Citigroup raises ON Semiconductor price target to $120
Citigroup analyst Atif Malik maintains a Neutral rating on ON Semiconductor and raises the price target to $120 from $100.
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Citigroup analyst Atif Malik maintains a Neutral rating on ON Semiconductor and raises the price target to $120 from $100. The adjustment reflects a revised valuation outlook for the stock, which trades on the NASDAQ under the ticker ON.
Rating and Price Action
The brokerage firm retained its Neutral stance on the semiconductor company while increasing its price objective. The new target of $120 represents a significant increase from the previous $100 level.
| Metric | Value |
|---|---|
| Rating | Neutral |
| Previous Price Target | $100 |
| New Price Target | $120 |
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