ON Semiconductor (ON) Stock Forecast, Price Target & Predictions


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ON Stock Forecast


ON Semiconductor stock forecast is as follows: an average price target of $87.47 (represents a 28.71% upside from ON’s last price of $67.96) and a rating consensus of 'Buy', based on 25 wall street analysts offering a 1-year stock forecast.

ON Price Target


The average price target for ON Semiconductor (ON) is $87.47 based on 1-year price targets from 25 Wall Street analysts in the past 3 months, with a price target range of $115.00 to $55.00. This represents a potential 28.71% upside from ON's last price of $67.96.

ON Analyst Ratings


Buy

According to 25 Wall Street analysts, ON Semiconductor's rating consensus is 'Buy'. The analyst rating breakdown for ON stock is 0 'Strong Buy' (0.00%), 18 'Buy' (72.00%), 6 'Hold' (24.00%), 1 'Sell' (4.00%), and 0 'Strong Sell' (0.00%).

ON Semiconductor Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 30, 2024David WilliamsWilliams Trading$90.00$74.9020.16%32.43%
Jul 30, 2024Kevin CassidyRosenblatt Securities$75.00$74.900.13%10.36%
Jul 30, 2024William SteinTruist Financial$97.00$73.9731.13%42.73%
Jul 30, 2024Tristan GerraRobert W. Baird$70.00$78.27-10.57%3.00%
Jul 29, 2024Mark LipacisEvercore ISI$105.00$78.2734.15%54.50%
Jul 29, 2024Angelo ZinoCFRA$80.00$78.272.21%17.72%
Jul 17, 2024Christopher RollandSusquehanna$95.00$78.7420.65%39.79%
Jul 11, 2024Joseph MooreMorgan Stanley$65.00$75.46-13.86%-4.36%
May 13, 2024Blayne CurtisJefferies$100.00$70.4641.92%47.15%
Apr 30, 2024David WilliamsWilliams Trading$80.00$70.2513.88%17.72%
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The latest ON Semiconductor stock forecast, released on Jul 30, 2024 by David Williams from Williams Trading, set a price target of $90.00, which represents a 20.16% increase from the stock price at the time of the forecast ($74.90), and a 32.43% increase from ON last price ($67.96).

ON Semiconductor Price Target by Period


1M3M12M
# Anlaysts-822
Avg Price Target-$84.63$86.05
Last Closing Price$67.96$67.96$67.96
Upside/Downside-100.00%24.53%26.62%

In the current month, the average price target of ON Semiconductor stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to ON Semiconductor's last price of $67.96. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Jul 30, 2024Goldman SachsBuyBuyHold
Jul 30, 2024Rosenblatt SecuritiesNeutralNeutralHold
Jul 30, 2024SusquehannaBuyBuyHold
Jul 30, 2024NeedhamUnderperformUnderperformHold
Jul 30, 2024Deutsche BankBuyBuyHold
Jul 30, 2024Cowen & Co.BuyBuyHold
Jul 30, 2024BenchmarkBuyBuyHold
Jul 29, 2024Evercore ISIOutperformOutperformHold
Jul 29, 2024CFRA-CautiousUpgrade
Jul 17, 2024SusquehannaPositivePositiveHold
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ON Semiconductor's last stock rating was published by Goldman Sachs on Jul 30, 2024. The company gave ON a "Buy" rating, the same as its previous rate.

ON Semiconductor Financial Forecast


ON Semiconductor Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$2.18B$2.09B$1.96B$2.10B$2.19B$2.08B$1.95B$1.85B$1.74B$1.67B$1.48B$1.45B$1.32B$1.21B$1.28B$1.40B$1.38B
Avg Forecast$2.29B$2.24B$2.15B$2.06B$2.07B$2.00B$1.88B$1.80B$1.79B$1.75B$1.73B$1.85B$2.00B$2.15B$2.02B$1.92B$2.08B$2.12B$2.01B$1.91B$1.79B$1.71B$1.62B$1.46B$1.36B$1.28B$1.19B$1.29B$1.38B$1.38B
High Forecast$2.32B$2.27B$2.18B$2.09B$2.09B$2.02B$1.90B$1.82B$1.81B$1.77B$1.75B$1.87B$2.03B$2.17B$2.05B$1.95B$2.11B$2.14B$2.01B$2.04B$1.91B$1.83B$1.74B$1.56B$1.45B$1.36B$1.27B$1.38B$1.47B$1.48B
Low Forecast$2.27B$2.22B$2.13B$2.04B$2.05B$1.98B$1.86B$1.78B$1.77B$1.74B$1.71B$1.83B$1.98B$2.14B$2.00B$1.91B$2.06B$2.10B$2.01B$1.83B$1.72B$1.64B$1.56B$1.40B$1.30B$1.22B$1.14B$1.24B$1.32B$1.32B
# Analysts9111598881214199613251212111111111212129101691088
Surprise %-------------1.02%1.04%1.02%1.01%1.04%1.04%1.02%1.03%1.02%1.03%1.01%1.06%1.03%1.02%0.99%1.02%1.00%

ON Semiconductor's average Quarter revenue forecast for Dec 23 based on 13 analysts is $2.00B, with a low forecast of $1.98B, and a high forecast of $2.03B. ON's average Quarter revenue forecast represents a -8.18% decrease compared to the company's last Quarter revenue of $2.18B (Sep 23).

ON Semiconductor EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9111598881214199613251212111111111212129101691088
EBITDA------------$-30.70M$878.60M$674.70M$783.20M$851.20M$872.90M$844.20M$777.30M$654.40M$553.30M$408.20M$283.80M$315.30M$275.90M$195.20M$181.50M$286.50M$106.70M
Avg Forecast$653.92M$639.75M$615.33M$590.36M$590.48M$570.61M$537.14M$514.26M$511.82M$501.82M$494.42M$800.63M$572.59M$614.25M$578.57M$727.84M$594.35M$501.71M$575.99M$661.68M$416.01M$456.10M$291.57M$275.45M$236.47M$179.33M$702.72M$242.00M$304.41M$115.59M
High Forecast$662.55M$648.19M$623.45M$598.16M$598.28M$578.14M$544.23M$521.05M$518.58M$504.69M$500.95M$960.75M$581.18M$621.89M$586.21M$873.41M$602.20M$602.05M$575.99M$794.01M$499.21M$547.32M$349.89M$330.54M$283.77M$215.20M$843.26M$290.40M$365.29M$138.71M
Low Forecast$647.67M$633.63M$609.45M$584.72M$584.84M$565.15M$532.01M$509.35M$506.93M$498.95M$489.70M$640.50M$567.12M$611.92M$573.04M$582.28M$588.67M$401.37M$575.99M$529.34M$332.81M$364.88M$233.26M$220.36M$189.18M$143.47M$562.18M$193.60M$243.53M$92.47M
Surprise %-------------0.05%1.43%1.17%1.08%1.43%1.74%1.47%1.17%1.57%1.21%1.40%1.03%1.33%1.54%0.28%0.75%0.94%0.92%

13 analysts predict ON's average Quarter EBITDA for Dec 23 to be $572.59M, with a high of $581.18M and a low of $567.12M. This is -34.83% lower than ON Semiconductor's previous annual EBITDA (Sep 23) of $878.60M.

ON Semiconductor Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9111598881214199613251212111111111212129101691088
Net Income-------------$582.70M$576.60M$461.70M$604.30M$311.90M$455.80M$530.20M$426.40M$309.70M$184.10M$89.90M$89.00M$160.60M$-900.00K$-13.70M$56.50M$-60.00M
Avg Forecast$718.29M$686.77M$635.69M$587.12M$578.83M$541.20M$488.29M$449.02M$437.68M$420.69M$398.95M$537.67M$522.17M$580.89M$523.62M$488.79M$547.39M$280.82M$548.49M$444.36M$358.02M$255.29M$131.50M$87.26M$66.75M$104.39M$-5.04M$-18.67M$60.03M$-65.76M
High Forecast$730.63M$698.56M$646.60M$597.21M$588.77M$550.49M$496.68M$456.72M$445.20M$450.74M$405.80M$645.21M$539.44M$598.23M$532.61M$586.55M$556.78M$336.99M$548.49M$533.23M$429.63M$306.35M$157.80M$104.71M$80.10M$125.27M$-4.03M$-14.93M$72.04M$-52.61M
Low Forecast$709.37M$678.24M$627.80M$579.83M$571.65M$534.47M$482.23M$443.44M$432.24M$416.40M$393.99M$430.14M$513.55M$554.88M$517.12M$391.04M$540.59M$224.66M$548.49M$355.49M$286.42M$204.23M$105.20M$69.80M$53.40M$83.51M$-6.05M$-22.40M$48.02M$-78.91M
Surprise %-------------1.00%1.10%0.94%1.10%1.11%0.83%1.19%1.19%1.21%1.40%1.03%1.33%1.54%0.18%0.73%0.94%0.91%

ON Semiconductor's average Quarter net income forecast for Dec 23 is $522.17M, with a range of $513.55M to $539.44M. ON's average Quarter net income forecast represents a -10.39% decrease compared to the company's last Quarter net income of $582.70M (Sep 23).

ON Semiconductor SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9111598881214199613251212111111111212129101691088
SG&A------------$20.50M$178.90M$158.80M$147.70M$171.40M$154.40M$156.30M$149.00M$153.70M$144.10M$149.30M$151.30M$133.40M$127.50M$128.50M$148.00M$144.80M$142.50M
Avg Forecast$206.10M$201.63M$193.93M$186.06M$186.10M$179.84M$169.29M$162.08M$161.31M$158.16M$155.83M$151.10M$180.46M$193.59M$182.35M$137.36M$187.32M$130.66M$181.53M$124.88M$128.59M$118.79M$106.64M$146.85M$100.05M$82.87M$462.60M$197.33M$153.85M$154.38M
High Forecast$208.82M$204.29M$196.49M$188.52M$188.56M$182.21M$171.53M$164.22M$163.44M$159.06M$157.88M$181.32M$183.17M$196.00M$184.76M$164.84M$189.80M$156.80M$181.53M$149.85M$154.30M$142.54M$127.97M$176.22M$120.06M$99.45M$555.12M$236.80M$184.62M$185.25M
Low Forecast$204.13M$199.70M$192.08M$184.29M$184.32M$178.12M$167.67M$160.53M$159.77M$157.25M$154.34M$120.88M$178.74M$192.86M$180.61M$109.89M$185.53M$104.53M$181.53M$99.90M$102.87M$95.03M$85.31M$117.48M$80.04M$66.30M$370.08M$157.87M$123.08M$123.50M
Surprise %------------0.11%0.92%0.87%1.08%0.92%1.18%0.86%1.19%1.20%1.21%1.40%1.03%1.33%1.54%0.28%0.75%0.94%0.92%

ON Semiconductor's average Quarter SG&A projection for Mar 24 is $151.10M, based on 6 Wall Street analysts, with a range of $120.88M to $181.32M. The forecast indicates a 637.07% rise compared to ON last annual SG&A of $20.50M (Dec 23).

ON Semiconductor EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9111598881214199613251212111111111212129101691088
EPS-------------$1.35$1.34$1.07$1.40$0.72$1.05$1.22$0.99$0.72$0.43$0.22$0.22$0.39$-0.00$-0.03$0.14$-0.15
Avg Forecast$1.66$1.59$1.47$1.36$1.34$1.25$1.13$1.04$1.01$0.97$0.92$1.04$1.21$1.34$1.21$1.08$1.26$1.31$1.26$1.05$0.94$0.74$0.49$0.34$0.28$0.20$0.02$0.16$0.32$0.36
High Forecast$1.69$1.61$1.49$1.38$1.36$1.27$1.15$1.05$1.03$1.04$0.94$1.06$1.25$1.38$1.23$1.10$1.29$1.33$1.26$1.14$1.02$0.80$0.53$0.37$0.30$0.22$0.02$0.17$0.35$0.39
Low Forecast$1.64$1.57$1.45$1.34$1.32$1.23$1.11$1.02$1.00$0.96$0.91$1.03$1.19$1.28$1.19$1.07$1.25$1.30$1.26$0.99$0.89$0.70$0.46$0.32$0.26$0.19$0.02$0.15$0.31$0.34
Surprise %-------------1.01%1.11%0.99%1.11%0.55%0.84%1.16%1.06%0.98%0.88%0.66%0.80%1.93%-0.17%-0.21%0.43%-0.42%

According to 13 Wall Street analysts, ON Semiconductor's projected average Quarter EPS for Dec 23 is $1.21, with a low estimate of $1.19 and a high estimate of $1.25. This represents a -10.71% decrease compared to ON previous annual EPS of $1.35 (Sep 23).

ON Semiconductor Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WOLFWolfspeed$8.23$60.85639.37%Hold
NVTSNavitas Semiconductor$2.33$11.30384.98%Buy
GFSGLOBALFOUNDRIES$40.12$69.8674.13%Buy
LSCCLattice Semiconductor$41.64$62.1149.16%Buy
ONON Semiconductor$67.92$87.4728.78%Buy
MCHPMicrochip$74.09$92.3224.61%Buy
QRVOQorvo$104.35$126.8021.51%Buy
NXPINXP Semiconductors$226.70$244.227.73%Buy
ADIAnalog Devices$213.64$225.965.77%Buy
TXNTexas Instruments$197.45$199.350.96%Buy
MPWRMonolithic Power Systems$806.31$662.22-17.87%Buy

ON Forecast FAQ


Yes, according to 25 Wall Street analysts, ON Semiconductor (ON) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 18 'Buy' recommendations, accounting for 72.00% of ON's total ratings.

ON Semiconductor (ON) average price target is $87.47 with a range of $55 to $115, implying a 28.71% from its last price of $67.96. The data is based on 25 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for ON stock, the company can go up by 28.71% (from the last price of $67.96 to the average price target of $87.47), up by 69.22% based on the highest stock price target, and down by -19.07% based on the lowest stock price target.

ON's highest twelve months analyst stock price target of $115 supports the claim that ON Semiconductor can reach $100 in the near future.

ON Semiconductor's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.74B (high $7.84B, low $7.66B), average EBITDA is $2.21B (high $2.24B, low $2.19B), average net income is $2.06B (high $2.09B, low $2.03B), average SG&A $697.31M (high $706.52M, low $690.65M), and average EPS is $4.75 (high $4.83, low $4.69). ON's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.74B (high $8.86B, low $8.66B), average EBITDA is $2.5B (high $2.53B, low $2.48B), average net income is $2.63B (high $2.67B, low $2.6B), average SG&A $787.72M (high $798.12M, low $780.2M), and average EPS is $6.07 (high $6.17, low $5.99).

Based on ON Semiconductor's last annual report (Dec 2023), the company's revenue was $8.25B, beating the average analysts forecast of $8.1B by 1.91%. Apple's EBITDA was $2.54B, beating the average prediction of $2.49B by 1.82%. The company's net income was $2.18B, beating the average estimation of $2.12B by 3.22%. Apple's SG&A was $641.5M, missing the average forecast of $693.77M by -7.53%. Lastly, the company's EPS was $5.07, beating the average prediction of $4.84 by 4.78%. In terms of the last quarterly report (Sep 2023), ON Semiconductor's revenue was $2.18B, beating the average analysts' forecast of $2.15B by 1.52%. The company's EBITDA was $878.6M, beating the average prediction of $614.25M by 43.04%. ON Semiconductor's net income was $582.7M, beating the average estimation of $580.89M by 0.31%. The company's SG&A was $178.9M, missing the average forecast of $193.59M by -7.59%. Lastly, the company's EPS was $1.35, beating the average prediction of $1.34 by 0.68%