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On Holding AG (ONON) Stock Forecast

Data as of May 2, 2026

Consumer Cyclical · Current price $34.56 (-2.95%)

Consensus Target
$56.71
Upside
+63.5%
Analysts
32
Rating
Buy(2.06)

Price Target Range

Low $31.00Consensus $56.71High $85.00
▲ Current $34.56

Consensus Price Target Over Time

Analyst Rating Distribution

Last 3 Months

Consensus
Buy
Strong Buy0
Buy9
Hold0
Sell0
Strong Sell0

6-Month Trend

Latest Analyst Forecasts

Price targets issued by Wall Street analysts. Upside calculated against today's price.

DateAnalystFirmPrice TargetUpside
Mar 27, 2026Michael BinettiEvercore ISI$45.00+30.2%
Mar 26, 2026Cristina FernandezTelsey Advisory$60.00+73.6%
Mar 3, 2026Joseph CivelloTruist Financial$55.00+59.1%
Mar 3, 2026Peter McGoldrickStifel Nicolaus$58.00+67.8%
Mar 3, 2026Michael BinettiEvercore ISI$58.00+67.8%
Feb 26, 2026Tom NikicNeedham$52.00+50.5%
Jan 28, 2026Jim DuffyStifel Nicolaus$60.00+73.6%
Jan 22, 2026Ashley OwensKeyBanc$58.00+67.8%
Jan 8, 2026Sam PoserWilliams Trading$47.00+36.0%
Nov 12, 2025Randal KonikJefferies$31.00-10.3%
Nov 6, 2025Anna AndreevaPiper Sandler$55.00+59.1%
Nov 4, 2025Janine StichterBTIG$70.00+102.5%
Oct 21, 2025Rick PatelRaymond James$55.00+59.1%
Aug 13, 2025Jay SoleUBS$79.00+128.6%
Aug 13, 2025Randal KonikJefferies$40.00+15.7%
May 14, 2025Joseph CivelloTruist Financial$69.00+99.7%
May 14, 2025Jay SoleUBS$75.00+117.0%
May 14, 2025Adrienne YihBarclays$68.00+96.8%
May 13, 2025Tom NikicNeedham$62.00+79.4%
Apr 28, 2025Jay SoleUBS$59.00+70.7%

ONON vs Sector & Market

MetricONONConsumer Cyclical AvgLarge Cap Avg
Analyst Rating2.062.532.41
Analyst Count321318
Target Upside+63.5%+417.3%+14.9%
P/E Ratio55.7411.1831.19

Revenue Estimates

PeriodLowAvgHigh#
2026-12-31$3.55B$3.64B$3.79B19
2027-03-31$973M$1.01B$1.04B5
2027-06-30$1.04B$1.08B$1.11B6
2027-09-30$1.11B$1.15B$1.19B9
2027-12-31$1.05B$1.08B$1.12B5
2028-03-31$1.27B$1.32B$1.36B4
2028-06-30$1.27B$1.32B$1.36B6
2028-09-30$1.40B$1.45B$1.50B9
2028-12-31$1.30B$1.34B$1.39B4
2029-12-31$5.44B$5.80B$6.11B4

EPS Estimates

PeriodLowAvgHigh#
2026-12-31$1.24$1.32$1.3814
2027-03-31$0.32$0.33$0.343
2027-06-30$0.37$0.39$0.405
2027-09-30$0.46$0.48$0.503
2027-12-31$0.34$0.36$0.386
2028-03-31$0.42$0.44$0.464
2028-06-30$0.48$0.50$0.536
2028-09-30$0.60$0.63$0.664
2028-12-31$0.44$0.46$0.487
2029-12-31$2.06$2.23$2.394

Frequently Asked Questions

What is the analyst consensus for ONON?

The consensus among 32 analysts covering On Holding AG (ONON) is Buy with an average price target of $56.71.

What is the highest price target for ONON?

The highest price target for ONON is $79.00, set by Jay Sole at UBS on 2025-08-13.

What is the lowest price target for ONON?

The lowest price target for ONON is $26.00, set by Alex Straton at Morgan Stanley on 2022-11-25.

How many analysts cover ONON?

32 analysts have issued ratings for On Holding AG in the past 12 months.

Is ONON a buy or sell right now?

Based on 32 analyst ratings, ONON has a consensus rating of Buy (2.06/5) with a +63.5% upside to the consensus target of $56.71.

What are the earnings estimates for ONON?

Analysts estimate ONON will report EPS of $1.32 for the period ending 2026-12-31, with revenue estimated at $3.64B.

Data updated daily. Analyst price targets sourced from public filings and broker reports. Not investment advice.