Sensata price target raised to $48 from $43 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Sensata (ST) to $48 from $43 and keeps a Buy rating on the shares. Sensata reported a solid Q1 with 4% organic revenue growth, margin expansion, and record free cash flow conversion, despite ongoing supply chain volatility, the analyst tells investors in a research note. Growth was broad-based across segments, supported by automotive outperformance, HVAC product cycles, and early traction in data center design wins, with management signaling readiness to take cost actions if macro conditions deteriorate to help protect margins, the firm says.