Analyst Ratings for ON Semiconductor
Portfolio Pulse from Benzinga Insights
ON Semiconductor (NASDAQ:ON) received 15 analyst ratings in the last quarter, with an average 12-month price target of $88.2, a decrease of 25.01% from the previous target of $117.62. The ratings include 5 bullish, 3 somewhat bullish, and 7 indifferent, with no bearish or somewhat bearish ratings. Analysts' opinions can provide guidance but are subjective and part of broader financial analysis.
November 14, 2023 | 12:00 pm
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ON Semiconductor's average 12-month price target has been lowered by analysts to $88.2, indicating a potential decrease in investor expectations for the stock's future performance.
The reduction in the average price target by 25.01% reflects a significant change in analysts' expectations, which could lead to a negative short-term impact on the stock price as investors adjust their valuation models. The absence of bearish ratings may provide some support, but the lowered target is the predominant factor.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100