ONON Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

721.89M

+19.01%

0.210

-36.46%

854.09M

+17.55%

0.285

+35.57%

905.55M

+20.87%

0.336

-473.24%

Estimates Revision

The market is revising Upward the revenue expectations for On Holding AG (ONON) for FY2025, with the revenue forecasts being adjusted by 0.97% over the past three months. During the same period, the stock price has changed by 17.34%.

Revenue Estimates for FY2025

Revise Upward

+0.97%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+22.81%

In Past 3 Month

Stock Price

Go Up

+17.34%

In Past 3 Month

20 Analyst Rating

Wall Street analysts forecast ONON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ONON is 61.06 USD with a low forecast of 30.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

18 Buy

1 Hold

1 Sell

Strong Buy

Current: 0.000

Low

30.00

Averages

61.06

High

85.00

Current: 0.000

Low

30.00

Averages

61.06

High

85.00

UBS

Buy

maintain

$85

2025-12-29

Reason

UBS

Price Target

$85

2025-12-29

maintain

Buy

Reason

UBS says the firm's 11th annual global athletic wear survey shows that On Holding (ONON) "has big growth potential." The survey indicates On's global aided awareness is just 15%, much lower than Nike (NKE) at 91% and Under Armour (UAA) at 53%, the analyst tells investors in a research note. UBS believes rising brand awareness is the main reason On will likely take more market share in 2026. On's global purchase intentions and Net Promoter scores look solid, adds the firm. It remains "very bullish" on the stock with a Buy rating and $85 price target.

Guggenheim

NULL

Buy

initiated

$59

2025-12-09

Reason

Guggenheim

Price Target

$59

2025-12-09

initiated

NULL

Buy

Reason

Guggenheim initiated coverage of On Holding with a Buy rating and $59 price target. The retail sector still seems to be perceived as "structurally sick," but the firm says "holiday brought the cheer," tariffs have been manageable so far and "most importantly and likely going unnoticed" is the fact that the majority of the firm's coverage actually operates at, or close to, their gross margin peaks.

Piper Sandler

Overweight

maintain

$55 -> $60

2025-11-25

Reason

Piper Sandler

Price Target

$55 -> $60

2025-11-25

maintain

Overweight

Reason

Piper Sandler raised the firm's price target on On Holding to $60 from $55 and keeps an Overweight rating on the shares. The firm says the company's Q3 print dispelled a lot of the bear case on durability of the 20%-plus current currency growth across the portfolio into 2026. Piper models mid-teens growth in 2025 and low double digits in 2026, impressive considering more promotional competitive set and On Holding's commitment to staying full price.

JPMorgan

Overweight

maintain

$71 -> $75

2025-11-13

Reason

JPMorgan

Price Target

$71 -> $75

2025-11-13

maintain

Overweight

Reason

JPMorgan raised the firm's price target on On Holding to $75 from $71 and keeps an Overweight rating on the shares post the Q3 report. The company reported "another beat and raise" quarter, the analyst tells investors in a research note. The firm cites a more positive view on On's margins for the target boost.

TD Cowen

Buy

maintain

$55 -> $57

2025-11-13

Reason

TD Cowen

Price Target

$55 -> $57

2025-11-13

maintain

Buy

Reason

TD Cowen raised the firm's price target on On Holding to $57 from $55 and keeps a Buy rating on the shares. The firm said the company is among the best positioned for growth and upside versus consensus expectations given premium positioning in performance and lifestyle and management's consistent innovation across franchises.

Evercore ISI

Michael Binetti

Outperform

maintain

$50 -> $60

2025-11-13

Reason

Evercore ISI

Michael Binetti

Price Target

$50 -> $60

2025-11-13

maintain

Outperform

Reason

Evercore ISI analyst Michael Binetti raised the firm's price target on On Holding to $60 from $50 and keeps an Outperform rating on the shares. On's "impressive" Q3 results challenge the bear case and reinforce the growth story, the analyst tells investors.

Valuation Metrics

The current forward P/E ratio for On Holding AG (ONON.N) is 29.64, compared to its 5-year average forward P/E of 54.18. For a more detailed relative valuation and DCF analysis to assess On Holding AG 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

54.18

Current PE

29.64

Overvalued PE

117.11

Undervalued PE

-8.75

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

34.35

Current EV/EBITDA

18.66

Overvalued EV/EBITDA

61.64

Undervalued EV/EBITDA

7.06

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

5.09

Current PS

3.58

Overvalued PS

7.46

Undervalued PS

2.73

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

ONON News & Events

Events Timeline

No data

News

4.5

01-09Barron's

S&P 500 Futures Increase in Pre-Market Activity; Oklo and Vistra Take the Lead

6.5

01-07Barron's

Deckers Outdoor Shares Are Not Recommended for Purchase; Promotions Considered an 'Unhealthy' Sales Strategy.

9.5

01-06Fool

Supermicro Faces Challenges Due to Auditor Issues

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Frequently Asked Questions

What is On Holding AG (ONON) stock price today?

The current price of ONON is 49.12 USD — it has decreased -2.98 % in the last trading day.

What is On Holding AG (ONON)'s business?

On Holding AG is a Switzerland-based company active in athletic sports accesories industry. The Company provides footwear and sports apparel and is engaged in developing and distributing performance sports products, through independent retailers and global distributors. The Company sells its products trough the internet and its own stores.

What is the price predicton of ONON Stock?

What is On Holding AG (ONON)'s revenue for the last quarter?

On Holding AG revenue for the last quarter amounts to 794.40M USD, increased 24.94 % YoY.

What is On Holding AG (ONON)'s earnings per share (EPS) for the last quarter?

On Holding AG. EPS for the last quarter amounts to 0.36 USD, increased 300.00 % YoY.

What changes have occurred in the market's expectations for On Holding AG (ONON)'s fundamentals?

How many employees does On Holding AG (ONON). have?

On Holding AG (ONON) has 3254 emplpoyees as of January 10 2026.

What is On Holding AG (ONON) market cap?

Today ONON has the market capitalization of 16.22B USD.