Critical Insights From ON Semiconductor Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for ON Semiconductor (NASDAQ:ON) show diverse outlooks, with a mix of bullish, somewhat bullish, and indifferent stances. The average 12-month price target is $88.33, slightly up from the previous $88.17. Analyst actions include maintaining, lowering, and raising ratings and price targets, reflecting dynamic market conditions and company performance. ON Semiconductor, a leading supplier in the automotive and industrial markets, faces revenue challenges with a -4.06% decline over 3 months but demonstrates strong profitability and financial health with high net margin and ROE.
March 13, 2024 | 6:01 pm
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POSITIVE IMPACT
ON Semiconductor has received mixed analyst ratings, with an updated average 12-month price target of $88.33. Despite facing revenue challenges, the company's strong profitability and financial health indicators such as high net margin and ROE are positive signs.
The mixed analyst ratings with a slight increase in the average price target suggest a cautiously optimistic outlook for ON Semiconductor. The company's strong profitability metrics and financial health, despite revenue challenges, indicate resilience and potential for growth, likely contributing to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100