Sensata Technologies: IoT Sensor Market Growth And M&A Imply $73 Price Target

Summary

  • Sensata Technologies Holding is a global industrial technology company that develops, manufactures, and sells sensors and rich sensor solutions, components, and electrical protection systems, among other products.
  • It is also worth noting that the IoT sensor market size is expected to grow at a CAGR of close to 28% from 2021 to 2030.
  • Sensata appears to buy targets for obtaining new technologies and capabilities.
  • Xirgo Technologies, LLC, Elastic, SmartWitness Holdings, Inc., and Dynapower brought new types of data insights to transportation and logistics customers as well as sensor-based insights.

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Sensata Technologies Holding plc (NYSE:ST) operates in growing markets like the IoT sensor market, and has exposure to very different sectors and a large portfolio of products. I believe that further electrification of the economy and growth of the demand

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I am an M&A investment advisor with 10+ years of experience. I used to work for a big institution. I like M&A deals, value investing, and emerging markets. If you see an error please contact: wangluxem@financier.comQuingshan Capital Management provides articles for informational purposes only. I only give my opinion. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on my articles constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ST either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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