Every year we cover the Consumer Electronic Show (CES), aka the biggest tech show on earth. And this year it’s no different. The 2018 CES show has just wrapped up in Las Vegas. The world’s biggest and smallest tech companies (bar Apple) have now unveiled all their hottest and most futuristic products.

Much of the media attention has focused on the weird and the wonderful, see for example Samsung’s gigantic wall TV, the world’s first pole dancing robots and even Modobag’s rideable luggage for cruising through airports in style. Indeed, as hardware becomes more like software we can expect the show to become increasingly absurd as the strangest inventions come to life.

Here at TipRanks we want to find out what investors can learn from this four-day extravaganza. By using TipRanks’ financial accountability engine we curated a list of new ‘CES stock picks’ from highly rated analysts. We rank over 4,700 analysts enabling us to drill down into stock recommendations from only the Street’s best-performing analysts. Note that all these stocks (except Nvidia) have a ‘Strong Buy’ best analyst consensus, based on ratings from the last three months. Bearing this in mind, let’s take a closer look now:

ON Semi (Nasdaq:ON)

Top Needham analyst Rajvindra Gill left CES singing the praises of ON Semi. This silicon solutions company is heavily involved in the fast-growing electrical vehicle (EV) market and self-driving cars market. For example, while at CES the company launched a new range of scalable image sensors for ADAS (advanced driver assistance systems).

“We came away from the talks confident that ON has one of the best portfolios to address the high growth ADAS and EV markets within automotive through maintaining leadership in camera sensors and the development of Silicon Carbide for EVs.”

Gill says that he believes ON continues to win upwards of 70% of new camera based ADAS designs, including partnerships with Intel, Baidu, and NVDA. He calls the interim gross margin target of 40% “fairly beatable” and sets his sights on margins shifting to 45% over time. On January 12 he reiterated his buy rating with a $25 price target. Note that this is a top analyst to follow. TipRanks shows that Gill scores a very impressive 78% success rate and 35% average return across his ON ratings.

Print Friendly, PDF & Email