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ON (ONON) Stock Forecast & Price Target

ON logo
$45.05 +0.46 (+1.04%)
Closing price 08/29/2025 03:59 PM Eastern
Extended Trading
$45.22 +0.16 (+0.36%)
As of 08/29/2025 07:58 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.
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ON - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Moderate Buy
Based on 22 Analyst Ratings
Sell
1
Hold
1
Buy
20

Based on 22 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 22 analysts, 1 has 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

$64.20
42.50% Upside
According to the 22 analysts' twelve-month price targets for ON, the average price target is $64.20. 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 42.50% from the current price of $45.05.
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.
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ONON Analyst Ratings Over Time

TypeCurrent Forecast
9/2/24 to 9/2/25		1 Month Ago
8/3/24 to 8/3/25		3 Months Ago
6/4/24 to 6/4/25		1 Year Ago
9/3/23 to 9/2/24
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
2 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
19 Buy rating(s)
19 Buy rating(s)
20 Buy rating(s)
18 Buy rating(s)
Hold
1 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$64.20$64.00$62.45$45.83
Forecasted Upside42.50% Upside35.94% Upside7.51% Upside-2.44% Downside
Consensus Rating
Moderate Buy
Moderate Buy
Buy
Moderate Buy

ONON Analyst Recommendations By Month

The 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 Month

The 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 Competition

TypeONRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.91
2.49
2.53
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside42.50% Upside54.79% Upside10.22% Upside
News Sentiment Rating
Positive News

See Recent ONON News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/13/2025Morgan Stanley
3 of 5 stars		Alex Straton
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetOverweight ➝ Overweight$62.00 ➝ $65.00+35.69%
8/13/2025Barclays
3 of 5 stars		Adrienne Yih
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetOverweight ➝ Overweight$68.00 ➝ $69.00+38.64%
8/13/2025Jefferies Financial Group
2 of 5 stars		Randal Konik
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set TargetHold ➝ Underperform$50.00 ➝ $40.00-19.63%
8/13/2025UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Jay Sole
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetBuy ➝ Buy$75.00 ➝ $79.00+64.57%
8/12/2025Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Tom Nikic
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy ➝ Buy$62.00+25.59%
8/7/2025Telsey Advisory Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Cristina Fernandez
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingOutperform ➝ Outperform$65.00+38.86%
7/22/2025Raymond James Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Rick Patel
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeStrong-Buy ➝ Outperform$66.00+24.04%
5/14/2025Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy
5/14/2025Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Michael Binetti
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetOutperform ➝ Outperform$60.00 ➝ $70.00+18.98%
5/14/2025Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Joseph Civello
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetBuy ➝ Buy$61.00 ➝ $69.00+17.29%
5/14/2025Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Jim Duffy
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetBuy ➝ Buy$57.00 ➝ $66.00+12.04%
5/14/2025KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Ashley Owens
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetOverweight ➝ Overweight$60.00 ➝ $68.00+18.45%
5/14/2025Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Jonathan Komp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetOutperform ➝ Outperform$63.00 ➝ $70.00+21.93%
5/13/2025Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Overweight
4/28/2025Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		P. Lejuez
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeNeutral ➝ Buy$65.00 ➝ $60.00+33.30%
3/11/2025Hsbc Global Res
Subscribe to MarketBeat All Access for the recommendation accuracy rating		A. Gupta
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeHold ➝ Strong-Buy
3/11/2025HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy$58.00+31.28%
3/4/2025Williams Trading
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Sam Poser
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetBuy ➝ Buy$60.00 ➝ $62.00+22.24%
2/12/2025The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Richard Edwards
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeBuy ➝ Neutral$57.00 ➝ $57.00+5.39%
1/8/2025TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$65.00 ➝ $66.00+18.64%
1/7/2025Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$73.00+33.90%
11/13/2024BTIG Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Stichter
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeNeutral ➝ Buy$64.00+21.60%
6/17/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$40.00 ➝ $47.00+14.49%
6/11/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		A. Sherman
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageOutperform$50.00+16.96%
4/16/2024William Blair
Subscribe to MarketBeat All Access for the recommendation accuracy rating		D. Carden
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageOutperform
3/7/2024Redburn Atlantic
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Neutral$34.00+4.18%
11/13/2023Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$36.00+36.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:17 AM 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, September 1, 2025. Please send any questions or comments about these ON pros and cons to contact@marketbeat.com.

ON
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in On Holding AG:

  • The current stock price is around $45, which may present a buying opportunity for investors looking for growth in the athleisure market.
  • Recent institutional investments, including a significant increase in holdings by Trexquant Investment LP, indicate strong confidence in the company's future performance.
  • Analysts have a consensus rating of "Moderate Buy" with a target price of approximately $64.20, suggesting potential upside for investors.
  • On Holding AG has received multiple "buy" ratings from analysts, reflecting positive sentiment and expectations for continued growth in the sports product sector.
  • The company is actively engaged in the development of innovative sports products, which positions it well in the competitive athleisure market.

ON
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in On Holding AG for these reasons:

  • Despite positive analyst ratings, one analyst has issued a "Sell" rating, indicating some skepticism about the stock's future performance.
  • The stock has experienced volatility, with a 1-year high of $64.05 and a low of $34.59, which may concern risk-averse investors.
  • Institutional ownership is at 36.39%, which, while significant, may suggest limited room for further institutional investment compared to other companies.
  • Some analysts have downgraded their ratings, reflecting a cautious outlook on the company's growth potential in a competitive market.
  • Market conditions can impact consumer spending on discretionary items like athleisure wear, which could affect On Holding AG's sales and profitability.

ONON Forecast - Frequently Asked Questions

According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for ON is $64.20, with a high forecast of $79.00 and a low forecast of $40.00.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ON in the last year. There is currently 1 sell rating, 1 hold rating, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ONON shares.

According to analysts, ON's stock has a predicted upside of 42.50% based on their 12-month stock forecasts.

Over the previous 90 days, ON's stock had 1 downgrade by analysts.

ON has been rated by research analysts at Barclays, Jefferies Financial Group, Morgan Stanley, Needham & Company LLC, Raymond James Financial, Telsey Advisory Group, and UBS Group in the past 90 days.

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.

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This page (NYSE:ONON) was last updated on 9/2/2025 by MarketBeat.com Staff
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