Equites Radar

ONON · On Holding AG

Footwear & AccessoriesSwitzerlandAnalyst view: Buy

$37.06

+2.24% last session

End-of-day data · updated 2026-07-29

Mildly bearish1 bullish · 3 bearish technical signals
Consensus: Buy (1.59 from 27 analysts)
To mean target: +39.4%

Market cap

$13B

Enterprise value

$12B

Trailing P/E

40.3

Forward P/E

21.8

Dividend yield

Beta

2.12

Avg volume

6M

Employees

4K

2D change

2.24%

5D change

10D change

1.85%

30D change

6.97%

60D change

-7.18%

MTD change

6.55%

YTD change

-18.48%

Analyst Outlook

Consensus ratingBuy
Recommendation mean (1–5)1.59
Covering analysts27
Mean price target$51.65
Low price target$23.94
Upside to mean target+39.4%

Analyst estimates change daily — follow the shifts on the Estimate Trends page.

Technical Analysis

RSI (14)53.5
50-day MA$37.63
200-day MA$40.72
Price vs 50-day MA+0.7%
Price vs 200-day MA-7.0%
MACD histogram-0.00
Volume vs 3-month avg0.5×
52w low $31.8852w high $51.75

Analyst sentiment over time — ONON

Rec Mean (blue, left — higher = more bullish) vs. price targets (right).

Investment Bank Ratings as of 2026-05-13

Latest call per bank · past 12 months

Barclays

Overweight

$46.00

+24.1% vs price
▼ cut from $57.00Maintains · 2026-05-13

JP Morgan

Overweight

$75.00

+102.4% vs price
▲ raised from $71.00Maintains · 2025-11-13

UBS

Buy

$85.00

+129.4% vs price
▲ raised from $79.00Maintains · 2025-11-13

Morgan Stanley

Overweight

$70.00

+88.9% vs price
▲ raised from $65.00Maintains · 2025-11-13

Bank of America

Buy

$63.00

+70.0% vs price
▲ raised from $62.00Maintains · 2025-11-13

Goldman Sachs

Neutral

$52.00

+40.3% vs price
▲ raised from $50.00Maintains · 2025-11-13

Jefferies

Underperform

$40.00

+7.9% vs price
▼ cut from $50.00Downgrade · 2025-08-13

Recent rating actions

DateFirmActionRatingPrice target
2026-05-13Truist SecuritiesMaintainsBuy$55.00 $48.00
2026-05-13BarclaysMaintainsOverweight$57.00 $46.00
2026-05-13GuggenheimReiteratesBuy$51.00
2026-05-13KeybancMaintainsOverweight$58.00 $43.00
2026-05-12NeedhamMaintainsBuy$52.00 $45.00
2026-03-25Telsey Advisory GroupMaintainsOutperform$65.00 $60.00
2026-03-04Truist SecuritiesMaintainsBuy$65.00 $55.00
2026-03-04BarclaysMaintainsOverweight$60.00 $57.00

Ratings and price targets are the published opinions of the issuing banks, compiled from Yahoo Finance rating actions — not investment advice.

Signal Summary as of 2026-07-28

  • RSI (14): RSI is 53 — neutral momentum, neither overbought nor oversold.
  • Price vs 50-day MA: Trading 0.7% above the 50-day MA ($37.63).
  • Price vs 200-day MA: Trading 7.0% below the 200-day MA ($40.72).
  • MA cross: The 50-day MA sits below the 200-day MA (death-cross regime) — the longer-term trend points down.
  • MACD (12,26,9): MACD histogram is negative (-0.00) — short-term momentum is fading.
  • 52-week range: Price sits between the 52-week low ($31.88) and high ($51.75).

ONON Price Chart

Loading chart for ONON

Fundamentals

Revenue (TTM)$3.0B
EBITDA$0M
Free cash flow$0M
Operating cash flow$0M
Book value / share$6.52
Net debt / EBITDA-1.0
WACC17.0%
Revenue growth14.00%
Earnings growth81.00%

About On Holding AG

On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

More in Footwear & Accessories

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Data is sourced from end-of-day snapshots and refreshed daily before the US market open — nothing on this page is real-time. Figures can contain vendor errors. This page is for information only and is not investment advice.