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Tower (TSEM): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Fri May 15, 8:12PM CDT

Bank Hapoalim analyst Shay Zigelman maintained a Buy rating on Tower yesterday and set a price target of ILA88,800.00.

Claim 55% Off TipRanks

According to TipRanks, Zigelman is a 4-star analyst with an average return of 157.8% and a 100.00% success rate. Zigelman covers the Technology sector, focusing on stocks such as Tower, Nova, and Camtek.

In addition to Bank Hapoalim, Tower also received a Buy from Craig-Hallum’s Richard Shannon in a report issued yesterday. However, on the same day, Wedbush assigned a Hold rating to Tower (NASDAQ: TSEM).

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Based on Tower’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $440.21 million and a net profit of $80.13 million. In comparison, last year the company earned a revenue of $387.19 million and had a net profit of $55.14 million

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