Analyst Cody Acree of Benchmark Co. maintained a Buy rating on Tower, retaining the price target of $120.00.
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Cody Acree’s rating is based on the firm’s active engagement with Tower Semiconductor through a dedicated virtual investor event, which signals a constructive and research-intensive stance toward the company. By organizing a fireside chat with senior Tower executives, he is underscoring the importance of direct access to management as a way to deepen understanding of Tower’s strategy, operations, and long-term prospects.
In particular, having both the company’s president and its senior strategic director participate highlights Tower’s commitment to discussing its roadmap and competitive positioning with investors, which typically supports a favorable view on transparency and growth outlook. The invitation for investors to actively participate via Q&A further suggests confidence in the company’s narrative and fundamentals, aligning with Acree’s decision to maintain a positive, Buy-oriented stance on the stock.