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Investing.com - Benchmark raised its price target on Tower Semiconductor (NASDAQ:TSEM) to $73.00 from $66.00 on Monday, while maintaining a Buy rating on the specialized analog foundry company. The stock, currently trading at $64.82, has shown remarkable momentum with a 60.84% gain over the past six months and is approaching its 52-week high of $64.87.
The price target increase follows Benchmark’s recent fireside chat with Tower Semiconductor’s Senior Director of Strategic Marketing and Investor Relations representatives during the firm’s 12th Annual TMT Conference last week.
Tower Semiconductor acknowledged current macroeconomic headwinds and inventory corrections affecting the semiconductor industry but expressed confidence in a healthier company-specific environment through the remainder of 2025 and into 2026.
The company’s optimistic outlook stems from its "specialized analog" focus and competitive positioning across higher-growth market segments where it has been gaining market share.
Benchmark cited Tower’s differentiated process leadership and multiple strategic capacity addition initiatives as key drivers behind the company’s market share gains and the analyst’s more bullish price target.
In other recent news, Tower Semiconductor Ltd reported better-than-expected earnings for the second quarter of 2025. The company achieved an earnings per share (EPS) of $0.50, which exceeded the forecasted $0.43, representing a 16.28% surprise. Revenue for the quarter reached $372 million, slightly above the anticipated $371.26 million. These results have been positively received by investors. Although stock price movements are not discussed here, the company’s performance indicates a strong quarterly showing. The earnings figures reflect Tower Semiconductor’s ability to surpass market expectations. No major mergers or acquisitions were announced in conjunction with these earnings. Analyst reactions to these developments have not been detailed in the recent updates.
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