Arrow Electronics stock poised for further gains on AI demand and backlog growth

seekingalpha.com

Arrow Electronics stock has surged 75% in six months but still offers significant upside potential due to strong AI demand and a growing backlog. The company benefits from robust AI-driven demand, a growing backlog, and improved margin visibility, with Q1 sales up 39% and non-GAAP EPS up 190%. Arrow Electronics trades at a discount to its sector median, with analysts projecting a target of $220–$230 per share.


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Arrow Electronics stock poised for further gains on AI demand and backlog growth | News Minimalist