ON Semiconductor's Q3 Solid, Analysts Highlight L-Shaped Recovery
Portfolio Pulse from Priya Nigam
ON Semiconductor reported solid Q3 results with revenues slightly above expectations, but guidance for a flat Q4 due to ongoing demand weakness. Analysts have mixed views, with some lowering price targets while maintaining Buy ratings, and others highlighting potential growth in the data center and EV markets.
October 29, 2024 | 3:17 pm
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ON Semiconductor's Q3 results were solid, but guidance for Q4 is flat due to demand weakness. Analysts maintain Buy ratings, citing potential in data centers and EV markets, but some have adjusted price targets.
ON Semiconductor's Q3 results were slightly better than expected, but the guidance for Q4 is flat, indicating ongoing demand weakness. Analysts have mixed views, with some lowering price targets while maintaining Buy ratings. The potential growth in data centers and EV markets is a positive factor, but the overall demand softness tempers short-term optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100