12 Best Internet of Things Stocks To Buy According to Analysts

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8. Emerson Electric Co. (NYSE:EMR)

Analyst Upside Potential: 15.53%

Emerson Electric Co. (NYSE:EMR) is a global technology and software company that provides innovative solutions across various industries, including industrial automation, climate control systems, and precision measurement instruments. It supports essential industries like oil and gas, power generation, chemicals, water treatment, HVAC systems (heating, ventilation, air conditioning), aerospace, and defense. The company also provides open-source IIoT platforms that support scalable analytics from device to enterprise levels.

The company has diversified its Climate control systems segment by acquiring an automated test and measurement company, called NI. It also owns 55% of the industrial software company AspenTech. On January 27, Emerson Electric Co. (NYSE:EMR) announced that it will acquire the remaining outstanding shares of AspenTech. The acquisition is part of Emerson’s broader portfolio transformation aimed at becoming a leading industrial technology company focused on automation and digital solutions.

Moreover, on February 6, Baird raised its target on the stock from $136 to $140, while keeping a Neutral rating on the stock. The firm left positive comments on Emerson Electric Co. (NYSE:EMR) stating that it is hitting its stride at just the right time. It is one of the best Internet of Things stocks to buy according to analysts.

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