On July 16, 2025, ON Semiconductor (ON, Financial) received significant attention from the financial community as Wells Fargo analyst Joe Quatrochi reaffirmed his confidence in the company's future performance. The analyst maintained an "Overweight" rating for ON, which signifies a positive outlook and suggests that the stock is expected to perform better than the market average.
Alongside maintaining the "Overweight" rating, Joe Quatrochi raised the price target for ON Semiconductor (ON, Financial) from USD 60.00 to USD 65.00. This adjustment reflects an 8.33% increase from the prior price target, indicating a strengthened belief in the company's potential to meet or exceed this valuation in the market.
The news of the increased price target came as a result of ON Semiconductor's ongoing strategic initiatives and their impact on the projected earnings and revenue trajectory. The stock ticker (ON, Financial) continues to capture investor interest on the NASDAQ exchange.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 28 analysts, the average target price for ON Semiconductor Corp (ON, Financial) is $55.68 with a high estimate of $72.11 and a low estimate of $33.00. The average target implies an downside of 4.83% from the current price of $58.51. More detailed estimate data can be found on the ON Semiconductor Corp (ON) Forecast page.
Based on the consensus recommendation from 35 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 0.96% from the current price of $58.51. 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.
