Morgan Stanley raised the firm’s price target on On Semi (ON) to $55 from $52 and keeps an Equal Weight rating on the shares. Following a “slight beat” in the September quarter and in-line guidance for the December quarter, the firm comes away from earnings with “incremental optimism” on the data center opportunity and improved setup for an inventory replenishment cycle, but adds that its estimates for calendar year 2026 already imply upside from here.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ON:
- ON Semiconductor’s Promising Growth: Buy Rating Backed by Strong Performance and Strategic AI Initiatives
- ON Semiconductor: Solid Performance Amidst SiC Margin Pressures, Neutral Outlook Maintained
- On Semi price target lowered to $56 from $62 at BofA
- ON Semiconductor Warns Investors of Risks in Forward-Looking Statements
- ON Semiconductor Exceeds Expectations in Q3 2025