Berenberg Assumes Aptive PLC. (APTV) at Buy

September 28, 2022 3:56 AM EDT
Get Alerts APTV Hot Sheet
Price: $103.73 -1.39%

Rating Summary:
    19 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
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Berenberg analyst Jared Maymon assumes coverage on Aptive PLC. (NYSE: APTV) with a Buy rating and a price target of $130.00.

The analyst comments "We believe APTV will capture a disproportionately large share of the expanding tier-1 automotive supplier TAM. We believe APTV is a market leader in key parts of next generation technology (i.e., high-voltage terminals and connectors, domain controllers, radar, and software). In our view, APTV’s Signal & Power Solutions (SPS) content per vehicle (CPV) is rising from ~$500 in internal combustion engine vehicles (ICE) to ~$1,100 in EV’s, which should lead to annual growth over market (GoM) of 4%-6% through 2026E. The Active Safety & User Experience (ASUX) business should provide further growth potential as APTV captures share in the software defined vehicle (leading to GoM of 8%-10% through 2026E)."

For an analyst ratings summary and ratings history on Aptive PLC. click here. For more ratings news on Aptive PLC. click here.

Shares of Aptive PLC. closed at $83.00 yesterday.

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