On Holding AG (ONON)
NYSE: ONON · Real-Time Price · USD
32.17
-1.00 (-3.01%)
At close: Oct 27, 2026, 4:00 PM EDT
32.22
+0.05 (0.16%)
After-hours: Oct 27, 2026, 7:49 PM EDT

On Holding AG Stock Forecast

Stock Price Forecast

According to 31 analysts polled by S&P Global, On Holding AG stock has a consensus rating of "Buy" and an average price target of $43.46. The average 1-year stock price forecast is 35.09% higher than the current stock price, while the lowest is $19.87 (-38.23%) and the highest is $71.64 (+122.69%).

Price Target: $43.46 (+35.09%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$19.87$43.46$42.33$71.64
Change-38.23%+35.09%+31.58%+122.69%

Analyst Ratings

The average analyst rating for On Holding AG stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy181818161717
Buy456788
Hold433455
Sell000000
Strong Sell111111
Total272728283131

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Morgan Stanley
Morgan Stanley
Buy
Reiterates
$39
BuyReiterates$39+21.23%Oct 26, 2026
Wolfe Research
Wolfe Research
Buy
Initiates
$47
BuyInitiates$47+46.10%Oct 21, 2026
Raymond James
Raymond James
Buy
Maintains
$38 → $42
BuyMaintains$38 → $42+30.56%Oct 16, 2026
J.P. Morgan
J.P. Morgan
Buy
Maintains
$41 → $44
BuyMaintains$41 → $44+36.77%Oct 1, 2026
Bank of America Securities
Bank of America Securities
Buy
Reiterates
$43
BuyReiterates$43+33.66%Sep 29, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
3.51B
from 3.01B
Increased by 16.60%
Revenue Next Year
4.18B
from 3.51B
Increased by 18.93%
EPS This Year
1.43
from 0.80
Increased by 78.94%
EPS Next Year
1.70
from 1.43
Increased by 19.02%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
724.60M1.22B1.79B2.32B3.01B3.51B
Revenue Growth
70.37%68.66%46.64%29.36%30.01%16.60%
Gross Profit
430.30M684.90M1.07B1.41B1.89B2.29B
Gross Margin
59.38%56.04%59.56%60.63%62.83%65.23%
Operating Income
-141.10M85.00M179.80M211.00M376.60M489.86M
Net Income
-170.20M57.70M79.60M242.30M203.70M403.94M
EPS
----0.801.43
EPS Growth
-----17.53%78.94%
Forward PE
158.8438.9233.1852.3929.3718.64
Free Cash Flow
----286.60M449.70M
No. Analysts
-----30
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CHF.

Revenue Forecast

Revenue202620272028
High3.6B
Avg3.5B
Low3.4B

Revenue Growth

Revenue Growth202620272028
High
17.8%
Avg
16.6%
Low
13.3%

EPS Forecast

EPS202620272028
High1.54
Avg1.43
Low1.37

EPS Growth

EPS Growth202620272028
High
92.9%
Avg
78.9%
Low
70.9%