TSEM - Tower Semiconductor Is A High-Growth High-Cash-Flow Gem In Tech: Analyst | Benzinga
Benchmark analyst Cody Acree initiated coverage on Tower Semiconductor Ltd. (NASDAQ: TSEM) with a Buy Rating and a $36 price target.
The analyst writes that Tower Semiconductor is an undervalued, high-growth, high-cash-flow, and lesser-known specialty semiconductor outsourced manufacturing story.
The stock offers investors participation in some of the fastest-growing themes of the technology industry, including Artificial Intelligence, 5G Cellular and infrastructure, High-Speed Communications, and Aerospace and Defense applications, among others.
The analyst adds that Tower has identified multiple unique opportunities to economically grow its manufacturing footprint by acquiring existing fabs with long-standing volume customers.
Tower has consistently worked to strategically position itself to participate in and become the leader in designing and manufacturing many ...