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Shares of Tower Semiconductor Ltd. (TSEM) surpassed the average analyst 12-month target price of $114.50, currently trading at $116.46. This significant milestone prompts analysts to consider either downgrading their valuation or adjusting their target prices upward based on recent business developments.
There are six analyst targets contributing to the average, with estimates ranging from as low as $80.00 to as high as $135.00, resulting in a standard deviation of $21.435. Currently, Tower Semiconductor has four “strong buy” ratings, one “hold” rating, and no sell ratings, maintaining an average rating of 1.4, where 1 signifies a strong buy.
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