Needham Initiates Coverage On ON Semiconductor with Buy Rating, Announces Price Target of $17
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Rajvindra Gill has initiated coverage on ON Semiconductor (NASDAQ:ON) with a Buy rating and a price target of $17.
August 01, 2023 | 10:45 am
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ON Semiconductor has been initiated with a Buy rating by Needham, with a price target of $17.
The initiation of coverage by Needham with a Buy rating indicates a positive outlook for ON Semiconductor. The price target of $17 suggests that the analyst believes there is potential for the stock price to increase. This could lead to increased investor interest and potentially a rise in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100