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ON (ONON) Stock Forecast & Price Target

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$38.80
-0.23 (-0.59%)
(As of 06/28/2024 ET)
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ON - 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 20 Analyst Ratings

Consensus Price Target

$42.00
8.25% Upside
High Forecast$55.00
Average Forecast$42.00
Low Forecast$33.00
TypeCurrent Forecast
7/1/23 to 6/30/24		1 Month Ago
6/1/23 to 5/31/24		3 Months Ago
4/2/23 to 4/1/24		1 Year Ago
7/1/22 to 7/1/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
17 Buy rating(s)
15 Buy rating(s)
12 Buy rating(s)
10 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$42.00$40.67$36.02$29.94
Forecasted Upside8.25% Upside18.96% Upside13.45% Upside16.21% Upside

ONON 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.
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ONON 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.
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ON Stock vs. The Competition

TypeONConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.85
2.55
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside8.25% Upside128.70% Upside11.50% Upside
News Sentiment RatingPositive News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/21/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Overweight$40.00 ➝ $40.00+2.20%
6/18/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Civello
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy ➝ Buy$46.00 ➝ $46.00+10.52%
6/17/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$40.00 ➝ $47.00+14.49%
6/11/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		A. Sherman
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageOutperform$50.00+16.96%
6/7/2024Telsey Advisory Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$40.00 ➝ $47.00+11.40%
5/16/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$41.00+13.20%
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5/15/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$53.00 ➝ $55.00+50.68%
5/15/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$40.00 ➝ $43.00+18.46%
5/15/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$38.00 ➝ $40.00+10.44%
5/15/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$40.00 ➝ $45.00+24.24%
5/2/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$36.00 ➝ $38.00+17.10%
4/16/2024William Blair
Subscribe to MarketBeat All Access for the recommendation accuracy rating		D. Carden
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageOutperform
3/21/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$37.00 ➝ $39.00+8.70%
3/7/2024Redburn Atlantic
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Neutral$34.00+4.18%
11/13/2023Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$36.00+36.26%
10/9/2023Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Outperform$33.00+31.42%
10/6/2023Williams Trading
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ Hold
8/17/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$41.00 ➝ $38.00+23.94%
7/31/2023BTIG Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageSell ➝ Neutral
7/25/2023KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOverweight$42.00+18.38%
5/17/202351job
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
4/3/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderweight$16.50 ➝ $19.30-36.03%
3/21/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$28.00 ➝ $33.00+21.06%
9/21/2022Exane BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Aubrey Tianello
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageOutperform
7/26/2022OTR Global
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoveragePositive

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:16 PM ET.

ONON Forecast - Frequently Asked Questions

What is ON's stock forecast and purchase recommendation?

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for ON is $42.00, with a high forecast of $55.00 and a low forecast of $33.00. The consensus rating for ON stock is Moderate Buy based on the current 3 hold ratings and 17 buy ratings for ONON. Learn more on ONON's analyst rating history.

Do Wall Street analysts like ON more than its competitors?

Analysts like ON more than other "consumer discretionary" companies. The consensus rating score for ON is 2.85 while the average consensus rating score for "consumer discretionary" companies is 2.55. Learn more on how ONON compares to other companies.

Is ON being upgraded by Wall Street analysts?

Over the previous 90 days, ON's stock had 1 upgrade by analysts.

Does ON's stock price have much upside?

According to analysts, ON's stock has a predicted upside of 17.66% based on their 12-month stock forecasts.

What analysts cover ON?

ON has been rated by research analysts at Barclays, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, Truist Financial, UBS Group, and William Blair in the past 90 days.


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This page (NYSE:ONON) was last updated on 6/30/2024 by MarketBeat.com Staff

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