Stifel ON Semiconductor · ON

Stifel Raises ON Semiconductor Price Target to $90

Analyst: Tore Svanberg 1 min read Reproduced verbatim
Rating
Hold
Target
$90
from $60 (+50%)
Outcome
Reached
on June 29, 2026
Stifel and ON Semiconductor logos

What the analyst said

Stifel analyst Tore Svanberg raised the price target on ON Semiconductor (NASDAQ: ON) to $90.00 (from $60.00) while maintaining a Hold rating.

“Contemplating the positive data points across recent peer performance, recent geopolitical conflict, and the positive March ISM PMI print, we expect ON to deliver results above our 1Q26E (Mar) estimate for revenue of $1.49bn (-2.9% q/q) and NG EPS of $0.61. • We believe ON could guide 2Q26E higher than our revenue of $1.51bn (+2.0% q/q), slightly below consensus of $1.53bn, and NG EPS of $0.64 (vs. consensus $0.66), representing an underperformance against the five-year seasonal average of +4.3% revenue growth in Jun Q. • Overall, while we believe ON is well positioned to participate in the upcoming analog recovery, we also believe the primary secular growth drivers are already captured in the current stock price.

Maintain Hold with raised 12-month target price of $90 (from $60), representing a 24.4x CY27E P/E multiple.”

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 $73.94. The 11 analysts who set a target in the last 3 months range from $75 to $120, with a median of $90. This $90 target is in line with the median.

Since the note ON has moved −25% (from $98.86). 12-month window: day 187 of 365, closes on April 30, 2027.

Track record

This call✓ Target reached on June 29, 2026, 2 months 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, 2026 This noteTarget raised from $60 (+50%)Hold$90
  7. February 10, 2026Kept the $60 targetHold$60
  8. January 16, 2026Earliest call shownHold$60
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Other analysts on ON Semiconductor

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 Wells FargoBuy Cut price target −10%, kept rating Nov 3 $90from $100 B RileyBuy Cut price target −8%, kept rating Nov 3 $97from $105
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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.