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On Holding AG has a consensus price target of $60.14 based on the ratings of 22 analysts. The high is $85 issued by UBS on November 13, 2025. The low is $40 issued by Jefferies on August 13, 2025. The 3 most-recent analyst ratings were released by Telsey Advisory Group, Truist Securities, and Barclays on March 25, 2026, March 4, 2026, and March 4, 2026, respectively. With an average price target of $57.33 between Telsey Advisory Group, Truist Securities, and Barclays, there's an implied 61.64% upside for On Holding AG from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for On Holding (NYSE:ONON) was reported by Telsey Advisory Group on March 25, 2026. The analyst firm set a price target for $60.00 expecting ONON to rise to within 12 months (a possible 69.16% upside). 60 analyst firms have reported ratings in the last year.
The latest analyst rating for On Holding (NYSE:ONON) was provided by Telsey Advisory Group, and On Holding maintained their outperform rating.
The last upgrade for On Holding AG happened on April 28, 2025 when Citigroup raised their price target to $60. Citigroup previously had a neutral for On Holding AG.
The last downgrade for On Holding AG happened on January 9, 2026 when Williams Trading changed their price target from $55 to $47 for On Holding AG.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of On Holding, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for On Holding was filed on March 25, 2026 so you should expect the next rating to be made available sometime around March 25, 2027.
While ratings are subjective and will change, the latest On Holding (ONON) rating was a maintained with a price target of $65.00 to $60.00. The current price On Holding (ONON) is trading at is $35.47, which is out of the analyst’s predicted range.