The analyst considers $ON at $91 a buying opportunity for the long term.
Onsemi's acquisition of Synaptics confirms the Edge AI thesis, targeting global leadership in intelligent systems, making $ON attractive for a long-term position.
$ON at $91 buying opportunity for LT IMO
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -2.3% | -3.9% |
| 1 week | +4.5% | +1.4% |
| 1 month | -1.8% | -3.2% |
| 3 months | — | — |
| 6 months | — | — |