On (ONON) Stock Forecast, Price Target & Predictions
ONON Stock Forecast
On stock forecast is as follows: an average price target of $48.59 (represents a -13.53% downside from ONON’s last price of $56.19) and a rating consensus of 'Buy', based on 25 wall street analysts offering a 1-year stock forecast.
ONON Price Target
The average price target for On (ONON) is $48.59 based on 1-year price targets from 25 Wall Street analysts in the past 3 months, with a price target range of $64.00 to $26.00. This represents a potential -13.53% downside from ONON's last price of $56.19.
ONON Analyst Ratings
According to 25 Wall Street analysts, On's rating consensus is 'Buy'. The analyst rating breakdown for ONON stock is 0 'Strong Buy' (0.00%), 21 'Buy' (84.00%), 4 'Hold' (16.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
On Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 12, 2024 | Janine Stichter | BTIG | - | - | 21.63% | 13.90% |
| Nov 12, 2024 | Richard Edwards | Goldman Sachs | - | - | 8.32% | 1.44% |
| Nov 12, 2024 | Joseph Civello | Truist Financial | - | - | 15.93% | 8.56% |
| Nov 06, 2024 | Sam Poser | Williams Trading | - | - | -15.93% | -28.81% |
| Oct 03, 2024 | Anna Andreeva | Piper Sandler | - | - | 13.87% | -0.34% |
| Oct 03, 2024 | Joseph Civello | Truist Financial | - | - | 17.96% | 3.22% |
| Sep 23, 2024 | Ashley Wallace | Bank of America Securities | - | - | 8.95% | -2.12% |
| Sep 18, 2024 | Jim Duffy | Stifel Nicolaus | - | - | 19.80% | 5.00% |
| Aug 22, 2024 | Anna Andreeva | Piper Sandler | - | - | 20.40% | -7.46% |
| Aug 14, 2024 | Joseph Civello | Truist Financial | - | - | 25.74% | -9.24% |
The latest On stock forecast, released on Nov 12, 2024 by Janine Stichter from BTIG, set a price target of $64.00, which represents a 21.63% increase from the stock price at the time of the forecast ($52.62), and a 13.90% increase from ONON last price ($56.19).
On Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 4 | 9 | 29 |
| Avg Price Target | $55.50 | $55.78 | $47.14 |
| Last Closing Price | $56.19 | $56.19 | $56.19 |
| Upside/Downside | -1.23% | -0.73% | -16.11% |
In the current month, the average price target of On stock is $55.50, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a -1.23% decrease as opposed to On's last price of $56.19. This month's average price target is down -0.50% compared to last quarter, and up 17.73% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 12, 2024 | BTIG | Buy | Upgrade | |
| Oct 03, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Sep 26, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Sep 23, 2024 | Bank of America Securities | Underperform | Neutral | Upgrade |
| Sep 05, 2024 | HSBC | Hold | Initialise | |
| Aug 14, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Aug 14, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Aug 14, 2024 | William Blair | Outperform | Outperform | Hold |
| Aug 14, 2024 | Barclays | Overweight | Overweight | Hold |
| Aug 13, 2024 | Wedbush | Outperform | Outperform | Hold |
On's last stock rating was published by BTIG on Nov 12, 2024. The company Upgrade its ONON rating from "null" to "Buy".
On Financial Forecast
On Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $420.20M | $366.80M | $328.01M | $291.66M | $235.68M | $191.10M |
| Avg Forecast | $1.03B | $1.06B | $972.52M | $879.57M | $842.48M | $902.20M | $814.20M | $739.11M | $664.38M | $729.50M | $624.64M | $551.36M | $539.06M | $499.04M | $466.88M | $417.54M | $296.64M | $313.94M | $250.77M | $182.61M | $372.83M |
| High Forecast | $1.06B | $1.09B | $1.00B | $907.25M | $868.99M | $930.59M | $839.83M | $748.40M | $706.50M | $752.46M | $644.30M | $568.71M | $563.20M | $514.75M | $481.57M | $430.68M | $305.98M | $313.94M | $250.77M | $182.61M | $372.83M |
| Low Forecast | $1.00B | $1.03B | $948.25M | $857.61M | $821.45M | $879.68M | $793.88M | $724.04M | $646.95M | $711.30M | $609.05M | $537.59M | $526.93M | $486.59M | $455.22M | $407.12M | $289.24M | $313.94M | $250.77M | $182.61M | $372.83M |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 11 | 5 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.24% | 1.04% | 1.16% | 1.29% | 0.51% |
On's average Quarter revenue forecast for Jun 23 based on 5 analysts is $466.88M, with a low forecast of $455.22M, and a high forecast of $481.57M. ONON's average Quarter revenue forecast represents a 11.11% increase compared to the company's last Quarter revenue of $420.20M (Mar 23).
On EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 11 | 5 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $58.20M | $17.20M | $56.26M | $37.89M | $12.99M | $-178.76M |
| Avg Forecast | $18.10M | $18.61M | $17.09M | $15.46M | $14.81M | $15.86M | $14.31M | $12.99M | $11.68M | $12.82M | $10.98M | $9.69M | $9.48M | $8.77M | $8.21M | $7.34M | $5.21M | $7.78M | $6.21M | $4.53M | $9.24M |
| High Forecast | $18.67M | $19.19M | $17.63M | $15.95M | $15.27M | $16.36M | $14.76M | $13.15M | $12.42M | $13.23M | $11.32M | $10.00M | $9.90M | $9.05M | $8.46M | $7.57M | $5.38M | $7.78M | $6.21M | $4.53M | $9.24M |
| Low Forecast | $17.65M | $18.14M | $16.67M | $15.07M | $14.44M | $15.46M | $13.95M | $12.73M | $11.37M | $12.50M | $10.71M | $9.45M | $9.26M | $8.55M | $8.00M | $7.16M | $5.08M | $7.78M | $6.21M | $4.53M | $9.24M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.93% | 3.30% | 7.23% | 6.10% | 2.87% | -19.35% |
5 analysts predict ONON's average Quarter EBITDA for Jun 23 to be $8.21M, with a high of $8.46M and a low of $8.00M. This is -85.90% lower than On's previous annual EBITDA (Mar 23) of $58.20M.
On Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 11 | 5 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $44.40M | $-26.40M | $20.63M | $49.15M | $14.34M | $-186.98M |
| Avg Forecast | $81.47M | $100.43M | $82.05M | $67.74M | $75.06M | $93.98M | $72.06M | $60.37M | $46.65M | $62.94M | $50.79M | $45.29M | $36.67M | $46.95M | $35.64M | $29.14M | $5.26M | $34.15M | $9.39M | $-26.52M | $6.56M |
| High Forecast | $84.80M | $104.54M | $85.41M | $70.51M | $78.13M | $97.82M | $75.01M | $68.24M | $48.87M | $65.51M | $51.51M | $45.33M | $50.01M | $47.04M | $37.10M | $30.33M | $5.48M | $34.15M | $9.39M | $-26.52M | $6.56M |
| Low Forecast | $78.82M | $97.17M | $79.39M | $65.54M | $72.63M | $90.93M | $69.72M | $55.12M | $37.76M | $60.89M | $50.08M | $45.25M | $-6.67M | $46.85M | $34.49M | $28.19M | $5.09M | $34.15M | $9.39M | $-26.52M | $6.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.52% | -5.02% | 0.60% | 5.24% | -0.54% | -28.51% |
On's average Quarter net income forecast for Jun 23 is $35.64M, with a range of $34.49M to $37.10M. ONON's average Quarter net income forecast represents a -19.72% decrease compared to the company's last Quarter net income of $44.40M (Mar 23).
On SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 11 | 5 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $202.60M | $199.90M | $146.72M | $134.50M | $118.70M | $289.27M |
| Avg Forecast | $591.63M | $608.17M | $558.74M | $505.34M | $484.03M | $518.34M | $467.78M | $424.64M | $381.71M | $419.12M | $358.87M | $316.77M | $309.71M | $286.71M | $268.23M | $239.89M | $170.43M | $180.35M | $144.06M | $104.91M | $214.18M |
| High Forecast | $610.24M | $627.31M | $576.33M | $521.24M | $499.26M | $534.65M | $482.51M | $429.98M | $405.90M | $432.31M | $370.17M | $326.74M | $323.57M | $295.74M | $276.68M | $247.44M | $175.79M | $180.35M | $144.06M | $104.91M | $214.18M |
| Low Forecast | $576.86M | $592.99M | $544.80M | $492.72M | $471.95M | $505.40M | $456.11M | $415.98M | $371.69M | $408.66M | $349.92M | $308.86M | $302.74M | $279.56M | $261.54M | $233.90M | $166.17M | $180.35M | $144.06M | $104.91M | $214.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 1.17% | 0.81% | 0.93% | 1.13% | 1.35% |
On's average Quarter SG&A projection for Jun 23 is $268.23M, based on 5 Wall Street analysts, with a range of $261.54M to $276.68M. The forecast indicates a 32.40% rise compared to ONON last annual SG&A of $202.60M (Mar 23).
On EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 11 | 5 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.14 | $-0.04 | $0.07 | $0.16 | $0.05 | $-0.60 |
| Avg Forecast | $0.25 | $0.31 | $0.25 | $0.21 | $0.23 | $0.29 | $0.22 | $0.18 | $0.14 | $0.19 | $0.16 | $0.14 | $0.11 | $0.14 | $0.11 | $0.09 | $0.02 | $0.10 | $0.03 | $-0.08 | $0.02 |
| High Forecast | $0.26 | $0.32 | $0.26 | $0.22 | $0.24 | $0.30 | $0.23 | $0.21 | $0.15 | $0.20 | $0.16 | $0.14 | $0.15 | $0.14 | $0.11 | $0.09 | $0.02 | $0.10 | $0.03 | $-0.08 | $0.02 |
| Low Forecast | $0.24 | $0.30 | $0.24 | $0.20 | $0.22 | $0.28 | $0.21 | $0.17 | $0.12 | $0.19 | $0.15 | $0.14 | $-0.02 | $0.14 | $0.11 | $0.09 | $0.02 | $0.10 | $0.03 | $-0.08 | $0.02 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.57% | -2.61% | 0.67% | 5.58% | -0.62% | -29.94% |
According to 5 Wall Street analysts, On's projected average Quarter EPS for Jun 23 is $0.11, with a low estimate of $0.11 and a high estimate of $0.11. This represents a -22.21% decrease compared to ONON previous annual EPS of $0.14 (Mar 23).
On Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DECK | Deckers Outdoor | - | - | 339.47% | Buy |
| DBI | Designer Brands | - | - | 172.60% | Hold |
| RCKY | Rocky Brands | - | - | 108.03% | Hold |
| CROX | Crocs | - | - | 46.27% | Buy |
| NKE | NIKE | - | - | 41.15% | Buy |
| SKX | Skechers U. | - | - | 18.14% | Buy |
| SHOO | Steven Madden | - | - | 4.16% | Hold |
| CAL | Caleres | - | - | 3.97% | Hold |
| WWW | Wolverine World Wide | - | - | -9.97% | Buy |
| ONON | On | - | - | -13.53% | Buy |