Quick Takeaways:
- On Semiconductor (ON, Financial) receives a downgrade from B. Riley amid revenue growth concerns, adjusting its price target to $41.
- Analysts offer a mixed outlook with an average price target of $55.40, implying a potential upside of over 41%.
- GuruFocus estimates a GF Value of $57.53, indicating nearly a 47% upside potential.
On Semiconductor Faces Downgrade
On Semiconductor (ON) is undergoing a strategic reassessment as B. Riley cuts its rating from Buy to Neutral. This significant downgrade accompanies a revised price target of $41, reflecting concerns about the company's uncertain revenue growth and strategic adjustments that may affect its earnings in the latter half of the year.
Analyst Insights and Price Targets
In a landscape of diverse opinions, 25 analysts have projected a one-year price target for On Semiconductor Corp (ON, Financial), averaging $55.40. This suggests room for considerable growth potential from its current price of $39.20, translating to an estimated upside of 41.36%. The accompanying high and low estimates are $85.00 and $38.00, respectively. For a more detailed breakdown, visit the ON Semiconductor Corp (ON) Forecast page.
Brokerage Recommendations
The market reflects a moderate confidence in On Semiconductor Corp (ON, Financial) with a consensus recommendation of 2.4 from 32 brokerage firms. This score falls under the "Outperform" category on a scale ranging from 1 (Strong Buy) to 5 (Sell). Such ratings demonstrate a belief in the stock's potential, albeit with some caution.
GuruFocus Perspective on Valuation
According to GuruFocus estimates, the projected GF Value for On Semiconductor Corp (ON, Financial) is $57.53 within the next year. This estimate suggests a substantial upside of 46.78% from its current trading price of $39.195. The GF Value reflects what the fair market value of the stock should be, derived from its historical multiples, past growth trends, and anticipated future performance. For further insight, explore the ON Semiconductor Corp (ON) Summary page.
