Wall Street is waiting for the dual driving force of "AI power + silicon carbide" to catalyze the target price of ON Semiconductor (ON.US) raised by several investment banks.

According to the Securities Times APP, Citigroup has raised its target price for ON Semiconductor (ON.US) from $100 to $120, while maintaining a "neutral" rating on the stock. Prior to the company's analyst day in September, it has been added to the "upward catalyst watch" list.