Baird analyst Tristan Gerra raised the firm’s price target on ON Semiconductor to $100 from $80 and keeps an Outperform rating on the shares. The analyst noted ON Semi reiterated its financial targets including for SiC revenue despite SiC expected to weigh on gross margin next year, beyond our initial expectation.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ON:
- ON Semiconductor price target raised to $89 from $70.40 at Morgan Stanley
- ON Semiconductor price target raised to $88 from $69 at Benchmark
- ON Semiconductor price target raised to $95 from $81 at Cowen
- BofA maintains STMicroelectronics estimates after ON confirms Tesla as customer
- ON Semiconductor price target raised to $100 from $80 at Susquehanna