B. Riley Securities maintains ON Semiconductor at Buy, lowers price target to $97 from $105

What happened

B. Riley Securities kept its Buy rating on ON Semiconductor but lowered its price target to $97 from $105, a 7.6% decrease. The new target implies 38.4% upside from the November 2 close of $70.11.

Confirmed

Global impact / market context

A lower price target still above the current share price signals the analyst sees less upside but continued gains. The change can shape how investors judge the stock's potential, because target prices are common reference points for comparing expected returns and positioning.

Analyst inference

Other recent analyst targets for ON Semiconductor range from $75 to $116 across five notes. This spread shows experts disagree on the chipmaker's value, so B. Riley's cut sits within a mixed but mostly positive set of views.

Analyst inference

What to watch

1. The five most recent analyst notes over the past 30 days set price targets from $75 to $116, so watch whether later targets move toward or away from B. Riley's $97. Confirmed
2. Watch whether B. Riley changes its rating in future updates, since the firm kept Buy now but a downgrade would signal weaker conviction in the stock. Proposed
3. Watch ON Semiconductor's share price against the $97 target, because the implied 38.4% upside shrinks or grows as the stock moves toward or away from that level, shifting investor positioning. Analyst inference

Evidence

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