ON (ONON) Stock Forecast & Price Target

$42.99 -0.52 (-1.20%)

As of 03:58 PM Eastern

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

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 24 Analyst Ratings

Sell
0

Hold
3

Buy
21

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 hold rating, 19 have given a buy rating, and 2 have given a strong buy rating for ONON.

Consensus Price Target

$60.00
39.57% Upside

According to the 24 analysts' twelve-month price targets for ON, the average price target is $60.00. The highest price target for ONON is $73.00, while the lowest price target for ONON is $44.00. The average price target represents a forecasted upside of 39.57% from the current price of $42.99.

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ONON Analyst Ratings Over Time

Type	Current Forecast 4/14/24 to 4/14/25	1 Month Ago 3/15/24 to 3/15/25	3 Months Ago 1/15/24 to 1/14/25	1 Year Ago 4/15/23 to 4/14/24
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	19 Buy rating(s)	19 Buy rating(s)	19 Buy rating(s)	12 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$60.00	$61.90	$57.86	$37.13
Forecasted Upside	39.57% Upside	33.40% Upside	6.15% Upside	12.97% Upside
Consensus Rating	Moderate Buy	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	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.96	2.56	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	39.57% Upside	67.13% Upside	25.81% Upside
News Sentiment Rating	Positive News See Recent ONON News	Positive News	Positive News

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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
4/11/2025	Piper Sandler 2 of 5 stars	Anna Andreeva Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$62.00 ➝ $55.00	+27.94%
4/10/2025	Stifel Nicolaus 4 of 5 stars	Jim Duffy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$66.00 ➝ $57.00	+36.56%
4/1/2025	Needham & Company LLC 2 of 5 stars	T. Nikic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$64.00 ➝ $50.00	+18.55%
4/1/2025	Telsey 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 Rating	Outperform ➝ Outperform	$67.00 ➝ $67.00	+60.32%
4/1/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Randal Konik Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$44.00	+0.17%
3/11/2025	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 ➝ Strong-Buy
3/11/2025	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$58.00	+31.28%
3/5/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jay Sole Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$65.00 ➝ $73.00	+38.73%
3/5/2025	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ashley Owens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$68.00 ➝ $68.00	+27.22%
3/5/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Alex Straton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$62.00 ➝ $66.00	+26.06%
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3/5/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Adrienne Yih Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$63.00 ➝ $64.00	+22.24%
3/4/2025	Williams Trading Subscribe to MarketBeat All Access for the recommendation accuracy rating	Sam Poser Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$60.00 ➝ $62.00	+22.24%
2/12/2025	The 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	Downgrade	Buy ➝ Neutral	$57.00 ➝ $57.00	+5.39%
1/8/2025	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$65.00 ➝ $66.00	+18.64%
1/7/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$73.00	+33.90%
12/18/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Lejuez Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$65.00	+14.80%
11/21/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Patel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Outperform ➝ Strong-Buy	$58.00 ➝ $63.00	+17.21%
11/13/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Civello Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$58.00 ➝ $61.00	+12.67%
11/13/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Stichter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$64.00	+21.60%
11/13/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$55.00 ➝ $63.00	+19.70%
8/12/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Overweight	$43.00 ➝ $47.00	+17.47%
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%
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%
5/17/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:33 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 Tuesday, April 8, 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:

Recent upgrades from multiple analysts, including HSBC and Stifel Nicolaus, indicate strong confidence in the stock's potential, with price targets set as high as $73.00.
The stock has a current price of approximately $60.45, which is significantly above its fifty-two week low of $29.84, suggesting a recovery and potential for further growth.
On Holding AG has received a consensus rating of "Moderate Buy," with a majority of analysts issuing buy ratings, reflecting positive sentiment in the market.
The company is actively engaged in the development and distribution of high-performance sports products, which positions it well in a growing market focused on health and fitness.
Analysts have noted that the stock may be undervalued, presenting a buying opportunity for investors looking to capitalize on potential market overreactions.

ON
Bear Case

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

Despite positive ratings, some analysts have lowered their price targets, such as Needham & Company reducing their target from $64.00 to $50.00, indicating potential volatility.
The presence of three analysts rating the stock as a hold suggests that there may be uncertainty about its short-term performance.
Market conditions can be unpredictable, and any downturn in the broader market could negatively impact On Holding AG's stock price.
Increased competition in the sports product market could affect On Holding AG's market share and profitability.
Investors should consider the company's reliance on consumer spending, which can fluctuate based on economic conditions, potentially impacting sales and revenue growth.

ONON Forecast - Frequently Asked Questions

: According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for ON is $60.00, with a high forecast of $73.00 and a low forecast of $44.00.
: 24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ON in the last year. There are currently 3 hold ratings, 19 buy ratings and 2 strong 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 upside of 39.57% based on their 12-month stock forecasts.
: Over the previous 90 days, ON's stock had 2 upgrades and 1 downgrade by analysts.
: ON has been rated by research analysts at Barclays, Hsbc Global Res, HSBC, Jefferies Financial Group, KeyCorp, Morgan Stanley, Needham & Company LLC, Piper Sandler, Stifel Nicolaus, Telsey Advisory Group, The Goldman Sachs Group, UBS Group, and Williams Trading in the past 90 days.
: Analysts like ON more than other "retail/wholesale" companies. The consensus rating score for ON is 2.96 while the average consensus rating score for "retail/wholesale" companies is 2.56. Learn more on how ONON compares to other companies.

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This page (NYSE:ONON) was last updated on 4/14/2025 by MarketBeat.com Staff

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ON (ONON) Stock Forecast & Price Target