10:50 AM EST, 11/14/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month price target by USD11 to USD56, based on 32x our 2026 EPS estimate and below the company's three-year average forward P/E multiple of 43.6x, reflecting our view that the company is deserving of an above-peer multiple but should trade below its historical average as growth decelerates. We raise our 2025 and 2026 EPS estimates by CHF0.38 to CHF0.98 and CHF0.20 to CHF1.40, respectively. ON posted normalized FQ3 EPS of CHF0.43 vs. CHF0.16, CHF0.16 above consensus estimates on revenues of CHF794M vs. CHF636M, CHF31M above estimates. By region in FQ3, EMEA sales increased 28.6% Y/Y to CHF213M, Americas increased 10.3% to CHF436M, and APAC sales increased 94.2% to CHF145M. The sales increase in FQ3 was also well split between channels, with direct-to-consumer increasing 27.6% Y/Y to CHF315M and wholesale increasing 23.3% to CHF480M. FQ3 gross margin expanded 510 bps Y/Y to 65.7%. We raise our price target as ON proves it can pull levers to expand margins in any environment.