
Wedbush Issues Positive Forecast for Tower Semiconductor (NASDAQ:TSEM) Stock Price

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Wedbush has raised its price target for Tower Semiconductor (NASDAQ:TSEM) from $140.00 to $300.00, maintaining a "neutral" rating. This new target suggests a potential upside of 10.85% from the previous close. Other analysts have also increased their price targets, with Barclays setting it at $142.00 and Benchmark at $230.00. Tower Semiconductor's stock has shown strong performance, with a market cap of $30.43 billion and a 52-week high of $271.92. The company reported earnings of $0.57 per share, exceeding estimates, and has seen a 15.5% year-over-year revenue increase.
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