10:55 AM EDT, 09/11/2025 (MT Newswires) -- Aptiv's ( APTV ) Electrical Distribution Systems spinoff is expected to unlock "unrealized value" for shareholders, supported by resilient global light-duty vehicle sales, Oppenheimer said in a report Thursday.

Aptiv's ( APTV ) post-spinoff business, or RemainCo, is being reframed as a diversified industrial artificial intelligence platform, Oppenheimer said, adding that it estimates RemainCo's enterprise value at $26.7 billion to $38.5 billion, or $77 to $122 per share, according to the report.

"We view its software platform as particularly leverageable in an emerging industrial AI ecosystem supporting growth in commercial, industrial, aerospace and defense applications," it added.

Meanwhile, the spun-off company, or SpinCo, is positioned for "steady growth" through margin expansion and potential mergers and acquisitions in non-automotive applications, the report said.

The brokerage estimates the combined value of Aptiv ( APTV ) could re-rate to between $95 and $141 following the spinoff.

Oppenheimer raised its price target for Aptiv ( APTV ) to $92 from $88, with an outperform rating.

Shares of Aptiv ( APTV ) were up more than 3% in recent Thursday trading.

Price: 84.34, Change: +2.73, Percent Change: +3.35