On Holding AG (NYSE:ONON) Receives Average Rating of “Moderate Buy” from Analysts

On Holding AG (NYSE:ONON) has received a consensus rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $59.4091.

Several research firms have recently issued reports on ONON. JPMorgan Chase & Co. increased their target price on ON from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price objective on shares of ON in a research note on Thursday, February 26th. Truist Financial decreased their target price on shares of ON from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday. The Goldman Sachs Group boosted their target price on shares of ON from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, November 13th. Finally, Bank of America increased their price target on shares of ON from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th.

ON Stock Performance

Shares of NYSE:ONON opened at $43.32 on Friday. ON has a 12-month low of $34.38 and a 12-month high of $61.29. The company’s 50 day moving average price is $46.18 and its two-hundred day moving average price is $44.41. The firm has a market cap of $27.20 billion, a PE ratio of 60.17, a PEG ratio of 1.29 and a beta of 2.14. The company has a quick ratio of 2.05, a current ratio of 2.71 and a debt-to-equity ratio of 0.27.

ON (NYSE:ONON) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. ON had a return on equity of 13.25% and a net margin of 6.59%.The business had revenue of $937.29 million during the quarter, compared to analysts’ expectations of $727.55 million. During the same period in the previous year, the company posted $0.33 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities research analysts predict that ON will post 0.66 earnings per share for the current year.

ON News Summary

Here are the key news stories impacting ON this week:

• Positive Sentiment: Q4 beat on both EPS and sales — On reported stronger-than-expected quarterly results (EPS above estimates) and record sales, underpinning the bullish near-term narrative. Q4 2025 Earnings Call Transcript
• Positive Sentiment: Broad-based growth and margin tailwinds — revenue and unit growth were strong across DTC, wholesale and apparel/accessories (APAC especially robust); MarketBeat notes record gross margins and accelerating EBITDA. Institutional accumulation is also rising, which supports a durable recovery thesis. After Cooling Off, On Holding May Be Ready to Sprint Higher
• Positive Sentiment: Analyst support remains — Telsey reiterated an Outperform, signaling continued analyst conviction in On’s growth runway despite the guidance conservatism. Telsey Reiterates Outperform
• Neutral Sentiment: Price-target trims but ratings intact — Barclays lowered its PT to $57 while keeping an Overweight rating; the downgrade trims upside but preserves a bullish stance. Barclays Lowers PT
• Neutral Sentiment: Guggenheim also cut its target to $51 but maintained a Buy — another vote of confidence even as near-term expectations were softened. Guggenheim Lowers PT
• Negative Sentiment: Conservative 2026 guidance and margin trade-offs — management set a cautious FY26 outlook and is prioritizing growth investments, which, combined with FX headwinds, pressured net income margins and triggered the initial sell-off. On Holding Pours Into Growth As Record Sales Meet Margin Trade Offs
• Negative Sentiment: Near-term volatility risk — the guidance-led pullback highlighted execution and margin risk; sentiment could remain choppy until Q1 results and clearer FX/SG&A cadence emerge (Q1 earnings in mid‑May is the next key catalyst). MarketBeat Analysis

Institutional Trading of ON

Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley grew its position in ON by 40.9% in the fourth quarter. Morgan Stanley now owns 24,119,871 shares of the company’s stock valued at $1,121,092,000 after acquiring an additional 6,997,455 shares during the last quarter. Platinum Paramount Investment LTD. bought a new stake in shares of ON during the 4th quarter valued at approximately $525,784,000. Sinvest Investments II Ltd. bought a new stake in shares of ON during the 4th quarter valued at approximately $390,432,000. Sands Capital Management LLC increased its position in 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 purchasing an additional 2,155,083 shares in the last quarter. Finally, Bamco Inc. NY lifted its stake in ON by 13.9% in the 4th quarter. Bamco Inc. NY now owns 5,405,486 shares of the company’s stock valued at $251,247,000 after purchasing an additional 658,933 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors.

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.