11:17 AM EDT, 03/19/2026 (MT Newswires) -- Bel Fuse ( BELFA ) could see growth from stronger demand, better sales execution, defense and AI exposure, and targeted deals, Oppenheimer said in a note Thursday.

Oppenheimer said Bel's sales changes, including new tools, new pay plans, and a stronger sales team, should help it win more business over time.

Defense is expected to stay a key growth driver, with demand tied to munitions, secure communications, radars, and other military uses, the investment firm said.

Bel has room to grow in space, networking, and AI, helped by long customer ties and rising AI-related sales, while the dataMate purchase could support future growth as well, according to the note.

Oppenheimer kept the company's outperform rating and $265 price target.

Price: 208.21, Change: +2.47, Percent Change: +1.20