Baird ON Semiconductor · ON

Baird Raises ON Semiconductor Price Target to $100

Analyst: Tristan Gerra 1 min read Reproduced verbatim
Rating
Neutral
Target
$100
from $56 (+79%)
Outcome
Reached
on June 26, 2026
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What the analyst said

Baird analyst Tristan Gerra raised the price target on ON Semiconductor (NASDAQ: ON) to $100.00 (from $56.00) while maintaining a Neutral rating.

“Muted top line and gross margin re-acceleration despite the cycle recovery highlight ongoing share losses which we attribute to product pruning in addition to the pricing strategy adopted in 2021-2022.

LTSAs, while declining, still represent most of our projected 2026 revenue, and remain a headwind in our view.

Entry in high-voltage GaN (AI data center) is very recent, while ON Semi currently lacks ultra high-voltage SiC. Neutral-rated.”

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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 $63.31. The 11 analysts who set a target in the last 3 months range from $75 to $120, with a median of $90. This $100 target is 11% above the median.

Since the note ON has moved −38% (from $102). 12-month window: day 187 of 365, closes on May 5, 2027.

Track record

This call✓ Target reached on June 26, 2026, 2 months after the note.

Firm track recordBaird: 91% of its 32 targets at least a year old were reached within 12 months (#1 of 26 firms). Accuracy ranking →

Earnings reactionOne of 14 notes after ON Semiconductor’s May 4 results: 14 raised · 0 cut · 0 kept. See every call →

Baird on ON Semiconductor

Baird price targets on ON Semiconductor

2 calls from May 5, 2026 to August 4, 2026. The target went from $100 to $108 (+8%). The rating stayed Hold.

Baird targetON share price
  1. August 4, 2026Target raised from $100 (+8%)Hold$108
  2. May 5, 2026 This noteEarliest call shownHold$100
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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.