Tower Semiconductor Price Targets Raised to $142, $140 and $180 by Analysts
Barclays lifted its price target on Tower Semiconductor to $142 from $114, while Wedbush and Susquehanna raised theirs to $140 (from $125) and $180 (from $135). Tower reported Q4 revenue of $440 million, highest-ever quarter, and unveiled a $920 million SiPho capacity expansion plan through December 2026.
1. Analyst Price Target Revisions
On February 13, Barclays raised its price target on Tower Semiconductor to $142 from $114 and maintained an Equal Weight rating. Wedbush followed on February 12 with a boost to $140 from $125, retaining a Neutral stance, while Susquehanna lifted its target to $180 from $135 and kept a Positive rating.
2. Record Q4 Results
Tower Semiconductor posted Q4 revenue of $440 million versus a $439.8 million consensus, marking its highest quarterly revenue to date. Management highlighted substantial profitability gains driven by growth across core technology platforms, particularly its silicon photonics offerings.
3. SiPho Capacity Expansion Plan
The company announced a total $920 million investment in SiPho capacity, combining a previously disclosed $650 million and an additional $270 million allocation. This expansion aims to quintuple monthly wafer starts by December 2026, with full qualification expected in the second half of the year and sequential revenue and profit growth targeted throughout 2026.