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On Holding AG

ONONNYSEConsumer DiscretionaryFootwear & Accessories

$33.17Today:- (-)1Y −21.35%

As of Oct 26, 2026 close

Market cap
$11.14B
P/E (TTM)
23.14
Forward P/E
11.74
Dividend yield
-
52-week range
$26.37$51.08
Volume (live)
-
Avg. volume (3M)
11.31M

On Holding AG (ONON) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for On Holding AG stock.

Analyst Consensus Rating

Investment consensus from 27 professional research analysts

Consensus Rating

Buy
Based on 27 unique analysts
(46 total ratings in last 90 days)
Very High Confidence6.7:1 Buy/Sell

Average Price Target

$43.33
+30.63% upside

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Strong Sell
Sell
Hold
Buy
Strong Buy

Latest ONON Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Alexandra Straton
Morgan Stanley
BuyReiterates
$39.00
Spencer Hanus
Wolfe Research
BuyInitiates
$47.00
Zacks Equity Research
Zacks Equity Research
BuyInitiates Coverage
-
Rick Patel
Raymond James
BuyMaintains
$38.00 → $42.00
Alexandra Straton
Morgan Stanley
BuyReiterates
$39.00
Zacks Equity Research
Zacks Equity Research
SellInitiates Coverage
-
Alexandra Straton
Morgan Stanley
BuyReiterates
$39.00
Shaun Pruitt
Zacks Equity Research
SellInitiates Coverage
-
Licong Wendy Liu
JP Morgan
BuyMaintains
$41.00 → $44.00
Thierry Cota CFA
BofA Securities
BuyReiterates
$43.00
Swagata Bhattacharya
Zacks Equity Research
SellInitiates Coverage
-
Alexandra Straton
Morgan Stanley
BuyReiterates
$39.00
Dylan Carden
William Blair
HoldMaintains
-
Ashley Owens
KeyBanc
BuyReiterates
$37.00
Thierry Cota CFA
BofA Securities
BuyReiterates
$43.00
Paul Lejuez
Citi
BuyReiterates
-
Joe Feldman
Telsey Advisory
BuyMaintains
$43.00
Zacks Equity Research
Zacks Equity Research
SellInitiates Coverage
-
Sam Poser
Williams Trading
HoldReiterates
$27.00 → $31.00
Joe Feldman
Telsey Advisory
BuyMaintains
$43.00
Anna Andreeva
Piper Sandler
BuyReiterates
$45.00
Richard Edwards
Goldman Sachs
BuyMaintains
$44.00
Kelly Crago
BMO Capital
HoldMaintains
$28.00 → $33.00
Michael Binetti
Evercore ISI Group
BuyReiterates
$40.00
Peter McGoldrick
Stifel Nicolaus
BuyMaintains
$41.00
Janine Stichter
BTIG
BuyReiterates
$60.00
Joseph Civello
Truist
BuyReiterates
$40.00
Adrienne Yih
Barclays
BuyMaintains
$42.00 → $44.00
Jay Sole
UBS
BuyReiterates
$73.00
Tom Nikic
Needham
BuyReiterates
$37.00 → $40.00
Randal Konik
Jefferies
SellMaintains
$20.00
Simeon Siegel
Guggenheim
BuyInitiates Coverage
$51.00 → $42.00
Aneesha Sherman
Bernstein
BuyMaintains
$62.00
Zacks Equity Research
Zacks Equity Research
SellInitiates Coverage
-
Swagata Bhattacharya
Zacks Equity Research
SellInitiates Coverage
-
Paul Lejuez
Citi
BuyMaintains
$60.00 → $55.00
Joseph Civello
Truist
BuyInitiates Coverage
$48.00 → $40.00
Thierry Cota CFA
BofA Securities
BuyReiterates
$52.00 → $46.00
Rick Patel
Raymond James
BuyMaintains
$52.00 → $38.00
Sam Poser
Williams Trading
HoldInitiates Coverage
$38.00 → $32.00
Dylan Carden
William Blair
HoldUpgrades
-
Randal Konik
Jefferies
SellReiterates
$24.00 → $20.00
Richard Edwards
Goldman Sachs
BuyMaintains
$42.00
Adrienne Yih
Barclays
BuyMaintains
$46.00 → $42.00
Tom Nikic
Needham
BuyMaintains
$45.00 → $37.00
Sumit Singh
Zacks Equity Research
HoldInitiates Coverage
-

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 23, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for ONON?

The analyst consensus rating for ONON is Buy, based on the latest ratings from 27 analysts over the last 90 days.

What is the average price target for ONON?

The average 12-month price target for ONON is $43.33, representing an upside of 30.6% from the Oct 26, 2026 close of $33.17.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.