What Is The Most Undervalued MANGO (Semiconductor) Stock Right Now?
Portfolio Pulse from Surbhi Jain
BofA Securities analyst Vivek Arya introduced MANGO, a semiconductor stock grouping including Marvell Technology (MRVL), Advanced Micro Devices (AMD), Analog Devices (ADI), Broadcom (AVGO), Nvidia (NVDA), GlobalFoundries (GFS), and On Semiconductor (ON). The grouping aims to highlight industry leaders. Nvidia and Broadcom lead in performance, while GlobalFoundries and Onsemi lag. ON Semiconductor and GlobalFoundries are identified as undervalued, with potential upsides of 18.35% and 12.27%, respectively, based on analyst price targets.
April 09, 2024 | 5:28 pm
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GlobalFoundries is considered undervalued with a healthy EV/Sales ratio and a potential 12.27% upside based on recent analyst price targets.
Despite recent declines, GlobalFoundries' favorable EV/Sales multiple and the analyst-forecasted upside indicate a positive short-term outlook.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
ON Semiconductor is highlighted as undervalued with a P/E ratio of 16.05 and EV/Sales ratio of 3.72, with an 18.35% upside potential based on analyst targets.
ON Semiconductor's lower P/E and attractive EV/Sales ratios, combined with a significant analyst-forecasted upside, suggest a strong potential for short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90