ON Semiconductor Corporation (ON)

ON Semiconductor Stock Forecast

Stock Price Forecast

The 24 analysts that cover ON Semiconductor stock have a consensus rating of "Buy" and an average price target of $64.46, which forecasts a 7.65% increase in the stock price over the next year. The lowest target is $55 and the highest is $75.

Price Target: $64.46 (+7.65%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$55	$64.46	$65	$75
Change	-8.15%	+7.65%	+8.55%	+25.25%

* Price targets were last updated on Feb 13, 2026.

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	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	6	7	7	7	5	5
Buy	4	4	4	5	5	5
Hold	12	13	13	13	15	15
Sell	1	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	23	24	24	25	25	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tom O'Malley Barclays	Barclays	Hold Initiates $75	Hold	Initiates	$75	+25.25%	Feb 13, 2026
Harlan Sur JP Morgan	JP Morgan	Hold Maintains $56 → $70	Hold	Maintains	$56 → $70	+16.90%	Feb 10, 2026
Atif Malik Citigroup	Citigroup	Hold Maintains $66 → $68	Hold	Maintains	$66 → $68	+13.56%	Feb 10, 2026
Harsh Kumar Piper Sandler	Piper Sandler	Buy Maintains $65 → $75	Buy	Maintains	$65 → $75	+25.25%	Feb 10, 2026
Matthew Prisco Cantor Fitzgerald	Cantor Fitzgerald	Hold Reiterates $60	Hold	Reiterates	$60	+0.20%	Feb 10, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

6.48B

Increased by 8.02%

from 6.00B

Revenue Next Year

7.13B

Increased by 10.15%

from 6.48B

EPS This Year

3.00

Increased by 935.04%

from 0.29

EPS Next Year

4.15

Increased by 38.42%

from 3.00

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	6.74B	8.33B	8.25B	7.08B	6.00B	6.48B	7.13B
Revenue Growth	28.26%	23.54%	-0.88%	-14.19%	-15.35%	8.02%	10.15%
EPS	2.27	4.25	4.89	3.63	0.29	3.00	4.15
EPS Growth	306.23%	86.76%	15.11%	-25.77%	-92.01%	935.04%	38.42%
Forward PE	-	-	-	-	-	19.95	14.41
No. Analysts	-	-	-	-	-	39	35

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	6.8B	7.5B
Avg	6.5B	7.1B
Low	6.0B	6.5B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	13.4%	16.0%
Avg	8.0%	10.1%
Low	-0.3%	-0.2%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	3.30	5.25
Avg	3.00	4.15
Low	2.70	3.43

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	1,036.9%	74.9%
Avg	935.0%	38.4%
Low	829.3%	14.3%

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.