ON Semiconductor could surge 74% by 2027 driven by AI, EV growth, and margin expansion.

ON Semiconductor, a key supplier of power chips for AI data centers, electric vehicles, and grid storage, is positioned for significant growth by 2027. Despite its stock trading nearly 50% below its 52-week high, analysts see a 45% upside with a price target around $105, driven by expected 41% earnings growth and doubling AI data center revenue. Key growth drivers include rising silicon carbide sales, margin improvements, tight supply chains, and expanding EV market share, especially in China. While reaching $125 per share requires a 74% gain and involves risks like China exposure and delayed acquisitions, the company’s strong fundamentals and recent performance suggest it could deliver outsized returns by 2027.

ON Semiconductor shares trade at $76.36 on Pluang as of Oct 21, 2026 20:02 WIB, well below their 52-week high of $133.93. The stock has gained 0.98% in the past day, reflecting steady investor interest with 98% of orders on Pluang being buys. Market capitalization stands at $29.44 billion, indicating significant scale in the technology sector.