ON Semiconductor Corporation (ON)

ON Semiconductor Stock Forecast

Stock Price Forecast

According to 33 analysts polled by S&P Global, ON Semiconductor stock has a consensus rating of "Buy" and an average price target of $103.97. The average 1-year stock price forecast is 10.52% lower than the current stock price, while the lowest is $68 (-41.48%) and the highest is $130 (+11.88%).

Price Target: $103.97 (-10.52%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$68	$103.97	$101	$130
Change	-41.48%	-10.52%	-13.08%	+11.88%

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	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	7	7	5	5	6	6
Buy	4	5	5	5	5	5
Hold	13	13	15	15	14	14
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	24	25	25	25	25	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vijay Rakesh Mizuho	Mizuho	Buy Maintains $120 → $130	Buy	Maintains	$120 → $130	+11.88%	May 19, 2026
Matthew Prisco Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $95 → $100	Hold	Maintains	$95 → $100	-13.94%	May 13, 2026
Atif Malik Citigroup	Citigroup	Hold Maintains $68 → $100	Hold	Maintains	$68 → $100	-13.94%	May 6, 2026
Tom O'Malley Barclays	Barclays	Hold Maintains $75 → $100	Hold	Maintains	$75 → $100	-13.94%	May 6, 2026
Harlan Sur JP Morgan	JP Morgan	Hold Maintains $70 → $100	Hold	Maintains	$70 → $100	-13.94%	May 5, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

6.64B

Increased by 10.80%

from 6.00B

Revenue Next Year

7.35B

Increased by 10.69%

from 6.64B

EPS This Year

3.17

Increased by 993.55%

from 0.29

EPS Next Year

4.37

Increased by 37.65%

from 3.17

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	6.64B	7.35B
Revenue Growth	28.26%	23.54%	-0.88%	-14.19%	-15.35%	10.80%	10.69%
EPS	2.27	4.25	4.89	3.63	0.29	3.17	4.37
EPS Growth	306.23%	86.76%	15.11%	-25.77%	-92.01%	993.55%	37.65%
Forward PE	-	-	-	-	-	36.64	26.62
No. Analysts	-	-	-	-	-	36	34

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	7.0B	7.9B
Avg	6.6B	7.4B
Low	6.1B	6.7B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	16.4%	18.3%
Avg	10.8%	10.7%
Low	1.8%	1.2%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	3.47	5.67
Avg	3.17	4.37
Low	2.78	3.36

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	1,094.8%	78.8%
Avg	993.6%	37.7%
Low	859.7%	6.0%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.