There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on ON Semiconductor (ON – Research Report) and Cadence Design (CDNS – Research Report) with bullish sentiments.
ON Semiconductor (ON)
In a report released today, Toshiya Hari from Goldman Sachs maintained a Buy rating on ON Semiconductor, with a price target of $81.00. The company’s shares closed last Monday at $65.64, close to its 52-week low of $61.47.
According to TipRanks.com, Hari is a top 100 analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ON Semiconductor with a $119.80 average price target, implying a 76.6% upside from current levels. In a report issued on April 8, Susquehanna also maintained a Buy rating on the stock with a $90.00 price target.
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Cadence Design (CDNS)
In a report released today, Gary Mobley from Wells Fargo maintained a Buy rating on Cadence Design, with a price target of $350.00. The company’s shares closed last Monday at $301.56.
According to TipRanks.com, Mobley is a 5-star analyst with an average return of
Currently, the analyst consensus on Cadence Design is a Moderate Buy with an average price target of $325.09, representing a 4.7% upside. In a report released today, KeyBanc also assigned a Buy rating to the stock with a $340.00 price target.
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