ON (ONON) Stock Forecast & Price Target

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$32.72

-0.29 (-0.88%)

(As of 11:33 AM ET)

ON Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 17 Analyst Ratings

Analysts' Consensus Price Target

$37.13
13.49% Upside

High Forecast	$46.00
Average Forecast	$37.13
Low Forecast	$30.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	14 Buy rating(s)	10 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$37.13	$35.71	$35.83	$29.61
Predicted Upside	13.49% Upside	15.20% Upside	22.51% Upside	16.14% Upside

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ONON Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ONON Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ON Stock vs. The Competition

Type	ON	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.76	2.54	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	12.49% Upside	95.75% Upside	12.31% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/16/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
4/11/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$32.00	-1.51%
4/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$38.00	+7.41%
3/21/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$37.00 ➝ $39.00	+8.70%
3/13/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$29.00 ➝ $30.00	-10.34%
3/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$40.00 ➝ $37.00	+10.58%
Get the Latest News and Ratings for ONON and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for ON and its competitors with MarketBeat's FREE daily newsletter.
3/7/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$34.00	+4.18%
3/6/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$37.00	+12.02%
3/5/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$40.00	+20.45%
11/13/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$36.00	+36.26%
10/20/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$40.00	+58.29%
10/9/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$33.00	+31.42%
10/6/2023	Williams Trading Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Hold
8/17/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$41.00 ➝ $38.00	+23.94%
8/16/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$38.00 ➝ $35.00	+13.78%
8/8/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$42.00 ➝ $46.00	+29.91%
7/31/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sell ➝ Neutral
7/25/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$42.00	+18.38%
5/17/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:39 AM ET.

ONON Price Target - Frequently Asked Questions

What is ON's consensus rating and price target?: According to the issued ratings of 17 analysts in the last year, the consensus rating for ON stock is Moderate Buy based on the current 4 hold ratings and 13 buy ratings for ONON. The average twelve-month price prediction for ON is $37.13 with a high price target of $46.00 and a low price target of $30.00. Learn more on ONON's analyst rating history.
Do Wall Street analysts like ON more than its competitors?: Analysts like ON more than other Consumer Discretionary companies. The consensus rating score for ON is 2.76 while the average consensus rating score for consumer discretionary companies is 2.54. Learn more on how ONON compares to other companies.
Does ON's stock price have much upside?: According to analysts, ON's stock has a predicted upside of 16.81% based on their 12-month stock forecasts.

What analysts cover ON?: ON has been rated by Barclays, Evercore ISI, Morgan Stanley, Piper Sandler, Redburn Atlantic, Stifel Nicolaus, Telsey Advisory Group, Truist Financial, and William Blair in the past 90 days.

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This page (NYSE:ONON) was last updated on 4/19/2024 by MarketBeat.com Staff

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ON (ONON) Stock Forecast & Price Target

ON Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

ONON Analyst Ratings By Month

ONON Price Targets by Month

ON Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

ONON Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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