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Analyst Upgrade Boosts ON Semiconductor Target to $85 Amid Strong Fundamentals

Apr 13, 2026, 2:01 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Analyst upgrades generally lead to increased buying activity, enhancing stock momentum, especially with impending earnings.

AI summary

What happened, with direct paths to the underlying reporting

B of A Securities upgraded ON Semiconductor to Buy with a new price target of $85, citing strong cash flow and growth potential in EBIT margins despite current industry challenges. The upcoming earnings report on May 4, 2026, will likely serve as the next key catalyst impacting the stock's momentum.

Analyst upgrades ON Semiconductor from Neutral to Buy, raising targets to $85.
Improving fundamentals noted, including 6% free cash flow yield and EBIT margin expansion.
ON shares rose 3.66%, nearing 52-week high of $73.76.
Key resistance at $74; support found around $67.
Earnings report is next major catalyst, estimated for May 4, 2026.

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