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 $59, which forecasts a 17.81% increase in the stock price over the next year. The lowest target is $50 and the highest is $85.

Price Target: $59 (+17.81%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$50	$59	$56	$85
Change	-0.16%	+17.81%	+11.82%	+69.73%

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	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	8	8	6	6	6	7
Buy	4	4	4	4	4	4
Hold	10	11	12	12	12	13
Sell	1	1	1	1	1	0
Strong Sell	0	0	0	0	0	0
Total	23	24	23	23	23	24

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joshua Buchalter TD Cowen	TD Cowen	Strong Buy Maintains $55 → $60	Strong Buy	Maintains	$55 → $60	+19.81%	Nov 4, 2025
Joseph Moore Morgan Stanley	Morgan Stanley	Hold Maintains $52 → $55	Hold	Maintains	$52 → $55	+9.82%	Nov 4, 2025
Tristan Gerra Baird	Baird	Hold Maintains $48 → $56	Hold	Maintains	$48 → $56	+11.82%	Nov 4, 2025
William Stein Truist Securities	Truist Securities	Hold Maintains $49 → $51	Hold	Maintains	$49 → $51	+1.84%	Nov 4, 2025
Kevin Cassidy Rosenblatt	Rosenblatt	Hold Maintains $50	Hold	Maintains	$50	-0.16%	Nov 4, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

6.14B

Decreased by -13.35%

from 7.08B

Revenue Next Year

6.51B

Increased by 6.14%

from 6.14B

EPS This Year

2.36

Decreased by -34.97%

from 3.63

EPS Next Year

3.02

Increased by 27.94%

from 2.36

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	6.14B	6.51B
Revenue Growth	-4.76%	28.26%	23.54%	-0.88%	-14.19%	-13.35%	6.14%
EPS	0.56	2.27	4.25	4.89	3.63	2.36	3.02
EPS Growth	9.80%	306.23%	86.76%	15.11%	-25.77%	-34.97%	27.94%
Forward PE	-	-	-	-	-	21.22	16.58
No. Analysts	-	-	-	-	-	39	39

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	6.3B	7.0B
Avg	6.1B	6.5B
Low	5.8B	5.8B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	-10.9%	14.1%
Avg	-13.3%	6.1%
Low	-18.4%	-5.1%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	2.46	3.56
Avg	2.36	3.02
Low	2.20	2.62

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-32.3%	50.8%
Avg	-35.0%	27.9%
Low	-39.5%	10.9%

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.