Cantor ON Semiconductor · ON

Cantor Fitzgerald Lowers ON Semiconductor Price Target to $90

Analyst: Matthew Prisco 1 min read Reproduced verbatim
Rating
Neutral
Target
$90
from $110 (−18%)
Upside
+23%
ON at $73.33 today
Cantor and ON Semiconductor logos

What the analyst said

Cantor Fitzgerald analyst Matthew Prisco lowered the price target on ON Semiconductor (NASDAQ: ON) to $90 (from $110) while maintaining a Neutral rating.

“The market was clearly not overly thrilled with ON’s Analyst Day as the stock traded off ~9% with various dynamics cited in our conversations as potential drivers such as a CY30 target model roughly in line with expectations (buyside was already at $10+ EPS, with bias higher), slowing DC growth in the CY27-CY30 timeframe (“only” 30%+ CAGR following the quadrupling of revs from CY25-27), front-run TAM expansion vision at earnings (taking some of the “punch” out of numbers), limited change to GM trendline (milestone remains ~53%, upside thereafter), etc.

And while we were more cautious around ON into the AD, we are a bit surprised by the magnitude of the sell-off…Ahead of deeper work into the EPP opportunity, we reiterate our Neutral rating and adjust our price target to $90 (from $110) to better reflect the current backdrop (equating to 14x our CY28 upside EPS vs.

17x before) – but to be clear, we are walking away incrementally positive on the ON story as we look to get smarter on this newly announced technology.”

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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 $73.33. 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 +10% (from $66.60). 12-month window: day 47 of 365, closes on September 17, 2027.

Track record

This callOpen: ON has not reached $90 yet. This 12-month target is scored on September 17, 2027.

Firm track recordCantor: 79% of its 53 targets at least a year old were reached within 12 months (#11 of 26 firms). Accuracy ranking →

Cantor on ON Semiconductor

Cantor price targets on ON Semiconductor

8 calls from June 26, 2026 to November 3, 2026. The target went from $100 to $90 (−10%). The rating stayed Hold.

Cantor targetON share price
  1. November 3, 2026Kept the $90 targetHold$90
  2. September 17, 2026 This noteTarget cut from $110 (−18%)Hold$90
  3. September 9, 2026Kept the $110 targetHold$110
  4. August 4, 2026Kept the $110 targetHold$110
  5. July 31, 2026Kept the $110 targetHold$110
  6. July 8, 2026Kept the $110 targetHold$110
  7. June 29, 2026Target raised from $100 (+10%)Hold$110
  8. June 26, 2026Earliest call shownHold$100
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Other analysts on ON Semiconductor

StoneXBuy Kept rating and price target Nov 3 $110maintained 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
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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.