Stock Price & Analysis

Based on the recent data and market analysis, here's a concise assessment of ONON stock:

Technical Analysis The stock is showing bearish signals with RSI at 28.86 (oversold territory) and negative MACD indicators. The price has been trading below its 20-day SMA of $56.70, indicating short-term weakness.

Recent Developments

• Goldman Sachs recently downgraded ONON to Neutral from Buy (maintaining $57 price target), citing concerns over U.S. growth slowdown and increased competition in the running market.
• Google search interest remains at all-time high with strong NPS scores, indicating sustained consumer interest.

Market Position

• Currently trading at $48.82 during regular market hours on Monday
• Pre-market showed +0.41% gain
• Regular market showing +0.78% gain so far today

Technical Support/Resistance Levels

• Fibonacci Support Levels: S1: $48.95, S2: $46.06, S3: $41.38
• Fibonacci Resistance Levels: R1: $58.31, R2: $61.20, R3: $65.88
• Fibonacci Pivot: $53.63

Recommendation SELL - The combination of recent analyst downgrade, technical weakness, and increasing competitive pressures suggests avoiding new positions at current levels. While the brand remains strong, near-term headwinds could push the stock lower toward the S2 support level of $46.06.

Based on the available data and market analysis, here's the price prediction for ONON stock in 2025:

The stock is expected to reach $65-70 by end of 2025, driven by strong revenue growth in the premium sportswear segment and expanding global market presence. The company's upcoming Q4 2024 earnings release on March 4, 2025 will be a key catalyst for price movement.

The technical analysis shows the stock is currently trading at $48.83 in a consolidation phase after pulling back from recent highs. The Fibonacci resistance levels indicate strong resistance at $58.31 and $61.20, which need to be broken for the stock to reach the predicted target range.

The S1 support level for ONON Stock is $48.2 ,The R1 resistant level for ONON Stock is $54.21.

As of the end of day on 2025-02-26, the price of ONON Stock was $49.99.

The target price for ONON Stock according to analyst rating is 65.47, with the highest price target at 73.00 and the lowest at 57.00. Analysts have a Strong Buy rating on ONON Stock overall.

The market cap of ONON is $16.1B.

Based on the provided data and current valuation metrics, ONON appears overvalued with a forward P/E ratio of 92.17x and EV/EBITDA of 28.29x, significantly higher than industry averages. The stock's technical indicators show bearish signals with RSI at 28.86 (oversold territory) and negative MACD values, suggesting downward momentum. The stock's current price of $48.83 is trading below all major moving averages (SMA 20/60/200), indicating a weakening trend. The high P/S ratio of 4.09x and P/B ratio of 6.73x further support the overvaluation thesis, especially considering the company's growth trajectory and market position. The stock's recent decline from its December 2024 high of $59.54 suggests market participants are beginning to question the premium valuation.

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.

Based on the available data and market analysis, here is the 2030 price prediction for ONON stock:

ONON stock is projected to reach $95-105 by 2030, representing a ~100% upside from current levels around $48.83, driven by the company's strong brand momentum in premium sportswear and expanding global market presence. The recent Goldman Sachs analysis highlights robust consumer interest metrics including all-time high Google search trends and leading NPS scores. The company's focus on innovation in performance footwear and expansion into new markets like tennis and outdoor segments positions it well for sustained long-term growth.

ONON has a total of 2353 employees.