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ONON Stock Forecast 2026-2027
$37.99
Current Price
$12.57B
Market Cap
Buy 22
Hold 4
Sell 1
Wall St Analyst Ratings
Distance to ONON Price Targets
+124.2%
To High Target of $85.18
+49.3%
To Median Target of $56.71
-21.8%
To Low Target of $29.70
ONON Price Momentum
-7.7%
1 Week Change
-16.1%
1 Month Change
-18.2%
1 Year Change
-18.3%
Year-to-Date Change
-38.0%
From 52W High of $61.29
+10.5%
From 52W Low of $34.38
📊 TOP ANALYST CALLS
Did ONON Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if On Running is one of their latest high-conviction picks.
Latest ONON Stock Price Targets & Analyst Predictions
Based on our analysis of 35 Wall Street analysts, ONON has a bullish consensus with a median price target of $56.71 (ranging from $29.70 to $85.18). The overall analyst rating is Strong Buy (8.7/10). Currently trading at $37.99, the median forecast implies a 49.3% upside. This outlook is supported by 22 Buy, 4 Hold, and 1 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
ONON Analyst Ratings
22
Buy
4
Hold
1
Sell
ONON Price Target Range
Low
$29.70
Average
$56.71
High
$85.18
Current: $37.99
Latest ONON Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for ONON.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Mar 4, 2026 | Barclays | Adrienne Yih | Overweight | Maintains | $57.00 |
| Mar 4, 2026 | BTIG | Janine Stichter | Buy | Reiterates | $70.00 |
| Mar 4, 2026 | Truist Securities | Joseph Civello | Buy | Maintains | $55.00 |
| Mar 4, 2026 | Telsey Advisory Group | Cristina Fernandez | Outperform | Maintains | $65.00 |
| Mar 4, 2026 | Guggenheim | Simeon Siegel | Buy | Maintains | $51.00 |
| Mar 3, 2026 | Needham | Tom Nikic | Buy | Reiterates | $52.00 |
| Mar 3, 2026 | Telsey Advisory Group | Cristina Fernandez | Outperform | Maintains | $65.00 |
| Feb 24, 2026 | Telsey Advisory Group | Cristina Fernandez | Outperform | Maintains | $65.00 |
| Jan 29, 2026 | BTIG | Janine Stichter | Buy | Reiterates | $70.00 |
| Jan 28, 2026 | Needham | Tom Nikic | Buy | Reiterates | $52.00 |
| Jan 28, 2026 | Telsey Advisory Group | Cristina Fernandez | Outperform | Maintains | $65.00 |
| Jan 22, 2026 | Keybanc | Ashley Owens | Overweight | Maintains | $58.00 |
| Jan 14, 2026 | Telsey Advisory Group | Cristina Fernandez | Outperform | Maintains | $65.00 |
| Jan 9, 2026 | Williams Trading | Sam Poser | Hold | Downgrade | $47.00 |
| Dec 10, 2025 | Guggenheim | Simeon Siegel | Buy | Initiates | $59.00 |
| Nov 25, 2025 | Piper Sandler | Anna Andreeva | Overweight | Maintains | $60.00 |
| Nov 13, 2025 | Barclays | Adrienne Yih | Overweight | Maintains | $60.00 |
| Nov 13, 2025 | UBS | Jay Sole | Buy | Maintains | $85.00 |
| Nov 13, 2025 | Goldman Sachs | Richard Edwards | Neutral | Maintains | $52.00 |
| Nov 13, 2025 | Evercore ISI Group | Michael Binetti | Outperform | Maintains | $60.00 |
On Holding AG (ONON) Competitors
The following stocks are similar to On Running based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
ONON
On Running
mkt cap
12.57B
On Holding AG (ONON) Financial Data
On Holding AG has a market capitalization of $12.57B with a P/E ratio of 48.7x. The company generates $3.86B in trailing twelve-month revenue with a 6.8% profit margin.
Revenue growth is +22.6% quarter-over-quarter, while maintaining an operating margin of +11.0% and return on equity of +13.5%.
Valuation Metrics
Market Cap
$12.57B
Enterprise Value
$15.41B
P/E Ratio
48.7x
PEG Ratio
-1.9x
Price/Sales
4.2x
Growth & Margins
Revenue Growth (YoY)
+22.6%
Gross Margin
+63.9%
Operating Margin
+11.0%
Net Margin
+6.8%
EPS Growth
-22.9%
Financial Health
Cash/Price Ratio
+8.4%
Current Ratio
2.7x
Debt/Equity
31.9x
ROE
+13.5%
ROA
+9.0%
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On Holding AG (ONON) Business Model
About On Holding AG
What They Do
Premium performance sportswear brand specializing in footwear.
Business Model
The company generates revenue through a combination of direct-to-consumer sales and wholesale partnerships, focusing on premium positioning in the athletic market. By outsourcing manufacturing to third-party suppliers, On Holding AG maintains production flexibility while prioritizing innovation and sustainability in its product offerings.
Additional Information
Founded in 2010 and headquartered in Zurich, Switzerland, On Holding AG operates in over 80 countries, catering to athletes, fitness enthusiasts, and casual consumers. The brand is known for its CloudTec cushioning technology, which enhances performance and comfort.
Company Information
Sector
Consumer Cyclical
Industry
Footwear & Accessories
Employees
3,963
CEO
Mr. Martin Hoffmann
Country
Switzerland
IPO Year
2021
Website
www.on.comOn Holding AG (ONON) Latest News & Analysis
Featured Analysis
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Zacks Investment Research
Looking for a Growth Stock? 3 Reasons Why On Holding (ONON) is a Solid Choice
On Holding (ONON) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Mar 09, 2026
By Zacks Equity Research
Tale of the Tape
Latest News
Quick Summary
On Holding (ONON) shows strong financial growth and is expected to outperform the market.
Why It Matters
On Holding's strong financial growth suggests potential for higher returns, indicating a favorable investment opportunity compared to market averages.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
On Holding (ONON) is gaining attention from Zacks.com users, indicating potential factors that may influence its stock performance. Investors should stay informed.
Why It Matters
Increased attention from Zacks.com users may indicate growing interest or potential volatility in On Holding's stock, affecting its market performance and investor sentiment.
Source: Zacks Investment Research
Market Sentiment:
Positive
Is On Holding's Stock a Steal at These Prices?
10 days ago
Quick Summary
Record gross margins indicate strong brand equity and operational efficiency, while significant growth potential in Asia-Pacific balances stabilizing Western markets.
Why It Matters
Record gross margins indicate strong profitability and brand strength, while growth in Asia-Pacific suggests new revenue opportunities, balancing slower Western market performance.
Source: The Motley Fool
Market Sentiment:
Positive
Quick Summary
On Holding's shares (NYSE: ONON) faced selling pressure due to growth concerns and tariffs, but Q4 2025 results showed strong performance across channels and categories.
Why It Matters
ON Holding's strong Q4 2025 results indicate resilience amid growth concerns, potentially stabilizing share prices and attracting investor confidence despite previous volatility.
Source: MarketBeat
Market Sentiment:
Negative
Quick Summary
Swiss sneaker maker reported record sales exceeding 3 billion francs in 2025, alongside improved profitability for the full year.
Why It Matters
Record sales and improved profitability signal strong demand and effective management, potentially boosting stock value and attracting investor interest in the Swiss sneaker maker.
Source: CNBC
Market Sentiment:
Neutral
Quick Summary
On Holding (NYSE: ONON) shares declined after Q4 earnings report, with weak revenue guidance outweighing a headline beat, amid a broader market sell-off.
Why It Matters
On Holding's revenue guidance miss indicates potential future challenges, which may lead to decreased investor confidence and further stock price declines.
Source: Benzinga
Market Sentiment:
Negative
Frequently Asked Questions About ONON Stock
What is On Holding AG's (ONON) stock forecast for 2026?
Based on our analysis of 35 Wall Street analysts, On Holding AG (ONON) has a median price target of $56.71. The highest price target is $85.18 and the lowest is $29.70.
Is ONON stock a good investment in 2026?
According to current analyst ratings, ONON has 22 Buy ratings, 4 Hold ratings, and 1 Sell ratings. The stock is currently trading at $37.99. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for ONON stock?
Wall Street analysts predict ONON stock could reach $56.71 in the next 12 months. This represents a 49.3% increase from the current price of $37.99. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is On Holding AG's business model?
The company generates revenue through a combination of direct-to-consumer sales and wholesale partnerships, focusing on premium positioning in the athletic market. By outsourcing manufacturing to third-party suppliers, On Holding AG maintains production flexibility while prioritizing innovation and sustainability in its product offerings.
What is the highest forecasted price for ONON On Holding AG?
The highest price target for ONON is $85.18 from at , which represents a 124.2% increase from the current price of $37.99.
What is the lowest forecasted price for ONON On Holding AG?
The lowest price target for ONON is $29.70 from at , which represents a -21.8% decrease from the current price of $37.99.
What is the overall ONON consensus from analysts for On Holding AG?
The overall analyst consensus for ONON is bullish. Out of 35 Wall Street analysts, 22 rate it as Buy, 4 as Hold, and 1 as Sell, with a median price target of $56.71.
How accurate are ONON stock price projections?
Stock price projections, including those for On Holding AG, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: March 15, 2026 11:30 PM UTC