Onsemi (ON) Stock Forecast & Price Target

$69.84 -0.98 (-1.38%)

(As of 01:27 PM ET)

Onsemi - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 23 Analyst Ratings

Sell
2

Hold
5

Buy
16

Based on 23 Wall Street analysts who have issued ratings for Onsemi in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 23 analysts, 2 have given a sell rating, 5 have given a hold rating, and 16 have given a buy rating for ON.

Consensus Price Target

$85.87
22.95% Upside

According to the 23 analysts' twelve-month price targets for Onsemi, the average price target is $85.87. The highest price target for ON is $104.00, while the lowest price target for ON is $55.00. The average price target represents a forecasted upside of 22.95% from the current price of $69.84.

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ON Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	15 Buy rating(s)	15 Buy rating(s)	14 Buy rating(s)
Hold	5 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	12 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$85.87	$85.43	$85.61	$98.88
Forecasted Upside	22.95% Upside	18.27% Upside	12.20% Upside	43.10% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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ON Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ON Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Onsemi Stock vs. The Competition

Type	Onsemi	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.61	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	22.95% Upside	280.38% Upside	6.57% Upside
News Sentiment Rating	Positive News See Recent ON News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Wells Fargo & Company 3 of 5 stars	J. Quatrochi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$85.00	+24.41%
11/19/2024	Needham & Company LLC 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$87.00 ➝ $87.00	+30.87%
11/11/2024	Loop Capital 2 of 5 stars	G. Mobley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$95.00	+35.79%
10/29/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$97.00 ➝ $89.00	+21.09%
10/29/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$75.00 ➝ $75.00	+4.43%
10/29/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$70.00 ➝ $75.00	+3.82%
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10/29/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$90.00 ➝ $90.00	+24.58%
10/29/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$63.00 ➝ $64.00	-11.41%
10/25/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$90.00 ➝ $85.00	+15.05%
10/25/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$60.00 ➝ $55.00	-25.55%
10/18/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Vijay Rakesh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$85.00	+23.56%
10/8/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$95.00 ➝ $90.00	+26.60%
7/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$80.00 ➝ $90.00	+19.78%
7/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$85.00 ➝ $90.00	+21.34%
7/30/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$90.00 ➝ $100.00	+34.39%
7/30/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$85.00 ➝ $88.00	+12.43%
7/17/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$85.00 ➝ $95.00	+20.65%
7/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Danely Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$85.00 ➝ $77.00	+0.17%
5/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$95.00 ➝ $100.00	+41.92%
4/30/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$115.00 ➝ $103.00	+45.44%
4/18/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$82.00 ➝ $72.00	+14.58%
4/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$91.00 ➝ $81.00	+26.31%
4/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$104.00	+58.44%
10/30/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$132.00 ➝ $78.00	+16.23%
10/30/2023	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
8/1/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$105.00 ➝ $110.00	+2.09%
7/31/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$130.00 ➝ $135.00	+25.29%
7/19/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform
5/17/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/2/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
2/7/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$81.00 ➝ $95.00	+18.16%
1/10/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Dorsheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:45 PM ET.

Should I Buy Onsemi Stock? ON Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Onsemi pros and cons to contact@marketbeat.com.

Onsemi
Bull Case

Here are some ways that investors could benefit from investing in ON Semiconductor Corporation:

ON Semiconductor Corporation reported earnings per share (EPS) of $0.99 for the latest quarter, exceeding the consensus estimate of $0.97, indicating strong financial performance and effective management.
The company has a market capitalization of $28.38 billion, which reflects its significant size and stability in the semiconductor industry, making it a potentially safer investment.
With a current stock price around $71.72, the stock is trading near its 50-day moving average of $70.37, suggesting it may be a good entry point for investors looking for stability.
Analysts have a consensus target price of $86.30, indicating potential upside from the current price, which could attract investors looking for growth opportunities.
ON Semiconductor Corporation has a strong return on equity of 22.38%, demonstrating effective use of shareholder funds to generate profits, which is a positive indicator for investors.

Onsemi
Bear Case

Investors should be bearish about investing in ON Semiconductor Corporation for these reasons:

The company's revenue for the latest quarter decreased by 19.2% compared to the same quarter last year, which may raise concerns about its growth trajectory and market demand.
ON Semiconductor Corporation has a relatively high PEG ratio of 6.94, suggesting that the stock may be overvalued relative to its earnings growth potential, which could deter value-focused investors.
Despite a strong EPS performance, the net margin of 23.80% indicates that profitability may be under pressure, which could affect future earnings stability.
The stock has experienced a 52-week performance decline of 25.94%, which may signal underlying issues that could affect investor confidence.
With a beta of 1.65, the stock is more volatile than the market, which could pose higher risks for investors who prefer stable investments.

ON Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Onsemi is $85.87, with a high forecast of $104.00 and a low forecast of $55.00.
: 23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Onsemi in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ON shares.
: According to analysts, Onsemi's stock has a predicted upside of 22.95% based on their 12-month stock forecasts.
: Onsemi has been rated by research analysts at Benchmark, BNP Paribas, KeyCorp, Loop Capital, Mizuho, Morgan Stanley, Needham & Company LLC, Robert W. Baird, Rosenblatt Securities, TD Cowen, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Onsemi less than other "computer and technology" companies. The consensus rating score for Onsemi is 2.61 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how ON compares to other companies.

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This page (NASDAQ:ON) was last updated on 11/27/2024 by MarketBeat.com Staff

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Onsemi (ON) Stock Forecast & Price Target