ON Semiconductor (ON)
Analyst Updates
Benchmark: Benchmark downgraded ON Semiconductor from Buy to Hold, reflecting a more cautious near-term outlook despite the stock trading around $66.75.
Cantor Fitzgerald: Cantor Fitzgerald reiterated its Neutral rating on ON Semiconductor and maintained a $60.00 price target, indicating a balanced risk-reward view at current levels.
Citigroup: Citigroup reiterated its Neutral rating and raised its price target to $68.00 from $66.00, suggesting modest upside potential amid improving fundamentals.
Craig Hallum: Craig Hallum reiterated its Hold rating on ON Semiconductor, signaling a wait-and-see stance without a disclosed target change.
KeyCorp: KeyCorp raised its price target to $75.00 from $65.00 and maintained an Overweight rating, reflecting increased confidence in earnings trajectory and sector positioning.
Mizuho Securities: Mizuho lowered its price target to $70.00 from $72.00 while maintaining an Outperform rating, suggesting continued constructive sentiment despite slightly tempered expectations.
Needham & Company LLC: Needham raised its price target to $72.00 from $68.00 and maintained a Buy rating, reflecting favorable growth dynamics and improving visibility.
Piper Sandler: Piper Sandler reiterated its Overweight rating and increased its price target to $75.00 from $65.00, implying meaningful upside from current trading levels.
Rosenblatt Securities: Rosenblatt Securities raised its price target to $60.00 from $50.00 while maintaining a Neutral rating, indicating improving outlook but limited conviction relative to peers.
TD Cowen: TD Cowen reiterated its Buy rating on the shares, maintaining a positive long-term stance.
Truist Financial: Truist Financial raised its price target to $66.00 from $57.00 and maintained a Hold rating, suggesting valuation is approaching fair value despite improved fundamentals.
Wells Fargo & Company: Wells Fargo increased its price target to $72.00 from $70.00 and maintained an Overweight rating, reflecting continued optimism on margin recovery and cyclical semiconductor demand.
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