TD Cowen analyst Joseph C Giordano maintains $Sensata Technologies (ST.US)$ with a buy rating, and maintains the target price at $45.
According to TipRanks data, the analyst has a success rate of 64.8% and a total average return of 10.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sensata Technologies (ST.US)$'s main analysts recently are as follows:
Market dynamics are obscuring the underlying improvements, and sentiment around auto markets must stabilize before there's significant interest in the shares, despite the occurrence of tangible positive changes.
Analysts note that reduced performance in Sensing markets influenced Q4 projections by approximately $30M compared to earlier expectations. As the company navigates the evolution of its EV business model and the ongoing supply chain crisis, its current priorities include enhancing overall production efficiencies, investing in selective automation, and improving financial processes.
Sensata's third-quarter results aligned with expectations, yet forecasts for fourth-quarter sales and earnings per share are anticipated to fall short of the consensus.
Note:
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