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ONON Stock Forecast 2026-2027
$37.20
Current Price
$12.73B
Market Cap
Buy 23
Hold 3
Sell 1
Wall St Analyst Ratings
Distance to ONON Price Targets
+124.3%
To High Target of $83.43
+34.2%
To Median Target of $49.94
-35.1%
To Low Target of $24.14
ONON Price Momentum
-3.5%
1 Week Change
-4.3%
1 Month Change
-30.0%
1 Year Change
-20.0%
Year-to-Date Change
-31.6%
From 52W High of $54.41
+18.4%
From 52W Low of $31.41
📊 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 22 Wall Street analysts, ONON has a bullish consensus with a median price target of $49.94 (ranging from $24.14 to $83.43). The overall analyst rating is Strong Buy (8.8/10). Currently trading at $37.20, the median forecast implies a 34.2% upside. This outlook is supported by 23 Buy, 3 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
23
Buy
3
Hold
1
Sell
ONON Price Target Range
Low
$24.14
Average
$49.94
High
$83.43
Current: $37.20
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 |
|---|---|---|---|---|---|
| Jul 2, 2026 | JP Morgan | Wendy Liu | Overweight | Reinstates | $51.00 |
| May 13, 2026 | Truist Securities | Buy | Maintains | $N/A | |
| May 13, 2026 | Barclays | Overweight | Maintains | $N/A | |
| May 13, 2026 | Guggenheim | Buy | Reiterates | $N/A | |
| May 13, 2026 | Keybanc | Overweight | Maintains | $N/A | |
| May 12, 2026 | Needham | Buy | Maintains | $N/A | |
| Mar 25, 2026 | Telsey Advisory Group | Outperform | Maintains | $N/A | |
| Mar 4, 2026 | Truist Securities | Buy | Maintains | $N/A | |
| Mar 4, 2026 | Barclays | Overweight | Maintains | $N/A | |
| Mar 4, 2026 | Guggenheim | Buy | Maintains | $N/A | |
| Mar 4, 2026 | Telsey Advisory Group | Outperform | Maintains | $N/A | |
| Mar 4, 2026 | BTIG | Buy | Reiterates | $N/A | |
| Mar 3, 2026 | Needham | Buy | Reiterates | $N/A | |
| Mar 3, 2026 | Telsey Advisory Group | Outperform | Maintains | $N/A | |
| Feb 24, 2026 | Telsey Advisory Group | Outperform | Maintains | $N/A | |
| Jan 29, 2026 | BTIG | Buy | Reiterates | $N/A | |
| Jan 28, 2026 | Needham | Buy | Reiterates | $N/A | |
| Jan 28, 2026 | Telsey Advisory Group | Outperform | Maintains | $N/A | |
| Jan 22, 2026 | Keybanc | Overweight | Maintains | $N/A | |
| Jan 14, 2026 | Telsey Advisory Group | Outperform | Maintains | $N/A |
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
12.85B
On Holding AG (ONON) Financial Data
On Holding AG has a market capitalization of $12.73B with a P/E ratio of 41.1x. The company generates $3.86B in trailing twelve-month revenue with a 8.0% profit margin.
Revenue growth is +14.5% quarter-over-quarter, while maintaining an operating margin of +14.1% and return on equity of +15.5%.
Valuation Metrics
Market Cap
$12.73B
Enterprise Value
$15.08B
P/E Ratio
41.1x
PEG Ratio
0.5x
Price/Sales
4.1x
Growth & Margins
Revenue Growth (YoY)
+14.5%
Gross Margin
+64.2%
Operating Margin
+14.1%
Net Margin
+8.0%
EPS Growth
+82.2%
Financial Health
Cash/Price Ratio
+8.3%
Current Ratio
3.0x
Debt/Equity
30.6x
ROE
+15.5%
ROA
+9.7%
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On Holding AG (ONON) Business Model
About On Holding AG
What They Do
Sportswear company specializing in performance footwear.
Business Model
The company operates a multi-channel distribution model, combining direct-to-consumer e-commerce and owned retail stores with wholesale partnerships. This approach allows it to cater to various customer segments, including runners and outdoor enthusiasts, while generating revenue through both direct sales and wholesale agreements.
Additional Information
Founded in 2010 and headquartered in Zurich, Switzerland, the company has established a strong presence in the premium performance and lifestyle footwear market globally. Its diverse product portfolio includes categories such as performance running, outdoor, training, and youth products, appealing to a wide range of consumers across multiple regions.
Company Information
Sector
Consumer Cyclical
Industry
Footwear & Accessories
Employees
3,963
CEO
Mr. David Allemann
Country
Switzerland
IPO Year
2021
Website
www.on.comOn Holding AG (ONON) Latest News & Analysis
Featured Analysis
Powered by
Zacks Investment Research
On Holding (ONON) Rises As Market Takes a Dip: Key Facts
On Holding (ONON) reached $38.2 at the closing of the latest trading day, reflecting a +1.98% change compared to its last close.
Jul 16, 2026
By Zacks Equity Research
Tale of the Tape
On Holding (ONON) Exceeds Market Returns: Some Facts to Consider
In the closing of the recent trading day, On Holding (ONON) stood at $36.77, denoting a +1.07% move from the preceding trading day.
Jul 09, 2026
By Zacks Equity Research
Tale of the Tape
Here is Why Growth Investors Should Buy On Holding (ONON) Now
On Holding (ONON) could produce exceptional returns because of its solid growth attributes.
Jul 08, 2026
By Zacks Equity Research
Tale of the Tape
Latest News
Quick Summary
On Holding (ONON) is expected to generate strong returns due to its robust growth characteristics.
Why It Matters
On Holding's strong growth potential suggests it may outperform competitors, attracting investor interest and potentially driving up stock prices.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
Wall Street analysts' recommendations influence investor decisions on buying, selling, or holding stocks, with rating changes impacting stock prices significantly.
Why It Matters
Analyst rating changes can lead to significant price movements in stocks, influencing investment decisions and market sentiment.
Source: Zacks Investment Research
Market Sentiment:
Negative
Quick Summary
On Holding (ONON) closed at $36.77, reflecting a 1.07% increase from the previous trading day.
Why It Matters
On Holding's price increase indicates positive market sentiment, which may attract more investors and signal potential growth or stability in the company's performance.
Source: Zacks Investment Research
Market Sentiment:
Neutral
Quick Summary
On Holding (ONON) is currently attracting significant attention from Zacks.com users, indicating potential investor interest and warranting further exploration of its future prospects.
Why It Matters
Increased attention from Zacks.com users may signal growing investor interest and potential volatility for On Holding (ONON), impacting its stock performance and trading strategies.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
On Holding (ONON) closed at $37.07, marking a 1.34% increase from the previous day's closing price.
Why It Matters
On Holding's stock increase indicates positive market sentiment, which may signal investor confidence and potential growth, affecting future investment decisions.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
On Holding (ONON) has been upgraded to a Zacks Rank #2 (Buy), indicating increasing optimism about its earnings prospects.
Why It Matters
An upgrade to Zacks Rank #2 indicates increasing investor confidence in On Holding's earnings potential, likely boosting demand for its shares and driving stock price appreciation.
Source: Zacks Investment Research
Market Sentiment:
Positive
Frequently Asked Questions About ONON Stock
What is On Holding AG's (ONON) stock forecast for 2027?
Based on our analysis of 22 Wall Street analysts, On Holding AG (ONON) has a median price target of $49.94. The highest price target is $83.43 and the lowest is $24.14.
Is ONON stock a good investment in 2027?
According to current analyst ratings, ONON has 23 Buy ratings, 3 Hold ratings, and 1 Sell ratings. The stock is currently trading at $37.20. 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 $49.94 in the next 12 months. This represents a 34.2% increase from the current price of $37.20. 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 operates a multi-channel distribution model, combining direct-to-consumer e-commerce and owned retail stores with wholesale partnerships. This approach allows it to cater to various customer segments, including runners and outdoor enthusiasts, while generating revenue through both direct sales and wholesale agreements.
What is the highest forecasted price for ONON On Holding AG?
The highest price target for ONON is $83.43 from at , which represents a 124.3% increase from the current price of $37.20.
What is the lowest forecasted price for ONON On Holding AG?
The lowest price target for ONON is $24.14 from at , which represents a -35.1% decrease from the current price of $37.20.
What is the overall ONON consensus from analysts for On Holding AG?
The overall analyst consensus for ONON is bullish. Out of 22 Wall Street analysts, 23 rate it as Buy, 3 as Hold, and 1 as Sell, with a median price target of $49.94.
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: July 18, 2026 2:46 AM UTC