Stifel ON Semiconductor · ON

Stifel Raises ON Semiconductor Price Target to $60

Analyst: Tore Svanberg 1 min read Reproduced verbatim
Rating
Hold
Target
$60
from $50 (+20%)
Outcome
Reached
on January 30, 2026
Stifel and ON Semiconductor logos

What the analyst said

Stifel analyst Tore Svanberg raised the price target on ON Semiconductor (NASDAQ: ON) to $60.00 (from $50.00) while maintaining a Hold rating.

“We believe onsemi shares will continue to benefit from a pipeline of design wins in growth markets allowing for richer margin expansion.

As one of the dominant players in a large Intelligent Power and Sensing market with a $74bn TAM, we believe onsemi remains well-positioned to achieve revenue growth of 7%-9% CAGR (over next five years), with a highly diversified customer base and exposure in multiple end markets (including its key Automotive / Industrial markets running near its LT target of 80% in 3Q25).

Moreover, while ON has historically exhibited a subpar margin profile, we believe the company’s material business transformation focused on these key end markets and streamlined operational costs has incrementally raised the margin ‘floor’ in downturns, though we acknowledge the material headwinds in CY25E putting pressure on these margins.

(3Q25: NG GMs of 38.0% and NG OMs of 19.2%).”

Disclaimer
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.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

ON trades at $72.25. The 11 analysts who set a target in the last 3 months range from $75 to $120, with a median of $90. This $60 target is 33% below the median, the lowest on the Street.

Since the note ON has moved +20% (from $60.28). 12-month window: day 291 of 365, closes on January 16, 2027.

Track record

This call✓ Target reached on January 30, 2026, 14 days after the note.

Firm track recordStifel: 83% of its 41 targets at least a year old were reached within 12 months (#5 of 26 firms). Accuracy ranking →

Stifel on ON Semiconductor

Stifel price targets on ON Semiconductor

8 calls from January 16, 2026 to October 5, 2026. The target went from $60 to $80 (+33%). The rating stayed Hold.

Stifel targetON share price
  1. October 5, 2026Target raised from $75 (+7%)Hold$80
  2. October 2, 2026Kept the $75 targetHold$75
  3. September 17, 2026Target cut from $90 (−17%)Hold$75
  4. August 4, 2026Target cut from $107 (−16%)Hold$90
  5. June 26, 2026Target raised from $90 (+19%)Hold$107
  6. April 30, 2026Target raised from $60 (+50%)Hold$90
  7. February 10, 2026Kept the $60 targetHold$60
  8. January 16, 2026 This noteEarliest call shownHold$60
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Other analysts on ON Semiconductor

StoneXBuy Kept rating and price target Nov 3 $110maintained CantorHold Kept rating and price target Nov 3 $90maintained MizuhoBuy Cut price target −8%, kept rating Nov 3 $87from $95 TruistHold Raised price target +1%, kept rating Nov 3 $76from $75 NeedhamBuy Kept rating and price target Nov 3 $116maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.