Stocks Slip As Strong November Retail Sales Raise Concerns Over 2025 Fed Rate Cuts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
0mins
Source: Benzinga
Market Reaction to Retail Sales Data: Wall Street opened lower as strong retail sales data raised concerns about the Federal Reserve potentially delaying interest rate cuts, with major indices like the S&P 500 and Nasdaq experiencing declines.
Investor Sentiment and Fed Outlook: The robust retail sales figures, alongside other economic indicators, have led to uncertainty regarding the Fed's future rate decisions, with expectations for fewer rate cuts next year than previously anticipated.
Analyst Views on ON
Wall Street analysts forecast ON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ON is 61.25 USD with a low forecast of 50.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
9 Buy
10 Hold
0 Sell
Moderate Buy
Current: 60.280
Low
50.00
Averages
61.25
High
80.00
Current: 60.280
Low
50.00
Averages
61.25
High
80.00
About ON
ON Semiconductor Corporation operates under the onsemi brand. It provides intelligent power and intelligent sensing solutions. Its segments include the Power Solutions Group (PSG), the Analog & Mixed-Signal Group (AMG), and the Intelligent Sensing Group (ISG). PSG offers an array of discrete, module and integrated semiconductor products that perform multiple application functions, including power switching, signal conditioning, and circuit protection. AMG designs and develops analog, mixed-signal, Power Management ICs, Sensor Interface devices, Power Conversion, Signal Chain, and Voltage Regulation devices for a broad base of end-users in the automotive, industrial, computing and mobile end-markets. ISG designs and develops CMOS image sensors, image signal processors, single photon detectors, including SiPM, SPAD arrays and short-wavelength infrared products, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the different end-markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
