ON Semiconductor Corporation (ON)
NASDAQ: ON · IEX Real-Time Price · USD
76.87
+2.63 (3.54%)
At close: Jul 12, 2024, 4:00 PM
76.73
-0.14 (-0.18%)
After-hours: Jul 12, 2024, 7:59 PM EDT

ON Semiconductor Stock Forecast

Stock Price Forecast

The 25 analysts with 12-month price forecasts for ON Semiconductor stock have an average target of 88.28, with a low estimate of 55 and a high estimate of 130. The average target predicts an increase of 14.84% from the current stock price of 76.87.

Analyst Consensus: Buy
Target Low Average Median High
Price $55 $88.28 $85 $130
Change -28.45% +14.84% +10.58% +69.12%

Analyst Ratings

The average analyst rating for ON stock from 27 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 121212131212
Buy 434444
Hold 11101010109
Sell 001112
Strong Sell 000000
Total 272527282727

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Morgan Stanley
Morgan Stanley
Sell
Downgrades
$70$65
Sell Downgrades $70$65 -15.44% Jul 11, 2024
Keybanc
Keybanc
Buy
Maintains
$90$85
Buy Maintains $90$85 +10.58% Jul 9, 2024
Needham
Needham
Strong Buy
Reiterates
$92
Strong Buy Reiterates $92 +19.68% Jun 13, 2024
Jefferies
Jefferies
Strong Buy
Initiates
$95$100
Strong Buy Initiates $95$100 +30.09% May 13, 2024
Needham
Needham
Strong Buy
Reiterates
$92
Strong Buy Reiterates $92 +19.68% Apr 30, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
7.44B
from 8.25B
Decreased by -9.90%
Revenue Next Year
8.13B
from 7.44B
Increased by 9.39%
EPS This Year
4.14
from 4.89
Decreased by -15.43%
EPS Next Year
4.91
from 4.14
Increased by 18.81%
Year 2019202020212022202320242025202620272028
Revenue
5.52B5.26B6.74B8.33B8.25B7.44B8.13B9.09B10.06B10.88B
Revenue Growth
-6.13%-4.76%28.25%23.54%-0.88%-9.90%9.39%11.78%10.64%8.11%
EPS
0.510.562.274.254.894.144.916.077.138.33
EPS Growth
-64.58%9.80%305.36%87.22%15.06%-15.43%18.81%23.57%17.39%16.91%
Forward PE
-----18.5915.6512.6610.789.23
No. Analysts -----36351764
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 8.0B 8.9B 9.8B 10.6B 11.1B
Avg 7.4B 8.1B 9.1B 10.1B 10.9B
Low 7.0B 6.8B 8.0B 9.0B 10.3B

Revenue Growth

Revenue Growth 20242025202620272028
High
-3.6%
20.0%
20.5%
16.8%
10.2%
Avg
-9.9%
9.4%
11.8%
10.6%
8.1%
Low
-15.6%
-9.1%
-1.8%
-1.0%
2.9%

EPS Forecast

EPS 20242025202620272028
High 4.37 5.72 6.98 7.79 8.49
Avg 4.14 4.91 6.07 7.13 8.33
Low 3.83 3.43 4.93 5.83 7.93

EPS Growth

EPS Growth 20242025202620272028
High
-10.7%
38.4%
42.1%
28.3%
19.2%
Avg
-15.4%
18.8%
23.6%
17.4%
16.9%
Low
-21.6%
-17.1%
0.3%
-4.0%
11.2%
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.