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Ranked #2323 by analyst upside · 2026-11-12
ONON
On Holding AG
Consumer Cyclical · Market Cap $12B · P/E 21.2x
ANALYST PRICE TARGET
+25.7%
implied upside to consensus target
Current Price $34.71
Consensus Target $43.63
Bull Target $71.9
Bear Target $19.84
Analysts Covering 31
ANALYST CONSENSUS - BUY
Strong Buy
8
Buy
17
Hold
5
Sell
1
52-Week Low $26.36
52-Week High $51.08
YTD Return -26.1%
FUNDAMENTALS
Market Cap $12B
P/E Ratio (TTM) 21.2x
Forward P/E 16.8x
EPS (TTM) $1.64
PEG Ratio 0.56
Dividend Yield N/A
Revenue (TTM) $3.2B
Profit Margin 12.3%
52-WEEK RANGE
52-Week Low $26.36
52-Week High $51.08
Current Price $34.71
Bear Target $19.84
Bull Target $71.9
● Now $34.71 ● Target $43.63
TRADING DATA
Avg Volume 10.7M
YTD Return -26.1%
Analyst Count 31
Consensus Buy
Upside to Target +25.7%
Last Updated 2026-11-12

ANALYST SUMMARY

On Holding AG (ONON) is currently trading at $34.71 with a Wall Street consensus price target of $43.63, implying potential upside of 25.7% over the next 12 months. 31 analysts currently cover ONON, with a consensus rating of Buy - 81% of analysts rate the stock a Buy or Strong Buy. The most bullish analyst has a price target of $71.9, while the most cautious has a target of $19.84.

ONON operates in the Consumer Cyclical sector with a market capitalisation of $12B. The stock is down 26.1% year-to-date and is currently trading near the lower end of its 52-week range of $26.36 – $51.08.

SIMILAR STOCKS

Other Consumer Cyclical stocks with comparable size and valuation.

RECENT ANALYST CALLS

Upgrade/downgrade history for ONON, with each firm's 90-day track record across all stocks we track. See full firm rankings →

Wells Fargo ● Initiated
Overweight 2026-11-04 Building track record
BTIG reit
Buy → Buy 2026-11-03 38% win rate (8 calls)
Wolfe Research ● Initiated
Outperform 2026-10-22 Building track record
Raymond James - Reiterated
Outperform → Outperform 2026-10-16 Building track record
JP Morgan - Reiterated
Overweight → Overweight 2026-10-01 43% win rate (7 calls)
BMO Capital - Reiterated
Market Perform → Market Perform 2026-09-24 Building track record
Barclays - Reiterated
Overweight → Overweight 2026-09-24 Building track record
Needham - Reiterated
Buy → Buy 2026-09-23 20% win rate (5 calls)
HISTORICAL SNAPSHOT

Point-in-time data from StockUpside's daily snapshots. Tracks price, analyst target, upside %, consensus, and analyst count.

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ANALYST CONVICTION SCORE
48
out of 100
Coverage depth
26/30
Consensus clarity
0/30
Vote unanimity
20/25
Rating stability
2/15

Measures analyst agreement, not fundamental quality. A high score means analysts broadly agree on this call - not that the stock will go up.

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