On Holding AG (ONON)
NYSE: ONON · Real-Time Price · USD
30.20
+0.59 (1.99%)
At close: Oct 1, 2026, 4:00 PM EDT
29.91
-0.29 (-0.96%)
After-hours: Oct 1, 2026, 6:52 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 $43.24. The average 1-year stock price forecast is 43.18% higher than the current stock price, while the lowest is $19.93 (-34.01%) and the highest is $71.37 (+136.32%).

Price Target: $43.24 (+43.18%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$19.93$43.24$41.08$71.37
Change-34.01%+43.18%+36.03%+136.32%

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
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy181818181617
Buy445678
Hold443345
Sell000000
Strong Sell111111
Total272727282831

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
J.P. Morgan
J.P. Morgan
Buy
Maintains
$41 → $44
BuyMaintains$41 → $44+45.70%Oct 1, 2026
Morgan Stanley
Morgan Stanley
Buy
Reiterates
$39
BuyReiterates$39+29.14%Sep 29, 2026
Bank of America Securities
Bank of America Securities
Buy
Reiterates
$43
BuyReiterates$43+42.38%Sep 29, 2026
William Blair
William Blair
Hold
Maintains
n/a
HoldMaintainsn/an/aSep 28, 2026
Citi
Citi
Buy
Reiterates
n/a
BuyReiteratesn/an/aSep 28, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
3.51B
from 3.01B
Increased by 16.56%
Revenue Next Year
4.18B
from 3.51B
Increased by 18.86%
EPS This Year
1.42
from 0.80
Increased by 77.75%
EPS Next Year
1.70
from 1.42
Increased by 19.80%
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%16.56%
Gross Profit
430.30M684.90M1.07B1.41B1.89B2.29B
Gross Margin
59.38%56.04%59.56%60.63%62.83%65.16%
Operating Income
-141.10M85.00M179.80M211.00M376.60M489.69M
Net Income
-170.20M57.70M79.60M242.30M203.70M401.29M
EPS
----0.801.42
EPS Growth
-----17.53%77.75%
Forward PE
158.8438.9233.1852.3929.3717.65
Free Cash Flow
----286.60M444.24M
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
High1.53
Avg1.42
Low1.37

EPS Growth

EPS Growth202620272028
High
91.3%
Avg
77.7%
Low
70.9%