Jefferies Raises ON Semiconductor Price Target to $73, Cites AI Data-Center Strength
Jefferies increased its price target on ON Semiconductor to $73 from $65 while keeping a Buy recommendation. The new target implies roughly 12% upside from the stock's current price of $65.08, with the share price trading close to its 52-week high of $66.86. The firm pointed to growth in AI data-center demand, which accounts for about 7% of ON’s re…