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It’s time to buy shares of this stock, according to JPMorgan.

Analyst Samik Chatterjee upgraded shares to overweight from neutral heading into a key investor day on Oct. 31 that will likely prove the “capacity ramp key to delivering on the bull thesis on the shares.”

Subscribe to CNBC Pro to see which stock can continue to outperform this year and rally more than 50%.

Here are more of today's top stories, exclusively for CNBC Pro subscribers!

This semiconductor stock can rally more than 50% as it ramps up capacity, JPMorgan says in upgrade

MON, OCTOBER 24 2022

Oil could rise or fall — and these energy stocks are winners either way, portfolio manager says

MON, OCTOBER 24 2022

From copper to cybersecurity, Goldman Sachs picks less obvious stocks to play the clean energy trend

MON, OCTOBER 24 2022

Mohamed El-Erian says don't cheer this rally as the Fed is still grappling with a 'trilemma'

MON, OCTOBER 24 2022

Here are Monday's biggest analyst calls: Apple, Meta, Chevron, AT&T, Disney, Coinbase & more

MON, OCTOBER 24 2022

Here's why Fundstrat's Tom Lee says this market rally has room to run

MON, OCTOBER 24 2022

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Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.

Data also provided by THOMSON REUTERS