JPMorgan analyst Harlan Sur raised the firm’s price target on On Semi (ON) to $70 from $56 and keeps a Neutral rating on the shares. The firm views the company’s Q4 report as solid. It increased forward estimates slightly post the earnings print.
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Read More on ON:
- On Semi price target raised to $75 from $65 at Piper Sandler
- On Semi price target raised to $68 from $66 at Citi
- Balanced Outlook on ON Semiconductor: Gradual Margin Recovery and AI Upside Tempered by Near-Term Rebound Uncertainty
- Buy Rating Backed by Secular Growth and Margin Recovery Potential Supporting Raised $75 Target
- Closing Bell Movers: Upwork down over 20% on soft guidance
