On Holding AG (ONON)

On Holding AG Stock Forecast

Stock Price Forecast

According to 26 analysts polled by S&P Global, On Holding AG stock has a consensus rating of "Buy" and an average price target of $53.1. The average 1-year stock price forecast is 29.89% higher than the current stock price, while the lowest is $23.89 (-41.56%) and the highest is $85.76 (+109.78%).

Price Target: $53.1 (+29.89%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$23.89	$53.1	$50.77	$85.76
Change	-41.56%	+29.89%	+24.19%	+109.78%

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

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	18	18	18	17	18	17
Buy	5	5	5	5	4	5
Hold	3	3	4	4	4	3
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	27	27	28	27	27	26

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Anna Andreeva Piper Sandler	Piper Sandler	Buy Maintains $60 → $50	Buy	Maintains	$60 → $50	+22.31%	May 18, 2026
Joe Feldman Telsey Advisory	Telsey Advisory	Buy Reiterates $60 → $51	Buy	Reiterates	$60 → $51	+24.76%	May 15, 2026
Randal Konik Jefferies	Jefferies	Sell Reiterates $30 → $24	Sell	Reiterates	$30 → $24	-41.29%	May 13, 2026
Sam Poser Williams Trading	Williams Trading	Hold Maintains $41 → $38	Hold	Maintains	$41 → $38	-7.05%	May 13, 2026
Ashley Owens KeyBanc	KeyBanc	Buy Maintains $58 → $43	Buy	Maintains	$58 → $43	+5.19%	May 13, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

3.63B

Increased by 20.27%

from 3.01B

Revenue Next Year

4.35B

Increased by 20.06%

from 3.63B

EPS This Year

1.37

Increased by 124.57%

from 0.61

EPS Next Year

1.69

Increased by 23.31%

from 1.37

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	724.60M	1.22B	1.79B	2.32B	3.01B	3.63B	4.35B
Revenue Growth	70.37%	68.66%	46.64%	29.36%	30.01%	20.27%	20.06%
EPS	-0.59	0.18	0.25	0.74	0.61	1.37	1.69
EPS Growth	-	-	36.47%	199.92%	-17.39%	124.57%	23.31%
Forward PE	-	-	-	-	-	23.30	18.90
No. Analysts	-	-	-	-	-	32	32

Financial currency is CHF. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029	2030	2031	2032	2033
High	3.9B	4.8B
Avg	3.6B	4.4B
Low	3.4B	3.5B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030	2031	2032	2033
High	30.0%	32.7%
Avg	20.3%	20.1%
Low	12.1%	-2.8%

EPS Forecast

EPS	2026	2027	2028	2029	2030	2031	2032	2033
High	1.59	2.03
Avg	1.37	1.69
Low	1.06	0.88

EPS Growth

EPS Growth	2026	2027	2028	2029	2030	2031	2032	2033
High	159.9%	48.3%
Avg	124.6%	23.3%
Low	73.5%	-35.6%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.