ON (ONON) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ON in the last year. There are currently 2 sell ratings, 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ONON shares.
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15 brokerages have issued 1-year price targets for ON's stock. Their ONON share price forecasts range from $19.30 to $46.00. On average, they anticipate the company's share price to reach $33.42 in the next year. This suggests a possible upside of 27.9% from the stock's current price.
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ON's stock was trading at $17.16 at the start of the year. Since then, ONON shares have increased by 52.2% and is now trading at $26.12.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
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On Holding AG (NYSE:ONON) issued its quarterly earnings results on Tuesday, August, 15th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.11 by $0.07. The company earned $444.30 million during the quarter, compared to analysts' expectations of $418.09 million. ON had a net margin of 2.59% and a trailing twelve-month return on equity of 3.98%. The company's quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share.

ETFs with the largest weight of ON (NYSE:ONON) stock in their portfolio include Long Cramer ETF (LJIM), Global X Health & Wellness ETF (BFIT), American Century Mid Cap Growth Impact (MID), Innovator IBD 50 ETF (FFTY), Alger 35 ETF (ATFV), Touchstone Climate Transition ETF (HEAT), Renaissance IPO ETF (IPO) and First Trust IPOX Europe Equity Opportunities ETF (FPXE).

ON updated its FY 2023 earnings guidance on Tuesday, August, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.96 billion-$1.96 billion, compared to the consensus revenue estimate of $2.02 billion.

(ONON) raised $591 million in an initial public offering (IPO) on Wednesday, September 15th 2021. The company issued 31,100,000 shares at $18.00-$20.00 per share.

ON trades on the New York Stock Exchange (NYSE) under the ticker symbol "ONON."

Shares of ONON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ONON stock can currently be purchased for approximately $26.12.

ON (NYSE:ONON) has a market capitalization of $16.39 billion and generates $1.28 billion in revenue each year. The company earns $60.46 million in net income (profit) each year or $0.14 on an earnings per share basis.

The company employs 1,701 workers across the globe.

ON's mailing address is PFINGSTWEIDSTRASSE 106, ZURICH V8, 8005. The official website for the company is www.on-running.com. The company can be reached via phone at 41-44-225-1555.