BofA lowered the firm’s price target on On Semi (ON) to $56 from $62 and keeps a Neutral rating on the shares. While “encouraged” by a transition in demand from inventory draining to more stable trends, the firm does not anticipate an upshift from restocking tailwinds yet and is still waiting for a sustained inflection in auto demand, although acknowledges Nexperia “presents an upside risk,” the analyst tells investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ON:
- ON Semiconductor Warns Investors of Risks in Forward-Looking Statements
- ON Semiconductor Exceeds Expectations in Q3 2025
- ON Semiconductor: Strategic Positioning and Growth Potential Justify Buy Rating
- On Semi price target lowered to $62 from $68 at Mizuho
- Midday Fly By: AWS in deal with OpenAI, Kimberly-Clark to buy Kenvue