ON (NYSE:ONON) Price Target Cut to $51.00 by Analysts at Guggenheim

ON (NYSE:ONON) had its price objective cut by equities research analysts at Guggenheim from $59.00 to $51.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s target price suggests a potential upside of 16.24% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. KeyCorp lowered their price target on ON from $68.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Bank of America increased their target price on shares of ON from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Morgan Stanley lifted their price target on shares of ON from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Williams Trading lowered shares of ON from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $55.00 to $47.00 in a report on Thursday, January 8th. Finally, Singular Research raised shares of ON to a “strong-buy” rating in a research report on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.55.

ON Stock Down 6.2%

Shares of ONON opened at $43.88 on Wednesday. ON has a 52-week low of $34.38 and a 52-week high of $61.29. The company has a quick ratio of 2.05, a current ratio of 2.55 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $46.30 and a two-hundred day simple moving average of $44.43. The company has a market capitalization of $27.55 billion, a PE ratio of 56.98, a price-to-earnings-growth ratio of 1.39 and a beta of 2.14.

ON (NYSE:ONON) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. ON had a net margin of 7.45% and a return on equity of 14.81%. The business had revenue of $937.29 million during the quarter, compared to the consensus estimate of $727.55 million. During the same quarter last year, the firm earned $0.33 EPS. The business’s revenue was up 22.6% compared to the same quarter last year. As a group, equities analysts forecast that ON will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ONON. Morgan Stanley increased its position in shares of ON by 40.9% in the 4th quarter. Morgan Stanley now owns 24,119,871 shares of the company’s stock valued at $1,121,092,000 after purchasing an additional 6,997,455 shares during the last quarter. Platinum Paramount Investment LTD. purchased a new position in ON in the fourth quarter valued at $525,784,000. Sinvest Investments II Ltd. acquired a new stake in ON in the fourth quarter valued at $390,432,000. Sands Capital Management LLC boosted its position in shares of ON by 46.7% during the 3rd quarter. Sands Capital Management LLC now owns 6,769,430 shares of the company’s stock worth $286,685,000 after acquiring an additional 2,155,083 shares in the last quarter. Finally, Bamco Inc. NY raised its position in shares of ON by 13.9% during the 4th quarter. Bamco Inc. NY now owns 5,405,486 shares of the company’s stock worth $251,247,000 after acquiring an additional 658,933 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Key Headlines Impacting ON

Here are the key news stories impacting ON this week:

• Positive Sentiment: Q4 results and full‑year 2025 — On beat revenue and EPS estimates for Q4 and reported record annual sales (surpassed CHF 3.0B) with margin expansion, showing solid topline growth and profitability that support the long‑term growth story. Business Wire: On Announces Fourth Quarter and Full Year Results
• Positive Sentiment: Quarter detail: Q4 revenue of $937.3M and EPS of $0.31–$0.32 topped consensus, with revenue up ~22.6% YoY — a sign demand remained healthy despite tougher comps. MarketBeat: Q4 results
• Positive Sentiment: Analyst sentiment remains constructive — Telsey reaffirmed an “outperform” rating with a $65 target and aggregate analyst price targets still point to significant upside, which could limit selling pressure after the guidance hit. Benzinga / TickerReport coverage
• Positive Sentiment: Unusual options activity — a surge in call buying suggests some investors are positioning for a rebound or upside after the pullback. Kalkine Media: Options surge
• Neutral Sentiment: Formal reporting: the company filed its 20‑F and published the earnings call/transcript (useful for investors digging into management commentary and segment detail). Seeking Alpha: Q4 earnings call transcript
• Neutral Sentiment: Macro note — crude oil closed near a two‑year high; higher energy/pricing can weigh on consumer discretionary spending and input costs, a background risk but not a company‑specific driver today. Zacks: Crude oil update
• Negative Sentiment: FY2026 guidance miss — management’s revenue guidance (~$4.3B) came in below consensus (~$4.6B), and the outlook was described as slower‑than‑expected growth for 2026; that guidance shortfall is the main catalyst for the stock’s decline as it resets near‑term expectations. Seeking Alpha: Guidance spooks investors
• Negative Sentiment: Near‑term market reaction — multiple outlets note a sharp intraday selloff (articles highlight a double‑digit plunge in headlines), reflecting investors’ focus on guidance rather than the beat. MSN: Stock plunge on weak guidance

ON Company Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.