ON Semiconductor shows strong recovery with 24% upside potential and bullish outlook for AI data center growth.

ON Semiconductor has rebounded from a steep 2025 decline, posting revenue growth and beating Q2 estimates. The company expects AI data center revenue to more than double in 2026, supporting a bullish price target of $96.51, implying a 24.48% upside from current levels. Despite recent stock volatility and risks like automotive exposure and integration challenges, analysts remain optimistic with a buy rating and a long-term price target reaching $135.97 by 2030. The recovery hinges on margin improvements and sustained demand in AI and automotive sectors.

As of Oct 14, 2026 00:41 WIB, ON Semiconductor trades at USD 75.92 on Pluang, showing a slight 0.11% decline in the past day. The stock's market capitalization stands at $29.59 billion, with a notable 69% of Pluang users currently buying. This buying interest highlights continued investor confidence despite recent volatility and risks mentioned in the news.