From Financial Modeling Prep: 2025-02-10 07:00:00

The consensus price target for ON Semiconductor Corporation (NASDAQ:ON) has dropped from $85.1 to $60 in the past year, signaling a more cautious outlook from analysts. Despite this, ON’s focus on silicon carbide (SiC) technology and vertical integration positions it well for long-term growth, with analyst Harsh Kumar setting a $75 price target.

ON Semiconductor is a key player in the semiconductor industry, specializing in intelligent sensing and power solutions for the automotive sector. Despite its strong market position, the consensus price target for ON has significantly decreased over the past year, reflecting analysts’ growing caution about the company’s stock performance.

Analysts had set an average price target of $85.1 for ON a year ago, but this has steadily declined to $60 in the past month. This downward trend suggests increasing skepticism among analysts regarding ON’s stock performance, possibly due to market conditions, company performance, or industry trends.

Although ON Semiconductor is currently facing market challenges, its strategic focus on silicon carbide (SiC) technology and vertical integration, including recent acquisitions and partnerships, positions it well for long-term growth. Analyst Harsh Kumar’s $75 price target reflects confidence in ON’s future performance despite short-term volatility.

Investors should consider these changes in analyst sentiment, along with other factors like recent company news and broader market conditions, when making investment decisions related to ON Semiconductor. The upcoming fourth-quarter earnings report may provide further insights into the company’s performance and impact investor sentiment.



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