Truist maintains Buy on Belden stock, price target at $132

On Monday, Truist Securities reaffirmed their positive stance on Belden Inc . (NYSE:BDC), maintaining a Buy rating with a steady price target of $132.00. The research firm’s analyst highlighted several key factors contributing to Belden’s market position and future prospects. With a market capitalization of $4.4 billion and a highly bullish analyst consensus, InvestingPro data shows that three analysts have recently revised their earnings expectations upward for the upcoming period.

The analyst noted that Belden’s strategy of solution selling is instrumental in driving more stable growth and improving gross margins, which currently stand at 38%. This approach is seen as a significant factor in the company’s financial performance, reflected in its robust revenue growth of 6% over the last twelve months. Additionally, the convergence of Information Technology (IT) and Operational Technology (OT) is creating new opportunities for Belden to capitalize on.

The partnership with Accenture (NYSE:ACN, NR) was also mentioned as a beneficial move for Belden, contributing to its current success. This collaboration is expected to continue to support Belden’s growth and market presence.

Moreover, the potential for mergers and acquisitions (M&A) was discussed, with the analyst indicating that opportunities in this area are gradually increasing for Belden. This aspect presents another avenue for the company’s expansion and value creation.

The price target set by Truist Securities is based on a 16 times multiple of Belden’s projected calendar year 2026 earnings per share (EPS) of $8.26, which reflects a consistent 4 times discount to the S&P 500. The analyst’s sentiment is rooted in Belden’s capacity for increasingly consistent compounding of 10-12% EPS growth, which is deemed attractive given the company’s current valuation.

Investors and stakeholders in Belden Inc. are thus provided with a perspective that underscores the company’s robust sales strategy, advantageous partnerships, and a favorable outlook for growth in EPS. The maintained Buy rating and price target suggest confidence in Belden’s ability to continue its positive trajectory in the market. Trading at a P/E ratio of 20.25x, InvestingPro analysis suggests the stock is slightly overvalued at current levels. Discover more detailed insights and 8 additional ProTips about Belden in the comprehensive Pro Research Report, available exclusively to subscribers.

In other recent news, Belden Inc. reported impressive financial results for the first quarter of 2025, surpassing expectations with earnings per share (EPS) of $1.60, exceeding the forecasted $1.49. The company also reported revenues of $625 million, which beat the anticipated $614.68 million, marking a 17% year-over-year increase. Benchmark analysts maintained a Buy rating on Belden, with a price target of $120, highlighting the company’s strong order growth and a book-to-bill ratio of 1.05. During Belden’s annual stockholder meeting, all nine director nominees were re-elected, and Ernst & Young was ratified as the independent auditor. Additionally, Belden launched its new 10GXM13 Category 6A Cable, designed to meet the growing bandwidth demands of smart buildings, which is part of the company’s strategy to enhance data infrastructure solutions. The company’s outlook for the remainder of 2025 remains optimistic, despite macroeconomic uncertainties, with expectations of continued robust demand and growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.