions and Industrial Solutions.

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Read more at Yahoo Finance: Is TE Connectivity plc (TEL) an Underrated AI Infrastructure Play?