ON (ONON) Stock Forecast & Price Target

$37.19

+0.54 (+1.47%)

(As of 07/5/2024 ET)

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

$42.53
14.36% Upside

High Forecast	$55.00
Average Forecast	$42.53
Low Forecast	$33.00

Type	Current Forecast 7/7/23 to 7/6/24	1 Month Ago 6/7/23 to 6/6/24	3 Months Ago 4/8/23 to 4/7/24	1 Year Ago 7/7/22 to 7/7/23
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)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$42.53	$40.67	$37.13	$29.94
Forecasted Upside	14.36% Upside	18.96% Upside	16.56% Upside	16.21% Upside

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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.

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.

ON Stock vs. The Competition

Type	ON	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.85	2.55	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	14.42% Upside	117.62% Upside	12.42% Upside
News Sentiment Rating	Positive 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
7/3/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$41.00 ➝ $47.00	+26.21%
6/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$40.00 ➝ $40.00	+2.20%
6/18/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Civello Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$46.00 ➝ $46.00	+10.52%
6/17/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$40.00 ➝ $47.00	+14.49%
6/11/2024	Sanford 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 Coverage	Outperform	$50.00	+16.96%
6/7/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$40.00 ➝ $47.00	+11.40%
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5/16/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$41.00	+13.20%
5/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$53.00 ➝ $55.00	+50.68%
5/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$40.00 ➝ $43.00	+18.46%
5/15/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$38.00 ➝ $40.00	+10.44%
5/15/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$40.00 ➝ $45.00	+24.24%
5/2/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$36.00 ➝ $38.00	+17.10%
4/16/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Carden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
3/21/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$37.00 ➝ $39.00	+8.70%
3/7/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$34.00	+4.18%
11/13/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$36.00	+36.26%
10/9/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$33.00	+31.42%
10/6/2023	Williams Trading Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold
7/31/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell ➝ Neutral
7/25/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$42.00	+18.38%
5/17/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/3/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight	$16.50 ➝ $19.30	-36.03%
3/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$28.00 ➝ $33.00	+21.06%
9/21/2022	Exane 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 Coverage	Outperform
7/26/2022	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Positive

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:51 AM ET.

ONON Forecast - Frequently Asked Questions

What is ON's forecast for 2024?: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for ON is $42.53, with a high forecast of $55.00 and a low forecast of $33.00.
Should I buy or sell ON stock right now?: 20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ON in the last year. There are currently 3 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ONON shares.
Does ON's stock price have much upside?: According to analysts, ON's stock has a predicted upside of 17.86% based on their 12-month stock forecasts.
Has ON been upgraded by Wall Street analysts recently?: Over the previous 90 days, ON's stock had 1 upgrade by analysts.
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, The Goldman Sachs Group, Truist Financial, UBS Group, and William Blair in the past 90 days.
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.