Quick Read – ON Semiconductor (ON) surged 137% year to date and trades near its 52-week high, with our $141.68 target implying 10% more upside. – Q4 free cash flow grew 12% even as revenue fell 11%, validating El-Khoury’s restructuring with GaN and SiC wins stacking as…
talysts. – Barclays holds a $75 target citing auto and China risks, while CFO Thad Trent’s April insider selling adds a meaningful caution flag. – Don’t wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now
ON Semiconductor (NASDAQ:ON) has staged one of the most aggressive recoveries in the chip sector this year, and our proprietary model still sees room to run. After a vicious 2025 cyclical downturn, shares have rallied 137.56% year to date and now trade just shy of the 52-week high. Our 24/7 Wall St. price target for onsemi is $141.68, implying additional upside even after the run. 24/7 Wall St.
Price Target Summary The 24/7 Wall St. price target points to $141.68 over the next 12 months, a constructive view that runs against the Street’s $105.45 consensus. Confidence is high, but with a beta near 1.94, position sizing matters. A Vertical Rally Out of a Cyclical Trough ON is up 202.4% over the past year and 24.86% in the past month alone, with shares climbing from $113.11 on May 15 to current levels.