ON Semiconductor Corporation Stock 12‑Month Price Target Cut to $101.5, Implies 45% Upside

What happened

The average 12-month price target for ON Semiconductor stock from 24 analysts fell to $101.5 from $103.46, with forecasts ranging from $75 to $139 per share. Based on the Nov. 2 closing price, that implies about 45% potential upside.

Confirmed

Global impact / market context

A lower average target means analysts on balance expect somewhat less future gain, which can shape how investors position in the stock. The wide $75 to $139 range shows big disagreement about the company's outlook, so individual estimates carry more weight.

Analyst inference

The consensus rating stays at Buy across 32 analysts: 17 Buys, 15 Holds, and 0 Sells. So the rating signal is positive while the target drifted slightly lower, a subtle split that suggests caution about price gains rather than a change in overall recommendation.

Analyst inference

What to watch

1. Watch whether the average target keeps falling from $101.5, since the prior figure was $103.46. A continued decline would signal analysts trimming expectations for the stock's potential upside. Confirmed
2. Watch for changes in the analyst mix of 17 Buys, 15 Holds, and 0 Sells, as any shift toward Holds or Sells could signal weaker conviction in the Buy consensus. Proposed
3. Watch whether the spread between the $75 low and $139 high forecast narrows, since a tighter range would suggest analysts are converging on a clearer view of the company's prospects. Analyst inference

Evidence

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