ON Semiconductor Corporation (ON)

ON Semiconductor Stock Forecast

Stock Price Forecast

The 25 analysts with 12-month price forecasts for ON Semiconductor stock have an average target of 88.68, with a low estimate of 55 and a high estimate of 130. The average target predicts an increase of 21.61% from the current stock price of 72.92.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$55	$88.68	$87	$130
Change	-24.57%	+21.61%	+19.31%	+78.28%

Analyst Ratings

The average analyst rating for ON stock from 27 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	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	12	12	12	12	13	12
Buy	5	4	3	4	4	4
Hold	12	11	10	10	10	10
Sell	0	0	0	1	1	1
Strong Sell	0	0	0	0	0	0
Total	29	27	25	27	28	27

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Quinn Bolton Needham	Needham	Strong Buy Reiterates $92	Strong Buy	Reiterates	$92	+26.17%	Jun 13, 2024
Blayne Curtis Jefferies	Jefferies	Strong Buy Initiates $95 → $100	Strong Buy	Initiates	$95 → $100	+37.14%	May 13, 2024
Quinn Bolton Needham	Needham	Strong Buy Reiterates $92	Strong Buy	Reiterates	$92	+26.17%	Apr 30, 2024
William Stein Truist Securities	Truist Securities	Strong Buy Maintains $89 → $85	Strong Buy	Maintains	$89 → $85	+16.57%	Apr 30, 2024
Ross Seymore Deutsche Bank	Deutsche Bank	Strong Buy Maintains $90 → $85	Strong Buy	Maintains	$90 → $85	+16.57%	Apr 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

7.44B

Decreased by -9.90%

from 8.25B

Revenue Next Year

8.13B

Increased by 9.39%

from 7.44B

EPS This Year

4.14

Decreased by -15.43%

from 4.89

EPS Next Year

4.91

Increased by 18.81%

from 4.14

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	5.52B	5.26B	6.74B	8.33B	8.25B	7.44B	8.13B	9.09B	10.06B	10.88B
Revenue Growth	-6.13%	-4.76%	28.25%	23.54%	-0.88%	-9.90%	9.39%	11.78%	10.64%	8.11%
EPS	0.51	0.56	2.27	4.25	4.89	4.14	4.91	6.07	7.13	8.33
EPS Growth	-64.58%	9.80%	305.36%	87.22%	15.06%	-15.43%	18.81%	23.57%	17.39%	16.91%
Forward PE	-	-	-	-	-	17.63	14.84	12.01	10.23	8.75
No. Analysts	-	-	-	-	-	36	35	17	6	4

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	8.0B	8.9B	9.8B	10.6B	11.1B
Avg	7.4B	8.1B	9.1B	10.1B	10.9B
Low	7.0B	6.8B	8.0B	9.0B	10.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-3.6%	20.0%	20.5%	16.8%	10.2%
Avg	-9.9%	9.4%	11.8%	10.6%	8.1%
Low	-15.6%	-9.1%	-1.8%	-1.0%	2.9%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.37	5.72	6.98	7.79	8.49
Avg	4.14	4.91	6.07	7.13	8.33
Low	3.83	3.43	4.93	5.83	7.93

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-10.7%	38.4%	42.1%	28.3%	19.2%
Avg	-15.4%	18.8%	23.6%	17.4%	16.9%
Low	-21.6%	-17.1%	0.3%	-4.0%	11.2%

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.