"KeyBanc raised its ON Semiconductor stock price target to $125 from $75, maintaining an Overweight rating after a Q1 2026 print that pointed to a cyclical bottom."
"The unifying message from analysts is that management is finally seeing meaningful recovery, with AI datacenter demand guided to double year over year in 2026."
"ON Semiconductor's stock has rallied 63% over the past month and 87% year to date, last trading near $101.60, reflecting both the analyst upgrade cycle and renewed investor confidence."
"Key indicators including lead times, book-to-bill, and backlog are all trending positively, with analysts declaring that ON Semiconductor has 'finally called a bottom' as demand signals improved."
KeyBanc raised ON Semiconductor's stock price target to $125, indicating a recovery in the chipmaker's performance. Analysts from various firms noted a significant increase in AI datacenter demand, expected to double in 2026. ON Semiconductor's stock has surged 63% in the past month and 87% year-to-date, reflecting renewed investor confidence. Key indicators such as lead times and backlog are trending positively, while the company reported $6 billion in revenue for FY2025 and announced a $6 billion buyback program.
Read at 24/7 Wall St.
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