ON (ONON) Stock Forecast & Price Target

$51.71

+2.04 (+4.11%)

(As of 10/4/2024 ET)

ON - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Moderate Buy

Based on 23 Analyst Ratings

Sell
0

Hold
5

Buy
18

Based on 23 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 23 analysts, 5 have given a hold rating, and 18 have given a buy rating for ONON.

Consensus Price Target

$48.90
-5.43% Downside

According to the 23 analysts' twelve-month price targets for ON, the average price target is $48.90. The highest price target for ONON is $60.00, while the lowest price target for ONON is $33.00. The average price target represents a forecasted downside of -5.43% from the current price of $51.71.

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ONON Analyst Ratings Over Time

Type	Current Forecast 10/6/23 to 10/5/24	1 Month Ago 9/6/23 to 9/5/24	3 Months Ago 7/8/23 to 7/7/24	1 Year Ago 10/6/22 to 10/6/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	18 Buy rating(s)	18 Buy rating(s)	17 Buy rating(s)	10 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$48.90	$46.16	$42.53	$34.15
Forecasted Upside	-5.43% Downside	3.10% Upside	14.36% Upside	35.96% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.78	2.55	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-5.43% Downside	1,154.35% Upside	7.02% 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 Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/3/2024	Truist Financial 2 of 5 stars	J. Civello Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$51.00 ➝ $58.00	+18.37%
10/3/2024	Piper Sandler 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$52.00 ➝ $56.00	+13.82%
9/30/2024	TD Cowen 4 of 5 stars		Boost Target	Buy ➝ Buy	$50.00 ➝ $58.00	+15.93%
9/26/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$47.00 ➝ $60.00	+19.50%
9/23/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$21.00 ➝ $55.00	+10.11%
9/18/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$45.00 ➝ $59.00	+19.77%
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.
9/5/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Gupta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
9/5/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$52.00	+13.79%
8/14/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$44.00 ➝ $46.00	+10.92%
8/14/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$40.00 ➝ $47.00	+13.28%
8/13/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$47.00 ➝ $47.00	+18.84%
8/12/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Overweight	$43.00 ➝ $47.00	+17.47%
7/31/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Patel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$46.00	+18.53%
7/3/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$41.00 ➝ $47.00	+26.21%
6/17/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$40.00 ➝ $47.00	+14.49%
6/11/2024	Sanford 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 Coverage	Outperform	$50.00	+16.96%
5/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$53.00 ➝ $55.00	+50.68%
5/15/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$40.00 ➝ $45.00	+24.24%
4/16/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Carden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
3/7/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$34.00	+4.18%
11/13/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$36.00	+36.26%
10/9/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$33.00	+31.42%
10/6/2023	Williams Trading Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold
7/31/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell ➝ Neutral
5/17/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$28.00 ➝ $33.00	+21.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:42 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, September 30, 2024. 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:

On Holding AG's stock price has been steadily increasing, reaching $50.96 on the latest trading day, showing positive momentum.
Analysts have given On Holding AG a consensus rating of "Moderate Buy" with an average price target of $46.89, indicating strong potential for growth.
Recent institutional investments by notable firms like Renaissance Technologies LLC and Ameritas Advisory Services LLC demonstrate confidence in the company's future performance.
Positive analyst ratings and upgrades from firms like Telsey Advisory Group, Evercore ISI, and Stifel Nicolaus suggest a favorable outlook for On Holding AG.
On Holding AG has shown consistent revenue generation, with sell-side analysts expecting earnings per share of 0.82 for the current year, indicating financial stability.

ON
Bear Case

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

On Holding AG's price-to-earnings ratio of 115.82 is relatively high, indicating the stock may be overvalued compared to industry peers.
The company's beta of 2.24 suggests higher volatility compared to the market average, which may pose risks for investors seeking stability.
While there have been positive analyst ratings, there is always a degree of uncertainty in stock performance, and market conditions can change rapidly.
The company's price-to-earnings-growth ratio of 1.37 may indicate that the stock is not undervalued, potentially limiting short-term gains for investors.
Investing in individual stocks like On Holding AG carries inherent risks, including market fluctuations and company-specific challenges that could impact returns.

ONON Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for ON is $48.90, with a high forecast of $60.00 and a low forecast of $33.00.
: 23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ON in the last twelve months. There are currently 5 hold ratings and 18 buy ratings 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 downside of -5.43% based on their 12-month stock forecasts.
: Over the previous 90 days, ON's stock had 3 upgrades by analysts.
: ON has been rated by research analysts at Bank of America, Barclays, Evercore ISI, Hsbc Global Res, HSBC, KeyCorp, Morgan Stanley, Piper Sandler, Raymond James, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, and Truist Financial in the past 90 days.
: Analysts like ON more than other "consumer discretionary" companies. The consensus rating score for ON is 2.78 while the average consensus rating score for "consumer discretionary" companies is 2.55. Learn more on how ONON compares to other companies.

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This page (NYSE:ONON) was last updated on 10/5/2024 by MarketBeat.com Staff

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