ON (ONON) Stock Forecast & Price Target

$45.79 +0.56 (+1.24%)

As of 01:13 PM Eastern

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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
40.21% 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 40.21% from the current price of $45.79.

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

Type	Current Forecast 9/22/24 to 9/22/25	1 Month Ago 8/23/24 to 8/23/25	3 Months Ago 6/24/24 to 6/24/25	1 Year Ago 9/23/23 to 9/22/24
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)	18 Buy rating(s)	18 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$64.20	$64.20	$63.85	$46.89
Forecasted Upside	40.21% Upside	38.13% Upside	21.51% Upside	-6.12% 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.

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.

ON Stock vs. The Competition

Type	ON	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.91	2.47	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	40.94% Upside	44.28% Upside	11.48% Upside
News Sentiment Rating	Positive News See Recent ONON News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/13/2025	Morgan Stanley 3 of 5 stars	Alex Straton Not Rated	Boost Target	Overweight	$62.00 ➝ $65.00	+35.69%
8/13/2025	Barclays 3 of 5 stars	Adrienne Yih Not Rated	Boost Target	Overweight	$68.00 ➝ $69.00	+38.64%
8/13/2025	Jefferies Financial Group 2 of 5 stars	Randal Konik 2 of 5 stars	Set Target	Hold ➝ Underperform	$50.00 ➝ $40.00	-19.63%
8/13/2025	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jay Sole Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$75.00 ➝ $79.00	+64.57%
8/12/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tom Nikic Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$62.00	+25.59%
8/7/2025	Telsey Advisory Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Cristina Fernandez Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$65.00	+38.86%
7/22/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rick Patel Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Strong-Buy ➝ Outperform	$66.00	+24.04%
5/14/2025	Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
5/14/2025	Evercore ISI Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Binetti Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$60.00 ➝ $70.00	+18.98%
5/14/2025	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Civello Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$61.00 ➝ $69.00	+17.29%
Get the Latest News and Ratings for ONON and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for ON and its competitors with MarketBeat's FREE daily newsletter.
5/14/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jim Duffy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$57.00 ➝ $66.00	+12.04%
5/14/2025	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ashley Owens Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$60.00 ➝ $68.00	+18.45%
5/14/2025	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jonathan Komp Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$63.00 ➝ $70.00	+21.93%
5/13/2025	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight
4/28/2025	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	P. Lejuez Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$65.00 ➝ $60.00	+33.30%
3/11/2025	Hsbc Global Res Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	A. Gupta Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
3/11/2025	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$58.00	+31.28%
3/4/2025	Williams Trading Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sam Poser Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$60.00 ➝ $62.00	+22.24%
2/12/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Richard Edwards Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$57.00 ➝ $57.00	+5.39%
1/8/2025	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$65.00 ➝ $66.00	+18.64%
1/7/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy	$73.00	+33.90%
11/13/2024	BTIG Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	J. Stichter Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$64.00	+21.60%
6/17/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Overweight	$40.00 ➝ $47.00	+14.49%
6/11/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	A. Sherman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Outperform	$50.00	+16.96%
4/16/2024	William Blair Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	D. Carden Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Outperform
3/7/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$34.00	+4.18%
11/13/2023	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$36.00	+36.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:14 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 Thursday, September 18, 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:

Barclays recently increased their price target for On Holding AG to $69.00, indicating strong confidence in the company's growth potential.
The stock has received an "overweight" rating from multiple analysts, suggesting that it is expected to outperform the market.
Currently, the stock price is around $64.20, which is considered a moderate buy based on consensus ratings from analysts.
On Holding AG has a diverse product range, including high-performance footwear and apparel, catering to various athletic activities, which can attract a broad customer base.
Recent research notes highlight a strong demand for their latest products, indicating positive market reception and potential for revenue growth.

ON
Bear Case

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

One analyst has issued a Sell rating, which may indicate concerns about the stock's future performance.
Raymond James Financial downgraded the stock from a "strong-buy" to an "outperform" rating, suggesting a more cautious outlook.
Despite positive ratings, the presence of a Hold rating from one analyst indicates some uncertainty in the stock's potential for growth.
Market volatility can impact the stock price, and recent fluctuations may lead to investor hesitation.
Increased competition in the sports product market could pose challenges for On Holding AG's market share 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 twelve months. 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 40.21% 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 9/22/2025 by MarketBeat.com Staff

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ON (ONON) Stock Forecast & Price Target

ON - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Consensus Price Target

ONON Analyst Ratings Over Time

ONON Analyst Recommendations By Month

ONON Price Targets by Month

ON Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy ON Stock? ONON Pros and Cons Explained

ON
Bull Case

ON
Bear Case

ONON Forecast - Frequently Asked Questions

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ON (ONON) Stock Forecast & Price Target

ON - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Consensus Price Target

ONON Analyst Ratings Over Time

ONON Analyst Recommendations By Month

ONON Price Targets by Month

ON Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy ON Stock? ONON Pros and Cons Explained

ON Bull Case

ON Bear Case

ONON Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

ON
Bull Case

ON
Bear Case