Sensata Technologies gains after Truist upgrades to 'buy'

Sensata Technologies Holding

13/05/2026 15:41

** U.S.-listed shares of electronic equipment maker Sensata Technologies Holding ST.N jump 7.3% to $47.61

** Truist Securities upgrades stock to "buy" from "hold", raising its PT to $58 from $43, citing what brokerage calls 'largely overlooked opportunity' in AI and datacenter market

** New PT represents 30.3% upside from last close

** Sensata currently sells temperature sensors and circuit breakers to data center customers, generating estimated $23 mln in 2026 — just 0.5% of total sales

** However, Truist sees next-gen products such as flow sensors, leak detectors and contactors will accelerate sales contribution from this end market to between 5%-13% by 2030

** "Valuation of 10.9x P/E is reasonable/low for the core business and does not contemplate any outsized growth drivers," Truist says

** Including session's moves, stock up 43.2% YTD

 (Reporting by Ragini Mathur in Bengaluru)

 ((Ragini.Mathur@thomsonreuters.com;))