On Holding AG (NYSE:ONON) Stock Has Consensus Target Price of $43.56

Posted by George Bondi on Nov 9th, 2026

On Holding AG (NYSE:ONON – Get Free Report) has been given an average rating of “Moderate Buy” by the thirty-one research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, twenty-three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $43.73.

Several analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of ON in a report on Thursday, September 10th. They set an “overweight” rating and a $39.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating on shares of ON in a report on Tuesday, September 22nd. Guggenheim set a $42.00 target price on shares of ON in a research report on Friday, September 11th. Piper Sandler reaffirmed an “overweight” rating and set a $45.00 target price on shares of ON in a report on Thursday, September 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ON from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, October 1st.

View Our Latest Analysis on ON

ON Stock Performance

Shares of ONON opened at $37.37 on Wednesday. ON has a one year low of $26.36 and a one year high of $51.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.83 and a quick ratio of 2.25. The company has a market cap of $23.85 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 0.74 and a beta of 2.05. The firm has a 50-day moving average of $31.50 and a 200-day moving average of $36.51.

ON (NYSE:ONON – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). ON had a return on equity of 22.92% and a net margin of 12.09%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm earned ($0.09) EPS. ON’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts forecast that ON will post 1.50 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Olivier Bernhard bought 65,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was purchased at an average cost of $30.67 per share, for a total transaction of $1,993,550.00. Following the transaction, the insider owned 5,228,184 shares in the company, valued at $160,348,403.28. The trade was a 1.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Caspar Coppetti bought 65,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were bought at an average price of $30.67 per share, with a total value of $1,993,550.00. Following the completion of the transaction, the chief executive officer owned 2,440,855 shares in the company, valued at approximately $74,861,022.85. This trade represents a 2.74% increase in their position. The disclosure for this purchase is available in the SEC filing. 68.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ONON. Wellington Management Group LLP boosted its holdings in shares of ON by 2.3% in the 2nd quarter. Wellington Management Group LLP now owns 2,751,615 shares of the company’s stock valued at $97,462,000 after purchasing an additional 62,404 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of ON by 116.8% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,741,829 shares of the company’s stock valued at $51,571,000 after purchasing an additional 938,285 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of ON by 5.7% during the 1st quarter. Bessemer Group Inc. now owns 1,194,774 shares of the company’s stock worth $40,647,000 after buying an additional 63,932 shares in the last quarter. Eurizon Capital SGR S.p.A. raised its holdings in shares of ON by 159.9% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 931,031 shares of the company’s stock worth $27,568,000 after buying an additional 572,854 shares in the last quarter. Finally, Arnhold LLC lifted its position in shares of ON by 19.0% during the 3rd quarter. Arnhold LLC now owns 465,100 shares of the company’s stock worth $13,772,000 after buying an additional 74,200 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.