onsemi: The Rebound is ON for This Chip Stock
ON Semiconductor(ON) MarketBeat·2024-04-29 14:18
Key Pointsonsemi had a tepid quarter, but it was better than expected, and it may experience a solid rebound in its share price.The technicals favor a rebound; the question is if this is a relief rally or sustainable.Analysts see about a 40% upside for this stock. 5 stocks we like better than Onsemionsemi’s NASDAQ: ON stock price corrected significantly over the last year, setting up today's opportunity. Today's opportunity is a rebound in an oversold name with a solid outlook for long-term growth. The char ...