Pivotal Point Tracking ON Semiconductor (ON): Silicon Carbide Specialist Benefits from Price Target Doubling to $115 by B. Riley!
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ON Semiconductor is a leading semiconductor manufacturer specializing in intelligent power and image sensor solutions. On April 23, a massive upgrade by the analysis firm B. Riley triggered a surge in stock prices, nearly doubling the price target from previously $64 to now $115. The company significantly benefits from the transition to 900V electric vehicle platforms, as evidenced by the expanded collaboration with NIO. The EliteSiC technology reduces heat losses and increases the range of electric vehicles. Additionally, the company is gaining...
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