Investment Analysts’ Recent Ratings Changes for ON (ONON)

Several analysts have recently updated their ratings and price targets for ON (NYSE: ONON):

• 10/21/2026 – ON is now covered by Wolfe Research. They set an “outperform” rating and a $47.00 price target on the stock.
• 10/20/2026 – ON had its “underperform” rating reaffirmed by Jefferies Financial Group Inc..
• 10/16/2026 – ON had its price target raised by Raymond James Financial, Inc. from $38.00 to $42.00. They now have an “outperform” rating on the stock.
• 10/12/2026 – ON was upgraded by Zacks Research from “strong sell” to “hold”.
• 10/8/2026 – ON was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.
• 10/1/2026 – ON had its price target raised by JPMorgan Chase & Co. from $41.00 to $44.00. They now have an “overweight” rating on the stock.
• 9/28/2026 – ON had its “overweight” rating reaffirmed by KeyCorp.
• 9/28/2026 – ON was given a new $37.00 price target by KeyCorp.
• 9/24/2026 – ON had its “overweight” rating reaffirmed by Piper Sandler. They now have a $45.00 price target on the stock.
• 9/24/2026 – ON had its “outperform” rating reaffirmed by Sanford C. Bernstein.
• 9/24/2026 – ON had its price target raised by BMO Capital Markets from $28.00 to $33.00. They now have a “market perform” rating on the stock.
• 9/24/2026 – ON had its price target raised by Barclays PLC from $42.00 to $44.00. They now have an “overweight” rating on the stock.
• 9/23/2026 – ON had its “buy” rating reaffirmed by UBS Group AG.
• 9/23/2026 – ON had its “buy” rating reaffirmed by Citigroup Inc..
• 9/23/2026 – ON had its price target raised by Needham & Company LLC from $37.00 to $40.00. They now have a “buy” rating on the stock.
• 9/23/2026 – ON had its “buy” rating reaffirmed by BTIG Research. They now have a $60.00 price target on the stock.
• 9/22/2026 – ON had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc..
• 9/18/2026 – ON had its “underperform” rating reaffirmed by Jefferies Financial Group Inc..
• 9/18/2026 – ON had its “market perform” rating reaffirmed by BMO Capital Markets.
• 9/18/2026 – ON had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $40.00 price target on the stock, up from $37.00.
• 9/17/2026 – ON had its price target lowered by Bank of America Corporation from $46.00 to $43.00. They now have a “buy” rating on the stock.
• 9/16/2026 – ON had its “buy” rating reaffirmed by BTIG Research. They now have a $60.00 price target on the stock.
• 9/14/2026 – ON was given a new $38.00 price target by Berenberg Bank.
• 9/14/2026 – ON was upgraded by Berenberg Bank to “strong-buy”.
• 9/11/2026 – ON was given a new $42.00 price target by Guggenheim.
• 9/10/2026 – ON is now covered by Morgan Stanley. They set an “overweight” rating and a $39.00 price target on the stock.
• 9/8/2026 – ON is now covered by BMO Capital Markets. They set a “market perform” rating and a $28.00 price target on the stock.
• 9/8/2026 – ON was given a new $28.00 price target by Capital One Financial Corporation.
• 9/8/2026 – ON is now covered by BMO Capital Markets. They set a “market perform” rating and a $28.00 price target on the stock.
• 9/8/2026 – ON was downgraded by Weiss Ratings from “hold (c)” to “hold (c-)”.
• 9/8/2026 – ON was upgraded by BMO Capital Markets to “hold”.
• 9/3/2026 – ON was downgraded by Zacks Research from “hold” to “strong sell”.

Insider Transactions at ON

In related news, CEO Caspar Coppetti purchased 65,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average price of $30.67 per share, with a total value of $1,993,550.00. Following the purchase, the chief executive officer owned 2,440,855 shares of the company’s stock, valued at $74,861,022.85. This trade represents a 2.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Olivier Bernhard bought 65,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $30.67 per share, with a total value of $1,993,550.00. Following the completion of the acquisition, the insider owned 5,228,184 shares of the company’s stock, valued at approximately $160,348,403.28. This trade represents a 1.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 68.57% of the company’s stock.

On Holding AG, commonly known as On, is a Swiss sportswear company that develops and sells performance footwear, apparel and accessories. The company serves athletes and everyday consumers with products designed for running, training, outdoor activities and lifestyle use.

On is best known for its running shoes, which incorporate proprietary technologies such as CloudTec cushioning and the Speedboard propulsion system. Its product portfolio also includes athletic clothing, outerwear and accessories.