Stifel analyst Tore Svanberg raised the firm’s price target on On Semi (ON) to $60 from $50 and keeps a Hold rating on the shares as part of the firm’s Q4 earnings preview for the analog, connectivity and processors group. The firm sees analog appetite returning, even as AI infrastructure remains strong and edge AI becomes “more of a reality,” the analyst tells investors in the preview.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ON:
- On Semi price target raised to $66 from $54 at Citi
- On Semi price target raised to $70 from $62 at Wells Fargo
- Why Rare Earths Are Back at the Center of U.S.-China Tensions and Market Risk
- On Semi price target raised to $72 from $62 at Mizuho
- The VanEck Semiconductor ETF (SMH) News: Weekly Fund Flow Statistics – 1/7/26