ON Semiconductor Corporation (ON)

ON Semiconductor Stock Forecast

Stock Price Forecast

The 24 analysts with 12-month price forecasts for ON Semiconductor stock have an average target of 85.79, with a low estimate of 55 and a high estimate of 104. The average target predicts an increase of 17.01% from the current stock price of 73.32.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$55	$85.79	$90	$104
Change	-24.99%	+17.01%	+22.75%	+41.84%

* Price targets were last updated on Jul 30, 2024.

Analyst Ratings

The average analyst rating for ON stock from 25 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Apr '24	May '24	Jun '24	Jul '24	Aug '24	Sep '24
Strong Buy	12	13	12	11	11	11
Buy	4	4	4	4	4	4
Hold	10	10	10	9	9	8
Sell	1	1	1	2	2	2
Strong Sell	0	0	0	0	0	0
Total	27	28	27	26	26	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vivek Arya B of A Securities	B of A Securities	Strong Buy Maintains $80 → $90	Strong Buy	Maintains	$80 → $90	+22.75%	Jul 30, 2024
Ross Seymore Deutsche Bank	Deutsche Bank	Strong Buy Maintains $85 → $90	Strong Buy	Maintains	$85 → $90	+22.75%	Jul 30, 2024
Kevin Cassidy Rosenblatt	Rosenblatt	Hold Maintains $70 → $75	Hold	Maintains	$70 → $75	+2.29%	Jul 30, 2024
Suji Desilva Roth MKM	Roth MKM	Strong Buy Maintains $90 → $100	Strong Buy	Maintains	$90 → $100	+36.39%	Jul 30, 2024
William Stein Truist Securities	Truist Securities	Strong Buy Maintains $85 → $97	Strong Buy	Maintains	$85 → $97	+32.30%	Jul 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

7.36B

Decreased by -10.88%

from 8.25B

Revenue Next Year

7.97B

Increased by 8.29%

from 7.36B

EPS This Year

4.13

Decreased by -15.50%

from 4.89

EPS Next Year

4.89

Increased by 18.25%

from 4.13

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	5.52B	5.26B	6.74B	8.33B	8.25B	7.36B	7.97B	8.96B
Revenue Growth	-6.13%	-4.76%	28.25%	23.54%	-0.88%	-10.88%	8.29%	12.52%
EPS	0.51	0.56	2.27	4.25	4.89	4.13	4.89	6.13
EPS Growth	-64.58%	9.80%	306.23%	86.76%	15.11%	-15.50%	18.25%	25.51%
Forward PE	-	-	-	-	-	17.74	15.01	11.96
No. Analysts	-	-	-	-	-	35	35	19

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	7.6B	9.0B	10.2B
Avg	7.4B	8.0B	9.0B
Low	6.9B	6.6B	7.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-8.0%	21.8%	27.6%
Avg	-10.9%	8.3%	12.5%
Low	-16.1%	-10.8%	-5.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.35	6.52	7.84
Avg	4.13	4.89	6.13
Low	3.87	3.43	4.94

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-11.1%	57.8%	60.5%
Avg	-15.5%	18.2%	25.5%
Low	-20.8%	-17.0%	1.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.