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On (ONON) Stock Forecast, Price Target & Predictions

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ONON Stock Forecast

On (ONON) stock forecast, based on 26 Wall Street analysts, predicts a 12-month average price target of $55.15, with a high of $85.00 and a low of $42.00. This represents a 40.72% increase from the last price of $39.19.

$25 $37 $49 $61 $73 $85 High: $85 Avg: $55.15 Low: $42 Last Closed Price: $39.19

ONON Stock Rating

On stock's rating consensus is Buy, based on 26 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 20 Buy (76.92%), 5 Hold (19.23%), 1 Sell (3.85%), and 0 Strong Sell (0.00%).

Buy
Total 26 1 5 20 Strong Sell Sell Hold Buy Strong Buy

ONON Price Target Upside V Benchmarks

TypeNameUpside
StockOn40.72%
SectorConsumer Cyclical Stocks 12.30%
IndustryApparel Retail Stocks23.31%

Price Target Trends

1M3M12M
# Anlaysts51126
Avg Price Target$47.80$51.55$55.19
Last Closing Price$39.19$39.19$39.19
Upside/Downside21.97%31.54%40.83%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
May, 2641841-27
Apr, 2651741-27
Mar, 2651841-28
Feb, 2651731-26
Jan, 2641831-26
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 13, 2026Telsey Advisory$51.00$35.1844.97%30.14%
May 13, 2026Barclays$46.00$33.8335.97%17.38%
May 12, 2026Evercore ISI$42.00$33.8324.15%7.17%
May 12, 2026Joseph CivelloTruist Financial$48.00$33.8441.84%22.48%
Apr 23, 2026Strong BuyRaymond James$52.00$36.6042.08%32.69%
Mar 27, 2026Michael BinettiEvercore ISI$45.00$32.3938.93%14.83%
Mar 03, 2026Joseph CivelloTruist Financial$55.00$43.9125.26%40.34%
Mar 03, 2026Peter McGoldrickStifel Nicolaus$58.00$43.9132.09%48.00%
Mar 03, 2026Michael BinettiEvercore ISI$58.00$43.9132.09%48.00%
Feb 26, 2026Tom NikicNeedham$52.00$46.6511.47%32.69%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Apr 23, 2026Raymond JamesOutperformStrong Buyupgrade
Mar 27, 2026Evercore ISIOutperformOutperformhold
Mar 04, 2026KeyBancOverweightOverweighthold
Mar 04, 2026BernsteinOutperformOutperformhold
Mar 03, 2026Evercore ISIOutperformOutperformhold
Mar 03, 2026BTIGBuyBuyhold
Feb 26, 2026NeedhamBuyBuyhold
Feb 19, 2026UBSBuyBuyhold
Jan 22, 2026KeyBancOverweightOverweighthold
Jan 19, 2026Goldman SachsBuyBuyupgrade

Financial Forecast

EPS Forecast

Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.34$0.18$0.23-----
Avg Forecast$-0.20$0.28$0.49$0.82$0.92$1.23$1.80$2.34
High Forecast$-0.19$0.29$0.53$0.91$1.04$1.62$1.87$2.44
Low Forecast$-0.20$0.27$0.38$0.70$0.84$0.93$1.74$2.27
Surprise %70.00%-35.71%-53.06%-----

Revenue Forecast

$500M $2B $3B $4B $5B $7B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$724.59M$1.22B$1.68B-----
Avg Forecast$781.05M$1.22B$2.14B$2.54B$3.23B$3.99B$5.00B$6.05B
High Forecast$805.06M$1.26B$2.21B$2.58B$3.29B$4.15B$5.17B$6.24B
Low Forecast$766.36M$1.20B$2.07B$2.48B$3.14B$3.82B$4.84B$5.89B
Surprise %-7.23%-0.10%-21.36%-----

Net Income Forecast

$-200M $0 $200M $400M $600M $800M Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-170.23M$57.70M$79.60M-----
Avg Forecast$-63.18M$90.35M$147.51M$259.23M$303.34M$346.53M$583.73M$757.65M
High Forecast$-61.64M$93.47M$171.11M$292.92M$334.99M$524.71M$605.46M$788.81M
Low Forecast$-65.71M$88.36M$123.91M$225.55M$271.68M$299.47M$562.01M$732.19M
Surprise %169.43%-36.14%-46.04%-----

ONON Forecast FAQ

Is On stock a buy?

On stock has a consensus rating of Buy, based on 26 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 20 Buy, 5 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that On is a favorable investment for most analysts.

What is On's price target?

On's price target, set by 26 Wall Street analysts, averages $55.15 over the next 12 months. The price target range spans from $42 at the low end to $85 at the high end, suggesting a potential 40.72% change from the previous closing price of $39.19.

How does On stock forecast compare to its benchmarks?

On's stock forecast shows a 40.72% upside, outperforming the average forecast for the consumer cyclical stocks sector (12.30%) and outperforming the apparel retail stocks industry (23.31%).

What is the breakdown of analyst ratings for On over the past three months?

  • May 2026: 14.81% Strong Buy, 66.67% Buy, 14.81% Hold, 3.70% Sell, 0% Strong Sell.
  • April 2026: 18.52% Strong Buy, 62.96% Buy, 14.81% Hold, 3.70% Sell, 0% Strong Sell.
  • March 2026: 17.86% Strong Buy, 64.29% Buy, 14.29% Hold, 3.57% Sell, 0% Strong Sell.

What is On’s EPS forecast?

On's average annual EPS forecast for its fiscal year ending in December 2024 is $0.82, marking a 256.52% increase from the reported $0.23 in 2023. Estimates for the following years are $0.92 in 2025, $1.23 in 2026, $1.8 in 2027, and $2.34 in 2028.

What is On’s revenue forecast?

On's average annual revenue forecast for its fiscal year ending in December 2024 is $2.54B, reflecting a 51.15% increase from the reported $1.68B in 2023. The forecast for 2025 is $3.23B, followed by $3.99B for 2026, $5B for 2027, and $6.05B for 2028.

What is On’s net income forecast?

On's net income forecast for the fiscal year ending in December 2024 stands at $259.23M, representing an 225.67% increase from the reported $79.6M in 2023. Projections indicate $303.34M in 2025, $346.53M in 2026, $583.73M in 2027, and $757.65M in 2028.