ON (ONON) – Research Analysts’ Recent Ratings Updates

ON (NYSE: ONON) has recently received a number of price target changes and ratings updates:

• 5/14/2025 – ON was given a new $75.00 price target on by analysts at UBS Group AG.
• 5/14/2025 – ON had its “buy” rating reaffirmed by analysts at Cowen Inc.
• 5/14/2025 – ON had its “strong-buy” rating reaffirmed by analysts at Raymond James.
• 5/14/2025 – ON was given a new $68.00 price target on by analysts at Barclays PLC.
• 5/14/2025 – ON had its price target raised by analysts at KeyCorp from $60.00 to $68.00. They now have an “overweight” rating on the stock.
• 5/14/2025 – ON had its price target raised by analysts at Evercore ISI from $60.00 to $70.00. They now have an “outperform” rating on the stock.
• 5/14/2025 – ON had its price target raised by analysts at Robert W. Baird from $63.00 to $70.00. They now have an “outperform” rating on the stock.
• 5/14/2025 – ON had its price target raised by analysts at Truist Financial Co. from $61.00 to $69.00. They now have a “buy” rating on the stock.
• 5/14/2025 – ON had its price target raised by analysts at Stifel Nicolaus from $57.00 to $66.00. They now have a “buy” rating on the stock.
• 5/14/2025 – ON had its price target raised by analysts at Needham & Company LLC from $55.00 to $62.00. They now have a “buy” rating on the stock.
• 5/13/2025 – ON had its “overweight” rating reaffirmed by analysts at Piper Sandler.
• 5/13/2025 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $65.00 price target on the stock.
• 5/12/2025 – ON had its price target lowered by analysts at Barclays PLC from $64.00 to $52.00. They now have an “overweight” rating on the stock.
• 5/7/2025 – ON had its price target lowered by analysts at Telsey Advisory Group from $67.00 to $65.00. They now have an “outperform” rating on the stock.
• 5/7/2025 – ON had its price target raised by analysts at Needham & Company LLC from $50.00 to $55.00. They now have a “buy” rating on the stock.
• 5/6/2025 – ON had its price target lowered by analysts at Morgan Stanley from $66.00 to $62.00. They now have an “overweight” rating on the stock.
• 4/29/2025 – ON had its price target lowered by analysts at KeyCorp from $68.00 to $60.00. They now have an “overweight” rating on the stock.
• 4/28/2025 – ON was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $60.00 price target on the stock, down previously from $65.00.
• 4/28/2025 – ON had its price target raised by analysts at UBS Group AG from $56.00 to $59.00. They now have a “buy” rating on the stock.
• 4/11/2025 – ON had its price target lowered by analysts at Piper Sandler from $62.00 to $55.00. They now have an “overweight” rating on the stock.
• 4/10/2025 – ON had its price target lowered by analysts at Stifel Nicolaus from $66.00 to $57.00. They now have a “buy” rating on the stock.
• 4/1/2025 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $67.00 price target on the stock.
• 4/1/2025 – ON is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $44.00 price target on the stock.
• 4/1/2025 – ON had its price target lowered by analysts at Needham & Company LLC from $64.00 to $50.00. They now have a “buy” rating on the stock.

ON Stock Down 0.6%

ONON stock traded down $0.37 during midday trading on Tuesday, hitting $59.62. The company’s stock had a trading volume of 3,065,218 shares, compared to its average volume of 4,618,423. The stock has a market cap of $37.54 billion, a price-to-earnings ratio of 138.65, a PEG ratio of 1.02 and a beta of 2.30. The stock’s 50-day moving average price is $46.43 and its 200 day moving average price is $51.84. On Holding AG has a 1 year low of $34.59 and a 1 year high of $64.05.

Institutional Trading of ON

Several hedge funds have recently made changes to their positions in the company. FMR LLC raised its stake in shares of ON by 1.6% during the 4th quarter. FMR LLC now owns 28,875,965 shares of the company’s stock valued at $1,581,537,000 after purchasing an additional 462,738 shares during the period. Alliancebernstein L.P. raised its stake in shares of ON by 13.9% during the 1st quarter. Alliancebernstein L.P. now owns 19,794,811 shares of the company’s stock valued at $869,388,000 after purchasing an additional 2,416,534 shares during the period. Jennison Associates LLC raised its stake in shares of ON by 136.6% during the 1st quarter. Jennison Associates LLC now owns 4,848,438 shares of the company’s stock valued at $212,943,000 after purchasing an additional 2,798,794 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of ON by 1.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,395,611 shares of the company’s stock valued at $149,136,000 after purchasing an additional 34,120 shares during the period. Finally, Norges Bank bought a new stake in shares of ON during the 4th quarter valued at $164,574,000. 36.39% of the stock is currently owned by institutional investors.

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.