ON (ONON) Stock Forecast & Price Target $41.91 -0.07 (-0.17%) Closing price 10/17/2025 03:59 PM EasternExtended Trading$41.75 -0.16 (-0.37%) As of 10/17/2025 07:44 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more. Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsBuy This Stock ON - Analysts' Recommendations and Stock Price Forecast (2025) How MarketBeat Calculates Price Target and Consensus Rating Consensus Rating Moderate BuyBased on 24 Analyst RatingsSell3Hold1Buy20 Based on 24 Wall Street analysts who have issued ratings for ON in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 24 analysts, 3 have given a sell rating, 1 has given a hold rating, 19 have given a buy rating, and 1 has given a strong buy rating for ONON. Consensus Price Target $63.6551.87% Upside According to the 24 analysts' twelve-month price targets for ON, the average price target is $63.65. The highest price target for ONON is $79.00, while the lowest price target for ONON is $40.00. The average price target represents a forecasted upside of 51.87% from the current price of $41.91. MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data. Get the Latest News and Ratings for ONON and Related Stocks Enter your email address to receive the latest news and analysts' ratings for ON and its competitors. 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ONON Analyst Ratings Over TimeTypeCurrent Forecast10/19/24 to 10/19/251 Month Ago9/19/24 to 9/19/253 Months Ago7/21/24 to 7/21/251 Year Ago10/20/23 to 10/19/24Strong Buy1 Strong Buy rating(s)1 Strong Buy rating(s)2 Strong Buy rating(s)0 Strong Buy rating(s)Buy19 Buy rating(s)19 Buy rating(s)18 Buy rating(s)17 Buy rating(s)Hold1 Hold rating(s)1 Hold rating(s)2 Hold rating(s)4 Hold rating(s)Sell3 Sell rating(s)1 Sell rating(s)0 Sell rating(s)0 Sell rating(s)Consensus Price Target$63.65$64.20$63.85$49.74Forecasted Upside51.87% Upside41.97% Upside20.00% Upside2.91% UpsideConsensus RatingModerate BuyModerate BuyBuyModerate Buy ONON Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.Skip Chart & View Analyst Rating History ONON Price Targets by MonthAverage Share Price and Price Target by Month Chart DescriptionThe chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table ON Stock vs. The CompetitionTypeONRetail/Wholesale CompaniesS&P 500Consensus Rating Score 2.75 2.17 2.52Consensus RatingModerate BuyHoldModerate BuyPredicted Upside51.87% Upside52.44% Upside13.61% UpsideNews Sentiment RatingPositive NewsSee Recent ONON NewsPositive NewsPositive News Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export to Excel DateBrokerageAnalystActionRatingPrice TargetReport Date Upside/DownsideDetails10/14/2025TD Cowen4 of 5 starsJohn Kernan Not RatedLower TargetBuy$63.00 ➝ $55.00+28.00%10/13/2025Zacks Research0 of 5 stars DowngradeHold ➝ Strong Sell10/8/2025Weiss Ratings0 of 5 stars Reiterated RatingSell (D+)8/13/2025Morgan StanleySubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingAlex StratonSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetOverweight$62.00 ➝ $65.00+35.69%8/13/2025BarclaysSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingAdrienne YihSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetOverweight$68.00 ➝ $69.00+38.64%8/13/2025Jefferies Financial GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingRandal KonikSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingSet TargetHold ➝ Underperform$50.00 ➝ $40.00-19.63%8/13/2025UBS GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingJay SoleSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetBuy$75.00 ➝ $79.00+64.57%8/12/2025Needham & Company LLCSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingTom NikicSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingReiterated RatingBuy$62.00+25.59%8/7/2025Telsey Advisory GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingCristina FernandezSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingReiterated RatingOutperform$65.00+38.86%7/22/2025Raymond James FinancialSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingRick PatelSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingDowngradeStrong-Buy ➝ Outperform$66.00+24.04%5/14/2025CowenSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Reiterated RatingBuy5/14/2025Evercore ISISubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingMichael BinettiSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetOutperform$60.00 ➝ $70.00+18.98%5/14/2025Truist FinancialSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingJoseph CivelloSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetBuy$61.00 ➝ $69.00+17.29%5/14/2025Stifel NicolausSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingJim DuffySubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetBuy$57.00 ➝ $66.00+12.04%5/14/2025KeyCorpSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingAshley OwensSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetOverweight$60.00 ➝ $68.00+18.45%5/14/2025Robert W. BairdSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingJonathan KompSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetOutperform$63.00 ➝ $70.00+21.93%5/13/2025Piper SandlerSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Reiterated RatingOverweight4/28/2025CitigroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingP. LejuezSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingUpgradeNeutral ➝ Buy$65.00 ➝ $60.00+33.30%3/11/2025Hsbc Global ResSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingA. GuptaSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingUpgradeHold ➝ Strong-Buy3/11/2025HSBCSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating UpgradeHold ➝ Buy$58.00+31.28%3/4/2025Williams TradingSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingSam PoserSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetBuy$60.00 ➝ $62.00+22.24%2/12/2025The Goldman Sachs GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingRichard EdwardsSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingDowngradeBuy ➝ Neutral$57.00 ➝ $57.00+5.39%1/7/2025Bank of AmericaSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Initiated CoverageBuy$73.00+33.90%11/13/2024BTIG ResearchSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingJ. StichterSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingUpgradeNeutral ➝ Buy$64.00+21.60%6/17/2024JPMorgan Chase & Co.Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating Boost TargetOverweight$40.00 ➝ $47.00+14.49%6/11/2024Sanford C. BernsteinSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingA. ShermanSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingInitiated CoverageOutperform$50.00+16.96%4/16/2024William BlairSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingD. CardenSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingInitiated CoverageOutperform3/7/2024Redburn AtlanticSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Reiterated RatingBuy ➝ Neutral$34.00+4.18%11/13/2023WedbushSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Reiterated RatingOutperform$36.00+36.26%Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:02 PM ET. Should I Buy ON Stock? ONON Pros and Cons Explained These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 13, 2025. Please send any questions or comments about these ON pros and cons to contact@marketbeat.com. ON Bull Case Here are some ways that investors could benefit from investing in On Holding AG: The stock has shown strong institutional interest, with 36.39% of shares owned by institutional investors, indicating confidence in the company's future performance. Recent analyst ratings are largely positive, with a consensus average rating of "Moderate Buy" and a target price of around $64.20, suggesting potential for price appreciation. The current stock price is approximately $45.22, which is significantly lower than its 12-month high of $64.05, presenting a potential buying opportunity for investors looking for value. On Holding AG has experienced a notable increase in share purchases by institutional investors, such as Chickasaw Capital Management LLC, which bought 15,360 shares valued at about $799,000, reflecting growing confidence in the company. Analysts have issued several "buy" ratings, with some firms increasing their target prices, indicating a positive outlook for the company's growth and profitability. ON Bear Case Investors should be bearish about investing in On Holding AG for these reasons: The stock has a high price-to-earnings (P/E) ratio of 100.49, which may suggest that it is overvalued compared to its earnings, potentially leading to a price correction. There is a significant volatility in the stock, as indicated by a beta of 2.23, meaning it is more volatile than the market, which could pose risks for conservative investors. Despite positive ratings, one analyst has issued a "Sell" rating, indicating that not all market participants are confident in the stock's future performance. The stock's 50-day and 200-day simple moving averages are both below the current price, which could indicate a potential downward trend if the stock fails to maintain its value. Recent trading volumes have fluctuated, with 6,126,229 shares traded compared to an average of 4,729,396, which may suggest uncertainty among investors about the stock's direction. ONON Forecast - Frequently Asked Questions What is ON's forecast for 2025? According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for ON is $63.65, with a high forecast of $79.00 and a low forecast of $40.00. Should I buy or sell ON stock right now? 24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ON in the last year. There are currently 3 sell ratings, 1 hold rating, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ONON shares. Does ON's stock price have much upside? According to analysts, ON's stock has a predicted upside of 51.87% based on their 12-month stock forecasts. Has ON been downgraded by Wall Street analysts recently? Over the previous 90 days, ON's stock had 2 downgrades by analysts. What analysts cover ON? ON has been rated by research analysts at Barclays, Jefferies Financial Group, Morgan Stanley, Needham & Company LLC, Raymond James Financial, TD Cowen, Telsey Advisory Group, UBS Group, Weiss Ratings, and Zacks Research in the past 90 days. Do Wall Street analysts like ON more than its competitors? Analysts like ON more than other "retail/wholesale" companies. The consensus rating for ON is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how ONON compares to other companies. Stock Forecasts and Research Tools Related Companies NIKE Stock Forecast lululemon athletica Stock Forecast Amer Sports Stock Forecast Gildan Activewear Stock Forecast Levi Strauss & Co. Stock Forecast Birkenstock Stock Forecast Kontoor Brands Stock Forecast Ermenegildo Zegna Stock Forecast Capri Stock Forecast Under Armour Stock Forecast Today's Ratings U.S. Ratings U.K. Ratings Canadian Ratings All Upgrades All Downgrades All Initiations All Price Target Changes Top-Rated Stocks Top Rated Stocks Top-Rated Dividend Stocks Top-Rated Small-Cap Stocks Top-Rated Tech Stocks Most-Upgraded Stocks Most-Downgraded Stocks Lowest-Rated Stocks More Ratings Tools Stock Ratings by Issuer Top-Rated Analysts Top-Rated Brokerages Stock Ratings Screener Free Ratings Newsletter This page (NYSE:ONON) was last updated on 10/19/2025 by MarketBeat.com Staff From Our PartnersINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffRight now, we’re witnessing a monumental shift in the world.Traders Agency | SponsoredCapital Gains Tax Strategies for SeniorsCapital gains taxes can take a bite out of your retirement income—unless you have a smart strategy. 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