ON Semiconductor Corporation (ON)

ON Semiconductor Stock Forecast

Stock Price Forecast

The 25 analysts that cover ON Semiconductor stock have a consensus rating of "Buy" and an average price target of $60.8, which forecasts a 1.23% increase in the stock price over the next year. The lowest target is $50 and the highest is $85.

Price Target: $60.8 (+1.23%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$50	$60.8	$60	$85
Change	-16.75%	+1.23%	-0.10%	+41.53%

Analyst Ratings

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

Recommendation Trends

Rating	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	6	6	6	7	7	7
Buy	4	4	4	4	4	5
Hold	12	12	12	13	13	13
Sell	1	1	1	0	0	0
Strong Sell	0	0	0	0	0	0
Total	23	23	23	24	24	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Craig Ellis B. Riley Securities	B. Riley Securities	Hold Maintains $54 → $58	Hold	Maintains	$54 → $58	-3.43%	Jan 20, 2026
Tore Svanberg Stifel	Stifel	Hold Maintains $50 → $60	Hold	Maintains	$50 → $60	-0.10%	Jan 16, 2026
Christopher Danely Citigroup	Citigroup	Hold Maintains $54 → $66	Hold	Maintains	$54 → $66	+9.89%	Jan 15, 2026
Joe Quatrochi Wells Fargo	Wells Fargo	Buy Maintains $62 → $70	Buy	Maintains	$62 → $70	+16.55%	Jan 15, 2026
Harsh Kumar Piper Sandler	Piper Sandler	Buy Maintains $60 → $65	Buy	Maintains	$60 → $65	+8.23%	Jan 7, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

6.18B

Decreased by -12.71%

from 7.08B

Revenue Next Year

6.51B

Increased by 5.34%

from 6.18B

EPS This Year

2.40

Decreased by -33.88%

from 3.63

EPS Next Year

3.00

Increased by 25.02%

from 2.40

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	5.26B	6.74B	8.33B	8.25B	7.08B	6.18B	6.51B
Revenue Growth	-4.76%	28.26%	23.54%	-0.88%	-14.19%	-12.71%	5.34%
EPS	0.56	2.27	4.25	4.89	3.63	2.40	3.00
EPS Growth	9.80%	306.23%	86.76%	15.11%	-25.77%	-33.88%	25.02%
Forward PE	-	-	-	-	-	25.02	20.02
No. Analysts	-	-	-	-	-	39	39

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	6.3B	6.9B
Avg	6.2B	6.5B
Low	5.9B	6.1B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	-10.5%	11.2%
Avg	-12.7%	5.3%
Low	-17.0%	-1.8%

EPS Forecast

EPS	2025	2026	2027	2028	2029	2030
High	2.48	3.38
Avg	2.40	3.00
Low	2.23	2.55

EPS Growth

EPS Growth	2025	2026	2027	2028	2029	2030
High	-31.7%	40.9%
Avg	-33.9%	25.0%
Low	-38.4%	6.2%

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.