ON Semiconductor Corporation (ON)

ON Semiconductor Stock Forecast

Stock Price Forecast

The 22 analysts with 12-month price forecasts for ON Semiconductor stock have an average target of 86, with a low estimate of 55 and a high estimate of 104. The average target predicts an increase of 27.77% from the current stock price of 67.31.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$55	$86	$89	$104
Change	-18.29%	+27.77%	+32.22%	+54.51%

Analyst Ratings

The average analyst rating for ON stock from 22 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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	12	11	11	11	11	12
Buy	4	4	4	4	4	3
Hold	10	9	9	9	7	5
Sell	1	2	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	27	26	26	26	24	22

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Quinn Bolton Needham	Needham	Strong Buy Reiterates $87	Strong Buy	Reiterates	$87	+29.25%	Nov 19, 2024
Gary Mobley Loop Capital	Loop Capital	Strong Buy Initiates $95	Strong Buy	Initiates	$95	+41.14%	Nov 11, 2024
William Stein Truist Securities	Truist Securities	Strong Buy Maintains $97 → $89	Strong Buy	Maintains	$97 → $89	+32.22%	Oct 29, 2024
Kevin Cassidy Rosenblatt	Rosenblatt	Hold Maintains $75	Hold	Maintains	$75	+11.42%	Oct 29, 2024
Tristan Gerra Baird	Baird	Hold Maintains $70 → $75	Hold	Maintains	$70 → $75	+11.42%	Oct 29, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

7.34B

Decreased by -11.10%

from 8.25B

Revenue Next Year

7.66B

Increased by 4.39%

from 7.34B

EPS This Year

4.12

Decreased by -15.71%

from 4.89

EPS Next Year

4.47

Increased by 8.50%

from 4.12

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	7.34B	7.66B	8.63B
Revenue Growth	-6.13%	-4.76%	28.25%	23.54%	-0.88%	-11.10%	4.39%	12.69%
EPS	0.51	0.56	2.27	4.25	4.89	4.12	4.47	5.72
EPS Growth	-64.58%	9.80%	306.23%	86.76%	15.11%	-15.71%	8.50%	27.92%
Forward PE	-	-	-	-	-	16.33	15.05	11.77
No. Analysts	-	-	-	-	-	35	35	23

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	7.5B	8.5B	9.9B
Avg	7.3B	7.7B	8.6B
Low	7.0B	7.0B	7.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-8.9%	15.5%	29.7%
Avg	-11.1%	4.4%	12.7%
Low	-15.5%	-4.8%	-1.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.24	5.44	7.64
Avg	4.12	4.47	5.72
Low	3.89	3.92	4.61

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-13.3%	31.9%	70.9%
Avg	-15.7%	8.5%	27.9%
Low	-20.4%	-4.9%	3.0%

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.