Analysts Offer Insights on Technology Companies: ON Semiconductor (ON) and Eutelsat Communications (OtherEUTLF)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on ON Semiconductor (ONResearch Report) and Eutelsat Communications (EUTLFResearch Report) with bullish sentiments.

ON Semiconductor (ON)

Susquehanna analyst Christopher Rolland reiterated a Buy rating on ON Semiconductor on March 11 and set a price target of $75.00. The company’s shares closed last Thursday at $62.61.

According to TipRanks.com, Rolland is a top 25 analyst with an average return of 27.6% and a 78.1% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and NXP Semiconductors.

Currently, the analyst consensus on ON Semiconductor is a Moderate Buy with an average price target of $72.10, representing an 12.0% upside. In a report issued on February 28, Jefferies also maintained a Buy rating on the stock with a $75.00 price target.

See the top stocks recommended by analysts >>

Eutelsat Communications (EUTLF)

Deutsche Bank analyst Roshan Ranjit maintained a Buy rating on Eutelsat Communications on March 16 and set a price target of EUR13.00. The company’s shares closed last Wednesday at $10.65, close to its 52-week low of $10.11.

Ranjit has an average return of 2.9% when recommending Eutelsat Communications.

According to TipRanks.com, Ranjit is ranked #3721 out of 7924 analysts.

Eutelsat Communications has an analyst consensus of Moderate Buy, with a price target consensus of $13.61, a 24.8% upside from current levels. In a report issued on March 14, Barclays also maintained a Buy rating on the stock with a EUR11.70 price target.

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