Wall Street predicts Tower Semiconductor Ltd. (TSEM) stock to surge by 15.04%

Tower Semiconductor Ltd. [TSEM] stock prices are up 4.23% to $43.03 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TSEM shares have gain 5.11% over the last week, with a monthly amount glided 12.41%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Tower Semiconductor Ltd. [NASDAQ: TSEM] stock has seen the most recent analyst activity on May 10, 2024, when Susquehanna upgraded its rating to a Positive and also boosted its price target to $55 from $36. Previously, Susquehanna started tracking the stock with Neutral rating on February 29, 2024, and set its price target to $36. On October 25, 2023, The Benchmark Company initiated with a Buy rating and assigned a price target of $35 on the stock. Craig Hallum upgraded its rating to a Buy and decreased its price target to $38 on August 17, 2023. Credit Suisse upgraded its rating to a Outperform and raised its price target to $37.50 on January 19, 2021. Credit Suisse downgraded its rating to Neutral for this stock on April 24, 2019. In a note dated January 22, 2019, Needham reiterated an Buy rating on this stock and revised its target price from $20 to $17.

The stock price of Tower Semiconductor Ltd. [TSEM] has been fluctuating between $21.43 and $42.49 over the past year. Currently, Wall Street analysts expect the stock to reach $49.5 within the next 12 months. Tower Semiconductor Ltd. [NASDAQ: TSEM] shares were valued at $43.03 at the most recent close of the market. An investor can expect a potential return of 15.04% based on the average TSEM price forecast.

Analyzing the TSEM fundamentals

The Tower Semiconductor Ltd. [NASDAQ:TSEM] reported sales of 1.39B for trailing twelve months, representing a drop of -7.98%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.21 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.22 points at the first support level, and at 35.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.51, and for the 2nd resistance point, it is at 47.99.

Ratios To Look Out For

It’s worth pointing out that Tower Semiconductor Ltd. [NASDAQ:TSEM]’s Current Ratio is 5.38. On the other hand, the Quick Ratio is 4.46, and the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 3.43, the price to book ratio is 1.94 and price to earnings (TTM) ratio is 9.74.

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