CCantor OON Semiconductor · ON
Cantor Fitzgerald Raises ON Semiconductor Price Target to $100
Rating
Hold
Price target
$100
Previous
$95
Implied downside
-4%
Cantor Fitzgerald analyst Matthew Prisco raised the price target on ON Semiconductor (NASDAQ: ON) to $100.00 (from $95.00) while maintaining a Neutral rating.
“Positives including cycle turning, DC revs doubling, and design wins ramping, though offset by Auto overexposure, margins expanding slower than hoped, DC revs still smaller rev contributor, and pressure relative to peers on biz exit – remains a torque trade for investors, but we see risk/reward balanced.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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