Oppenheimer cuts Aptiv PT on AI adoption, valuation concerns

Aptiv

13/04/2026 15:16

** Oppenheimer slashes price target on Aptiv APTV.N to $84 from $106, maintains rating at "outperform"

** New PT still shows an upside of 40.8% from the stock's last close

** Shares of the auto parts supplier down more than 1.4% at about $58.81 in early trading

** Brokerage says co may struggle to scale its AI, software, and robotics efforts quickly, as customer adoption could be slower in the near-term

** Adds that after the Versigent spin-off, APTV's elevated valuation leaves it vulnerable to even modest cost or margin pressure

** Aptiv separated its electrical distribution systems business into a publicly listed company, Versigent, on April 1

** 21 of 24 brokerages rate the stock "buy" or higher, three "hold"; their median PT is $91.67 - data compiled by LSEG

** Including session's moves, shares down 8.3% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))