Wells Fargo raised the firm’s price target on On Semi (ON) to $70 from $62 and keeps an Overweight rating on the shares. The firm has updated its bottom-up Semi industry model and reviewed key themes ahead. Wells would highlight Industrial and Electrical leading AI indicators, AI token-driven supply / demand model, and WFE die-to-wafer models.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ON:
- 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
- On Semi price target raised to $65 from $60 at Piper Sandler
- In Today’s Climate, Even a $3 Million Chip Deal Can Trigger U.S. Security Pushback