Goldman Sachs has officially initiated coverage on ON Semiconductor (ON, Financial) as of July 10, 2025. The initiation comes with a Neutral rating assigned by analyst James Schneider. This strategic move positions ON Semiconductor as a noteworthy contender in the eyes of the financial community.
Alongside the Neutral rating, Goldman Sachs has set a price target of $60.00 USD for ON Semiconductor (ON, Financial). This target sets a benchmark for investors and stakeholders as they evaluate the company's performance in the market. Notably, there was no prior price target set by Goldman Sachs for ON Semiconductor, marking this as a critical starting point for future assessments.
The announcement made by Goldman Sachs indicates a balanced outlook on ON Semiconductor (ON, Financial), suggesting a cautious approach amid market conditions. Analysts and investors alike will be watching closely to see how ON Semiconductor's stock aligns with the projected price target in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for ON Semiconductor Corp (ON, Financial) is $54.26 with a high estimate of $72.11 and a low estimate of $33.00. The average target implies an downside of 6.07% from the current price of $57.77. More detailed estimate data can be found on the ON Semiconductor Corp (ON) Forecast page.
Based on the consensus recommendation from 34 brokerage firms, ON Semiconductor Corp's (ON, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ON Semiconductor Corp (ON, Financial) in one year is $59.07, suggesting a upside of 2.25% from the current price of $57.77. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ON Semiconductor Corp (ON) Summary page.
