UBS analyst Joseph Spak maintains $Sensata Technologies (ST.US)$ with a buy rating, and adjusts the target price from $49 to $39.
According to TipRanks data, the analyst has a success rate of 50.2% and a total average return of -7.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sensata Technologies (ST.US)$'s main analysts recently are as follows:
Following the earnings report, Sensata demonstrated operational execution, although it encountered additional challenges.
Market dynamics are obscuring the underlying improvements, and sentiment around auto markets must stabilize before shares garner real interest. Nevertheless, tangible positive changes are occurring.
Sensata's Q4 guidance was affected by approximately $30M in comparison to prior forecasts due to weakened Performance Sensing markets. Amidst developments in the EV business model and ongoing supply chain issues, the company is now concentrating on enhancing production efficiencies, investing in selective automation, and refining financial processes.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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