Stifel Maintains Hold on ON Semiconductor, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg has maintained a Hold rating on ON Semiconductor (NASDAQ:ON) and increased the price target from $72 to $85.
January 02, 2024 | 7:54 pm
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Stifel analyst Tore Svanberg maintains a Hold rating on ON Semiconductor but raises the price target from $72 to $85, indicating a positive outlook on the stock's value.
The increase in price target by Stifel suggests an improved valuation of ON Semiconductor, which could lead to increased investor interest and a potential rise in the stock price in the short term. However, the Hold rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals to warrant a Buy rating at this time.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100