TD Cowen ON Semiconductor · ON

TD Cowen Downgrades ON Semiconductor to Hold, $110 Price Target

Analyst: Joshua Buchalter 1 min read Reproduced verbatim
Rating
Hold
from Buy
Target
$110
from $115 (−4%)
Outcome
Reached
on June 26, 2026
TD Cowen and ON Semiconductor logos

What the analyst said

TD Cowen analyst Joshua Buchalter downgraded ON Semiconductor (NASDAQ: ON) from Buy to Hold with a price target of $110.00 (from $115.00).

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 $72.60. The 11 analysts who set a target in the last 3 months range from $75 to $120, with a median of $90. This $110 target is 22% above the median.

Since the note ON has moved −39% (from $119). 12-month window: day 131 of 365, closes on June 26, 2027.

Track record

This call✓ Target reached on June 26, 2026, 0 days after the note.

Firm track recordTD Cowen: 83% of its 35 targets at least a year old were reached within 12 months (#6 of 26 firms). Accuracy ranking →

TD Cowen on ON Semiconductor

TD Cowen price targets on ON Semiconductor

6 calls from January 16, 2026 to October 19, 2026. The target went from $70 to $75 (+7%). The rating moved from Buy to Hold.

TD Cowen targetON share price
  1. October 19, 2026Target cut from $95 (−21%)Hold$75
  2. July 13, 2026Target cut from $110 (−14%)Hold$95
  3. June 26, 2026 This noteDowngraded to Hold, target cut from $115 (−4%)Hold$110
  4. May 5, 2026Target raised from $80 (+44%)Buy$115
  5. April 10, 2026Target raised from $70 (+14%)$80
  6. January 16, 2026Earliest call shown$70
Share

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
Share on
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.