Deutsche Bank and Needham on February 10, 2026 maintained Buy on ON Semiconductor Corporation (ON) and raised price targets. This ON analyst rating keeps a bullish tilt while the stock traded lower that morning. Deutsche Bank lifted its target to $75 from $65, and Needham raised its target to $72 from $68. Both firms kept the Buy call, signaling continued confidence in ON’s market position and revenue mix.
ON analyst rating: Analyst actions and price targets
Both rating changes came on February 10, 2026. Deutsche Bank at 10:45 AM maintained Buy and raised its price target to $75 from $65. See the report summary on TheFly source.
Needham at 09:15 AM also maintained Buy and lifted its price target to $72 from $68. Read Needham’s note on TheFly source.
What the maintained Buy ratings mean for investors
A maintained Buy with higher price targets signals analyst confidence in revenue drivers. It shows analysts expect better earnings or margin improvement ahead. Investors should see this as confirmation of near-term upside potential but not a guarantee of returns.
Short-term stock reaction and market context
Market reaction was muted to negative intraday despite the upgrades to targets. The stock moved -2.44% ($-1.63) after the Deutsche Bank note and -3.41% ($-2.30) after Needham’s note. ON’s market cap stands at $27,556,667,244, which frames these moves relative to large-cap volatility.
Historical analyst coverage and where this fits
ON has drawn steady analyst attention because of its position in power and automotive semiconductors. Recent price-target raises keep ON within the group of firms that expect structural demand recovery in automotive and industrial end markets. The maintained Buy calls reinforce a consensus lean toward positive medium-term fundamentals.
Meyka Grade and analyst consensus implications
Meyka AI rates ON with a grade of B+. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Investors should note this grade alongside analyst actions and use it as a comparative signal, not as financial advice.
Meyka AI provides this analysis as an AI-powered market analysis platform to help investors weigh analyst moves and price targets.
Key indicators investors should watch next
Watch upcoming earnings, guidance, and automotive demand metrics for confirmation of analyst views. Track revisions to consensus EPS and forward margins after these notes. Also watch trading volume around earnings and analyst notes for conviction signals.
Final Thoughts
On February 10, 2026, Deutsche Bank and Needham maintained Buy on ON Semiconductor Corporation (ON) and raised targets to $75 and $72 respectively. This ON analyst rating reflects continued analyst confidence in ON’s structural end-market exposure and margin potential. Short-term market reaction was negative that day, with moves of -2.44% and -3.41%, but price-target lifts often reflect longer horizon expectations. Meyka AI rates ON with a grade of B+, which combines benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Investors should treat maintained Buy calls as one input, weigh upcoming company updates, and compare analyst targets to their risk profiles before acting.
FAQs
What does a maintained Buy from Deutsche Bank and Needham mean for ON?
A maintained Buy means analysts keep a positive stance while adjusting valuation. Deutsche Bank and Needham raised price targets, signaling expected upside. It suggests confidence in ON’s revenue and margin outlook, but it does not guarantee stock gains.
How should I use the ON analyst rating in my decisions?
Use the ON analyst rating as one data point. Compare raised price targets to current price, review earnings trends, and consider Meyka’s B+ grade. Combine analyst guidance with your risk tolerance and time horizon.
Do the new price targets change ON’s risk profile?
Higher price targets imply better expected returns, but they do not lower company risk. Operational execution, macro demand, and supply-chain risks remain. Monitor earnings and volume for confirmation of analyst expectations.
Where can I read the analyst notes for these updates?
Deutsche Bank’s and Needham’s summaries are available via TheFly. See Deutsche Bank’s note source and Needham’s note [source](https://thefly.com/permalinks/entry.php/id428934
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
