Stifel ON Semiconductor · ON

Stifel Raises ON Semiconductor Price Target to $80

Oct 5, 2026 Analyst: Tore Svanberg 1 min read Reproduced verbatim
Rating
Hold
Price target
$80
from $75
Implied downside
-6%
vs $84.89 prior close
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This callScored on Apr 6, 2027, six months after the note: did ON reach $80?

Firm track recordStifel reached 74% of its 34 scored targets within six months (#13 of 30 firms). Accuracy ranking →

Stifel on ON Semiconductor · target history
Jan 16, 2026 · $60 · Hold Feb 10, 2026 · $60 · Hold Apr 30, 2026 · $90 · Buy Jun 26, 2026 · $107 · Hold Aug 4, 2026 · $90 · Hold Sep 17, 2026 · $75 · Hold Oct 2, 2026 · $75 · Hold Oct 5, 2026 · $80 · Hold · this note

Stifel analyst Tore Svanberg raised the price target on ON Semiconductor (NASDAQ: ON) to $80 (from $75) while maintaining a Hold rating.

“We maintain our Hold rating for onsemi shares, primarily as we continue to monitor the pace of the recovery following the inventory correction within Industrial and Automotive, which management noted is now behind the company.

We believe onsemi shares will continue to benefit from a pipeline of design wins in growth markets (AI/DC, EVs, energy infrastructure) allowing for richer margin expansion, and supporting an overall $213bn TAM by 2030.

We believe the company could achieve its target revenue growth of 12-14% CAGR longer term, potentially supported by a diversified customer base and exposure in multiple end markets, with its key Automotive and Industrial segments representing 75.1% of 2Q26 sales, slightly below the long-term target of 80%.

Moreover, while ON has historically exhibited a subpar margin profile, we believe the company’s material business transformation and streamlined operational costs have incrementally raised the margin ‘floor’ in downturns.

(2Q26: NG GMs of 39.3% and NG OMs of 20.8%).”

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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.