ON (ONON) Stock Forecast & Price Target

$58.51 +0.38 (+0.65%)

(As of 11/25/2024 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
4

Buy
19

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, 4 have given a hold rating, 18 have given a buy rating, and 1 has given a strong buy rating for ONON.

Consensus Price Target

$56.05
-4.21% Downside

According to the 23 analysts' twelve-month price targets for ON, the average price target is $56.05. The highest price target for ONON is $64.00, while the lowest price target for ONON is $34.00. The average price target represents a forecasted downside of -4.21% from the current price of $58.51.

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ONON Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	18 Buy rating(s)	17 Buy rating(s)	18 Buy rating(s)	13 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$56.05	$49.74	$45.83	$35.58
Forecasted Upside	-4.21% Downside	-1.80% Downside	-1.16% Downside	26.17% 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	2.87	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-4.21% Downside	1,211.37% Upside	6.37% 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
11/22/2024	Needham & Company LLC 3 of 5 stars	T. Nikic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$64.00	+14.03%
11/21/2024	Raymond James 4 of 5 stars	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	TD Cowen 4 of 5 stars		Boost Target	Buy ➝ Buy	$58.00 ➝ $60.00	+10.68%
11/13/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$61.00 ➝ $63.00	+16.21%
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	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$47.00 ➝ $63.00	+16.75%
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11/13/2024	Williams Trading Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$40.00 ➝ $60.00	+14.00%
11/13/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$50.00 ➝ $57.00	+8.30%
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%
11/12/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$53.00 ➝ $53.00	+2.38%
10/3/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$52.00 ➝ $56.00	+13.82%
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%
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%
8/12/2024	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
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 Tuesday at 01:25 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 Wednesday, November 20, 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:

The stock is currently trading at $51.49, reflecting a strong performance with a market capitalization of approximately $32.42 billion, indicating robust investor interest and confidence in the company's growth potential.
On Holding AG has shown significant revenue growth, reporting $627.66 million for the latest quarter, which, despite missing estimates, demonstrates the company's ability to generate substantial income.
The company has a relatively high return on equity of 13.02%, suggesting effective management and the ability to generate profits from shareholders' equity, which is attractive to investors looking for efficient capital use.
Recent institutional investments, such as a new stake worth $121.7 million from William Blair Investment Management LLC, indicate strong confidence from large investors, which can positively influence stock performance.
On Holding AG has a beta of 2.25, indicating higher volatility compared to the market. This can be appealing to investors seeking higher returns, as the stock may experience larger price swings, potentially leading to significant gains.

ON
Bear Case

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

The company reported earnings per share (EPS) of $0.10, which was below analysts' expectations of $0.14, raising concerns about its profitability and ability to meet market expectations.
On Holding AG has a high price-to-earnings (P/E) ratio of 97.15, suggesting that the stock may be overvalued relative to its earnings, which could deter value-focused investors.
Despite recent growth, the company’s revenue fell short of analyst estimates, which could indicate potential challenges in maintaining growth momentum in a competitive market.
With 33.11% of the stock owned by hedge funds and institutional investors, there is a risk of volatility if these large stakeholders decide to sell their positions, which could negatively impact the stock price.
The stock has a 1-year high of $52.80, which may suggest that it is nearing its peak, leading to concerns about potential price corrections in the near term.

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 $56.05, with a high forecast of $64.00 and a low forecast of $34.00.
: 23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ON in the last year. There are currently 4 hold ratings, 18 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 downside of -4.21% based on their 12-month stock forecasts.
: Over the previous 90 days, ON's stock had 5 upgrades by analysts.
: ON has been rated by research analysts at Bank of America, Barclays, BTIG Research, Hsbc Global Res, HSBC, KeyCorp, Needham & Company LLC, Piper Sandler, Raymond James, Robert W. Baird, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, The Goldman Sachs Group, Truist Financial, UBS Group, and Williams Trading in the past 90 days.
: Analysts like ON more than other "consumer discretionary" companies. The consensus rating score for ON is 2.87 while the average consensus rating score for "consumer discretionary" 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 11/26/2024 by MarketBeat.com Staff

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ON (ONON) Stock Forecast & Price Target