ON Semiconductor Corporation (ON)
NASDAQ: ON · Real-Time Price · USD
95.71
+4.49 (4.92%)
Jul 6, 2026, 2:02 PM EDT - Market open
ON Semiconductor Stock Forecast
Stock Price Forecast
According to 29 analysts polled by S&P Global, ON Semiconductor stock has a consensus rating of "Buy" and an average price target of $113.12. The average 1-year stock price forecast is 18.19% higher than the current stock price, while the lowest is $80 (-16.41%) and the highest is $140 (+46.28%).
Price Target: $113.12 (+18.19%)
Analyst Consensus: Buy
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 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 10 | 10 | 13 | 13 | 10 |
| Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Hold | 21 | 23 | 23 | 19 | 19 | 18 |
| Sell | 0 | 0 | 0 | 1 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 34 | 35 | 34 | 34 | 33 | 29 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho Securities | Mizuho Securities | Buy Maintains $150 → $125 | Buy | Maintains | $150 → $125 | +30.60% | Jul 2, 2026 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Maintains $100 → $110 | Hold | Maintains | $100 → $110 | +14.93% | Jun 29, 2026 |
| B. Riley Securities | B. Riley Securities | Buy Reiterates $118 → $135 | Buy | Reiterates | $118 → $135 | +41.05% | Jun 26, 2026 |
| Jefferies | Jefferies | Buy Maintains $115 | Buy | Maintains | $115 | +20.15% | Jun 26, 2026 |
| Citi | Citi | Hold Maintains n/a | Hold | Maintains | n/a | n/a | Jun 26, 2026 |
Financial Forecast
Revenue This Year
6.48B
from 6.00B
Increased by 8.05%
Revenue Next Year
7.20B
from 6.48B
Increased by 11.16%
EPS This Year
3.10
from 2.35
Increased by 31.90%
EPS Next Year
4.31
from 3.10
Increased by 39.16%
EPS and Forward PE are based on non-GAAP adjusted numbers.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 6.6B | ||
| Avg | 6.5B | ||
| Low | 6.3B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 10.8% | ||
| Avg | 8.0% | ||
| Low | 5.1% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 3.30 | ||
| Avg | 3.10 | ||
| Low | 2.90 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 40.4% | ||
| Avg | 31.9% | ||
| Low | 23.4% |