ON Price Prediction Next Week
Technical Analysis: Based on the latest technical indicators, ON Semiconductor (ON) shows mixed signals:
- RSI-14 at 49.87 indicates neutral momentum
- Stochastic K (80.01) and D (78.45) suggest overbought conditions
- MACD line (-1.17) below signal line (-2.13) with positive histogram (0.96) shows potential trend reversal
- Price is trading between Bollinger Bands (BBL: 45.42, BBM: 52.15, BBU: 58.87) with BBP at 0.64
News Impact: Recent significant developments affecting ON's outlook:
- Q4 2024 revenues declined 15% YoY to $1.72B, missing analyst estimates
- Automotive segment facing challenges, particularly in China
- Management guided Q1 2025 revenue of $1.35B-$1.45B, significantly below consensus of $1.69B
- Multiple analysts have recently cut price targets due to continued demand weakness
Price Prediction for Next Week: Based on technical and fundamental factors:
- Support levels: $45.42 (BBL)
- Resistance levels: $52.15 (BBM)
- Expected trading range: $46-$50
Target Price: $47.50 with downward bias
Recommendation: SELL Rationale:
- Deteriorating demand outlook, especially in automotive sector
- Negative technical signals with MACD below signal line
- Multiple analyst downgrades and reduced price targets
- Current price showing weakness below key moving averages
The stock is likely to face continued pressure due to weak Q1 guidance and ongoing demand concerns in key markets. Traders should consider exiting positions or implementing protective strategies.
ON Similar Chart Price Prediction
The price of ON is predicted to go up 9%, based on the high correlation periods with TRAK. The similarity of these two price pattern on the periods is 92.62%.
ON
TRAK
Up: 9%Similarity: 92.62%
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ON VS S&P500
Onsemi's image sensors are best of breed in the automotive market, with a leading market share in high-growth, mission-critical applications like ADAS.
We think Onsemi will continue to outgrow its underlying markets and the broader semiconductor industry by selling greater dollar content into applications like cars and renewable energy applications, which also helps stave off its vulnerability to market cycles.
Onsemi is focusing its portfolio on the automotive and industrial markets, which we think will expand margins and create stickier customer relationships.
ON Analyst's Forecast
William Stein
Truist Securities
Hold
2025-02-11
Price Target
$60 → $52
Upside
+8.49%
Truist lowered the firm's price target on On Semiconductor to $52 from $60 and keeps a Hold rating on the shares. The company guided Q1 significantly below consensus, mostly owing to a demand pause concentrated in the autos end market and highlighting broad-based weakness seen in the space for some time, the analyst tells investors in a research note. Truist adds that On Semi has another significant problem - the shedding of about $350M in annualized "commodity" revenue - that will take some time to complete.
Suji Desilva
Roth MKM
Strong Buy
2025-02-11
Price Target
$100 → $60
Upside
+25.18%
Joe Quatrochi
Wells Fargo
Buy
2025-02-11
Price Target
$80 → $60
Upside
+25.18%
