$ON

Analysts from Mizuho and Stifel Nicolaus provided updates on three tech companies. Gregg Moskowitz (Mizuho) reiterated a Buy rating on Palantir (PLTR) with a $245 target. Tower (TSEM) was given a Buy rating by Sahej Singh (Stifel) with a $235 target. Tore Svanberg (Stifel) maintained a Hold on ON Semiconductor (ON) with an $80 target. Analyst consensus for PLTR, TSEM, and ON are Strong Buy, Strong Buy, and Moderate Buy respectively.

Onsemi (ON) reported Q3 revenue of $1.72B, up 11% YoY, with AI data center revenue jumping 175% to $180M. The company is prioritizing AI and industrial chip supply, delaying some automotive restocking orders. Onsemi acquired Ferric for $600M to expand AI power management, raising its 2030 AI revenue target to over $3B. Shares rose 4.78% post-earnings.

Navitas Semiconductor (NVTS) rose 8% ahead of its Q3 report after onsemi (ON) reported 175% AI data center revenue growth. onsemi's $600M Ferric acquisition targets the same market. Analysts expect Navitas's 2025 revenue at $45.9M, rising to $47.7M in 2026. Other chip stocks like MPWR, POWI, and SNDK also gained.

Coinbase surged 8% after mixed Q3 results and a price target cut. Shopify fell 5% despite revenue near estimates. Bloom Energy rose 10% after an upgrade. Thomson Reuters dropped 7.5% on earnings miss. ON Semiconductor gained 4% on earnings beat. DuPont climbed 9% with raised outlook. Fiserv jumped 12% on strong earnings. AI-related stocks rebounded. Revvity gained 11% on raised guidance. Pfizer eased 1% with earnings beat. Zebra fell 6% despite beating estimates.

Truist Securities kept ON Semiconductor at Hold but increased its price target to $76 from $75, suggesting an 8.4% upside from the Nov 2 close of $70.11. Recent analyst targets for the stock range from $75 to $97.

ON Semiconductor's (ON) average price target dropped from $103.46 to $99.33, with estimates ranging from $75 to $139. This implies 42% upside from the Nov. 2 closing price. The consensus rating remains 'Buy' among 32 analysts, with 18 Buys and 14 Holds.

Evercore ISI Group kept its Outperform rating on ON Semiconductor but cut its price target to $90 from $137, a 34.3% reduction. This implies a 28.4% upside from the Nov 2 close of $70.11. Recent analyst price targets for the company range from $80 to $116.

Palantir (PLTR) shares fell 2% despite 96% revenue growth. Kirkland Lake (KLDC) reported high-grade gold findings. Sigma Lithium (SGML) upsized a $125M bond offering. Apple (AAPL) shares dropped 2% on mixed quarterly results. Match Group (MTCH) missed earnings estimates. OrganiGram (OGI) to acquire Aurora Cannabis (ACB) for C$561M. Roku (ROKU) ad revenue up 23%. ON Semiconductor (ON) raised Q4 earnings forecast. Shopify (SHOP) beat earnings but missed revenue forecasts.

Cantor Fitzgerald maintained a Neutral rating on ON Semiconductor (ON) with a $90 price target, citing modest earnings beats and strong demand in AI data centers and industrial segments. The stock trades at $70.11, with a Fair Value estimate of $76.60. Other analysts have mixed views, with Wells Fargo lowering its target to $90 and B.Riley to $97, while Needham keeps a Buy rating with a $116 target.

Rosenblatt kept ON Semiconductor at Neutral, reducing its price target to $80 from $85. The new target suggests 14.1% upside from the Nov 2 close of $70.11. Recent analyst price targets for the stock range from $75 to $120.