- Stifel raised its ON Semiconductor price target to $80 from $75 while maintaining a Hold rating, pointing to design wins in AI, data centers, electric vehicles, and energy infrastructure.
- Stifel said ON's inventory correction in its Industrial and Automotive segments, which were 75.1% of Q2 2026 sales, is complete, and projects the company can hit its 12%-14% long-term revenue CAGR target on a diversified customer base and cost streamlining.
- BofA raised its ON Semiconductor price target to $72 from $68 and kept a Buy rating after reworking deal terms with Synaptics.
- The revised Synaptics agreement shifts more economics toward ON, with Synaptics taking over a fab and related assets while ON moves some production to foundry partners, lowering ON's capex; the deal is expected to close in H1 2026.
Quotes
“Stifel raised its price target on ON Semiconductor (NASDAQ:ON) shares to $80 from $75”
“BofA raised its ON price target to $72 from $68 and kept a Buy rating”