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onsemi stock surges with 26% upside potential amid AI and electric vehicle growth

Analyst Insights
23 May 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

onsemi's stock has rebounded strongly, rising from below $41 to over $106 in a year, driven by demand in AI data centers and vehicle electrification. The company reported strong free cash flow and authorized a $6 billion buyback, boosting investor confidence. Analysts see potential for the stock to reach $133.41 within 12 months, with a bullish case targeting $148 if margins improve. Risks include high valuation and exposure to automotive and China markets, but overall the outlook is positive if growth in AI and power semiconductors continues.

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