Sensata Technologies Holding's (ST) share rally this year has been supported by improved cash flow and "mounting operational rigor" under new top executives, Oppenheimer said Wednesday in a report.

"The improved internal visibility and insight has established clearly upgraded command of guidance and execution pathways," the report said.

Chief Financial Officer Andrew Lynch succeeded Brian Roberts earlier this year following the arrival of Stephan von Schuckmann as chief executive officer. "Lynch tracked and co-cultivated the revamp and buildout of financial metrics and operations measurement tools in lockstep collaboration with Roberts," Oppenheimer said.

Sensata continues to expect 3% organic growth in 2026, the report said. The company supplies sensors and controls used across automotive, industrial and appliance markets

Oppenheimer maintained its outperform rating on Sensata stock, citing a "significant ramp in new business wins over the past several years, capital allocation pivot to debt

reduction, and solid positioning for margin performance."

The firm's price target on the stock is $43.

Price: 32.97, Change: -0.93, Percent Change: -2.74