PPiper Sandler OON Semiconductor · ON
Piper Sandler Raises ON Semiconductor Price Target to $65
Rating
Buy
Price target
$65
Previous
$60
Implied upside
+5%
Piper Sandler analyst Harsh V.
Kumar raised the price target on ON Semiconductor (NASDAQ: ON) to $65.00 (from $60.00) while maintaining an Overweight rating.
“Utilization Recovery Drives Margin Upside: onsemi appears to be benefiting from a turn in the industry specifically within the industrial and automotive markets.
The company noted each 1% of fab utilization increase can add 20-30 basis points of gross margin uptick. ON believes utilization will go up during the first half of 2026.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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