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ON Semiconductor (ON) Stock Forecast & Price Target

ON Semiconductor (ON) Analyst Ratings

Based on 38 analyst ratings
Buy
Strong Buy 26%
Buy 29%
Hold 39%
Sell 5%
Strong Sell 0%

Bulls say

ON Semiconductor is strategically positioned to capitalize on emerging growth areas such as electric vehicles and industrial automation, bolstered by an expected free cash flow of 25-30% relative to sales by 2025. The company is targeting significant gross margin expansion, with projections indicating average quarterly revenue of $1.65 billion in 2026 at a normalized gross margin of 40.6%, suggesting potential upside from capacity reduction plans. Furthermore, with key facilities in East Fishkill and Bucheon supporting increased production capabilities, ON Semiconductor is well-equipped to meet the rising demand driven by electrification and power efficiency requirements in the automotive and industrial sectors.

Bears say

The outlook for ON Semiconductor's stock appears negative due to declining utilization rates, with gross margins projected to drop from approximately 45% in the first three quarters of 2024 to a midpoint of around 40% in the first quarter of 2025, and further to approximately 38.5% by the second quarter of 2025. Additionally, a significant decline in electric vehicle registrations in China, with monthly decreases of 30-40% in January and an additional 16% in February, signals weakened consumer confidence and poses risks to growth in key markets. Furthermore, management's anticipated reduction in Other revenue from $1.38 billion in 2024 to $895 million in 2025, combined with ongoing pricing pressures, underscores potential challenges in realizing manufacturing efficiencies and maintaining overall revenue stability.

ON Semiconductor (ON) has been analyzed by 38 analysts, with a consensus rating of Buy. 26% of analysts recommend a Strong Buy, 29% recommend Buy, 39% suggest Holding, 5% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of ON Semiconductor and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About ON Semiconductor (ON) Forecast

Analysts have given ON Semiconductor (ON) a Buy based on their latest research and market trends.

According to 38 analysts, ON Semiconductor (ON) has a Buy consensus rating as of Aug 25, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $58.84, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $58.84, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

ON Semiconductor (ON)


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