StoneX Reiterates Buy on ON Semiconductor, $110 Price Target
- Rating
- Buy
- Unchanged
- Target
- $110
- Unchanged
- Upside
- +49%
- ON at $73.94 today
What the analyst said
StoneX analyst Gary Mobley reiterated a Buy rating and $110 price target on ON Semiconductor (NASDAQ: ON).
“Following slightly better-than-exp 3Q26 results and above-consensus 4Q26 guidance, we reiterate our Buy rating and $110 PT.
As flagged in our initiation, the debate regarding ON is not whether the EPS power exists or not.
Rather, it is about how much of that EPS power investors are willing to underwrite today, and how quickly a strengthening chip cycle can bring it forward.
In our view, the Sep-Q print / Dec-Q guide pulls that EPS power forward. ON shares still sit ~43% below the 52-wk high of $134.92, and at 16.5x our new NTM EPS est, we still like the riskreward.”
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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 $110 target is 22% above the median.
12-month window: day 0 of 365, closes on November 3, 2027.
Track record
This callOpen: ON has not reached $110 yet. This 12-month target is scored on October 15, 2027. Same target as this firm’s October 15, 2026 note, so it is scored there.
Firm track recordStoneX: 70% of its 23 targets at least a year old were reached within 12 months (#19 of 26 firms). Accuracy ranking →
StoneX on ON Semiconductor
StoneX price targets on ON Semiconductor
2 calls from October 15, 2026 to November 3, 2026. The target stayed at $110. The rating stayed Buy.
- November 3, 2026 This noteKept the $110 targetBuy$110
- October 15, 2026Earliest call shownBuy$110
Other analysts on ON Semiconductor
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
Wells FargoBuy
Cut price target −10%, kept rating · Nov 3
$90from $100