Shares of Tower Semiconductor Ltd. (TSEM) have surpassed the average analyst 12-month target price of $134.00, currently trading at $139.04 as of recent trading sessions. This development may prompt analysts to either downgrade their valuations or raise their target prices based on the underlying business fundamentals driving the stock’s increase.
Within Zacks’ coverage, there are six analyst targets for TSEM, with estimates ranging from a low of $114.00 to a high of $150.00, resulting in a standard deviation of $14.21. Currently, three analysts have rated the stock as a strong buy, while two hold ratings are also noted. The average rating stands at 1.8 on a scale where 1 indicates a strong buy and 5 indicates a strong sell.
Investors are now assessing whether TSEM’s current price signifies a potential trajectory toward higher valuations or if the price has already become excessive. This analysis comes amid notable shifts in analyst sentiment regarding the company.
