ON Semiconductor Corporation (ON)

ON Semiconductor Stock Forecast

Stock Price Forecast

The 23 analysts that cover ON Semiconductor stock have a consensus rating of "Buy" and an average price target of $57.39, which forecasts a 15.31% increase in the stock price over the next year. The lowest target is $34 and the highest is $85.

Price Target: $57.39 (+15.31%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$34	$57.39	$56	$85
Change	-31.69%	+15.31%	+12.52%	+70.79%

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	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	10	9	8	8	8	6
Buy	5	4	4	4	4	4
Hold	8	9	9	10	11	12
Sell	2	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	25	23	22	23	24	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Christopher Danely Citigroup	Citigroup	Hold Maintains $60 → $54	Hold	Maintains	$60 → $54	+8.50%	Aug 5, 2025
William Stein Truist Securities	Truist Securities	Hold Maintains $43 → $49	Hold	Maintains	$43 → $49	-1.55%	Aug 5, 2025
Joe Quatrochi Wells Fargo	Wells Fargo	Buy Maintains $65 → $62	Buy	Maintains	$65 → $62	+24.57%	Aug 5, 2025
Vivek Arya B of A Securities	B of A Securities	Strong Buy → Hold Downgrades $70 → $56	Strong Buy → Hold	Downgrades	$70 → $56	+12.52%	Aug 5, 2025
Pradeep Ramani UBS	UBS	Hold Maintains $55 → $50	Hold	Maintains	$55 → $50	+0.46%	Aug 5, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

6.12B

Decreased by -13.59%

from 7.08B

Revenue Next Year

6.73B

Increased by 10.00%

from 6.12B

EPS This Year

2.36

Decreased by -35.00%

from 3.63

EPS Next Year

3.26

Increased by 38.29%

from 2.36

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	5.26B	6.74B	8.33B	8.25B	7.08B	6.12B	6.73B	7.47B
Revenue Growth	-4.76%	28.26%	23.54%	-0.88%	-14.19%	-13.59%	10.00%	11.01%
EPS	0.56	2.27	4.25	4.89	3.63	2.36	3.26	4.76
EPS Growth	9.80%	306.23%	86.76%	15.11%	-25.77%	-35.00%	38.29%	45.92%
Forward PE	-	-	-	-	-	21.09	15.25	10.45
No. Analysts	-	-	-	-	-	37	37	18

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	6.4B	7.6B	8.5B
Avg	6.1B	6.7B	7.5B
Low	5.7B	5.9B	6.4B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	-9.7%	24.1%	26.1%
Avg	-13.6%	10.0%	11.0%
Low	-20.1%	-4.3%	-4.9%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	2.78	4.24	5.84
Avg	2.36	3.26	4.76
Low	1.49	2.23	2.97

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-23.3%	79.5%	78.9%
Avg	-35.0%	38.3%	45.9%
Low	-59.0%	-5.3%	-9.0%

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.