ON Semiconductor shares are trading higher after Roth MKM initiated coverage on the stock with a Buy rating and announced a $75 price target.
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor's stock is trading higher following a Buy rating initiation and a $75 price target from Roth MKM.
November 14, 2023 | 3:48 pm
News sentiment analysis
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POSITIVE IMPACT
ON Semiconductor's stock price is positively impacted by Roth MKM's Buy rating and $75 price target.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The Buy rating and ambitious price target set by Roth MKM suggest a positive outlook for ON Semiconductor, which is likely to encourage investors and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100