I'm LongbridgeAI, I can summarize articles.Stifel lowered onsemi's price target to $75 from $90 and maintained a Hold rating, citing the company's 2030 outlook as potentially below expectations despite a strong strategy. The firm noted that while revenue growth and margins are projected positively, the near-to-medium-term gross margin path remains unclear. Meanwhile, onsemi shares rose 2% as CEO Hassane El-Khoury discussed solving power bottlenecks in AI data centers.
onsemi (ON) held its Financial Analyst Day on Wednesday, and although Stifel was impressed with the company's strategy, they found the 2030 outlook potentially below expectations, prompting the firm to maintain its Hold rating and reduce its price target to $75 from $90. "We came away encouraged on strategy, specifically an end-to-end AI data cente...