Arrow Electronics jumps as Truist upgrades to Buy, hikes target to $183
Arrow Electronics (ARW) is rising after Truist Securities upgraded the stock to Buy from Hold and raised its price target to $183 from $148. The firm also lifted its 2027 EPS estimate to $18.30 from $15.54, helping drive renewed investor interest in the shares.
1. What’s moving the stock today
Arrow Electronics shares are higher in Monday trading after Truist Securities upgraded the stock to Buy from Hold and increased its price target to $183 from $148. Truist also raised its calendar-year 2027 earnings-per-share estimate to $18.30 from $15.54, signaling stronger profit expectations beyond the near term. (in.investing.com)
2. Why the call matters
A rating upgrade paired with a sizable target hike can quickly shift investor positioning, especially for a cyclical electronics distributor where sentiment often tracks expectations for the next leg of the earnings cycle. Truist’s higher 2027 EPS view points to confidence that Arrow’s earnings power can improve as industry conditions normalize and operational leverage returns. (in.investing.com)
3. What to watch next
Investors will be looking for follow-through in estimate revisions and additional analyst commentary that supports a multi-quarter recovery narrative. Arrow’s next earnings report is expected on April 29, 2026, which could be the next major catalyst for the stock if results and forward commentary reinforce the improved longer-dated profit outlook. (chartmill.com)