Wells Fargo Maintains Overweight Rating on ON Semiconductor with Raised Price Target
On June 9, Wells Fargo raised its price target for ON Semiconductor (NASDAQ:ON) to $140 from $115 while maintaining an 'Overweight' rating. The firm highlighted the potential of physical AI and humanoid robotics as a long-term growth driver in semiconductor markets.
Tickers: $ON
Topics: AI Hardware GaN Technology Semiconductors