On (ONON) Stock Forecast, Price Target & Predictions
ONON Stock Forecast
On stock forecast is as follows: an average price target of $54.55 (represents a -13.47% downside from ONON’s last price of $63.04) and a rating consensus of 'Buy', based on 26 wall street analysts offering a 1-year stock forecast.
ONON Price Target
The average price target for On (ONON) is $54.55 based on 1-year price targets from 26 Wall Street analysts in the past 3 months, with a price target range of $64.00 to $40.00. This represents a potential -13.47% downside from ONON's last price of $63.04.
ONON Analyst Ratings
According to 26 Wall Street analysts, On's rating consensus is 'Buy'. The analyst rating breakdown for ONON stock is 1 'Strong Buy' (3.85%), 20 'Buy' (76.92%), 5 'Hold' (19.23%), 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 21, 2024 | Rick Patel | Raymond James | $63.00 | $56.19 | 12.12% | -0.06% |
| Nov 12, 2024 | Janine Stichter | BTIG | $64.00 | $52.62 | 21.63% | 1.52% |
| Nov 12, 2024 | Richard Edwards | Goldman Sachs | $57.00 | $52.62 | 8.32% | -9.58% |
| Nov 12, 2024 | Joseph Civello | Truist Financial | $61.00 | $52.62 | 15.93% | -3.24% |
| Nov 06, 2024 | Sam Poser | Williams Trading | $40.00 | $47.58 | -15.93% | -36.55% |
| Oct 03, 2024 | Anna Andreeva | Piper Sandler | $56.00 | $49.18 | 13.87% | -11.17% |
| Oct 03, 2024 | Joseph Civello | Truist Financial | $58.00 | $49.17 | 17.96% | -7.99% |
| Sep 23, 2024 | Ashley Wallace | Bank of America Securities | $55.00 | $50.48 | 8.95% | -12.75% |
| Sep 18, 2024 | Jim Duffy | Stifel Nicolaus | $59.00 | $49.25 | 19.80% | -6.41% |
| Aug 22, 2024 | Anna Andreeva | Piper Sandler | $52.00 | $43.19 | 20.40% | -17.51% |
| Aug 14, 2024 | Joseph Civello | Truist Financial | $51.00 | $40.56 | 25.74% | -19.10% |
| Aug 14, 2024 | Adrienne Yih | Barclays | $47.00 | $41.27 | 13.88% | -25.44% |
| Aug 13, 2024 | Jonathan Komp | Robert W. Baird | $50.00 | $41.61 | 20.16% | -20.69% |
| Aug 13, 2024 | Tom Nikic | Wedbush | $48.00 | $42.40 | 13.21% | -23.86% |
| Jul 24, 2024 | Ashley Owens | KeyBanc | $47.00 | $40.52 | 15.99% | -25.44% |
| Jun 11, 2024 | Aneesha Sherman | Bernstein | $50.00 | $42.73 | 17.01% | -20.69% |
| Jun 07, 2024 | Cristina Fernandez | Telsey Advisory | $47.00 | $42.20 | 11.37% | -25.44% |
| May 28, 2024 | Joseph Civello | Truist Financial | $46.00 | $40.23 | 14.34% | -27.03% |
| May 15, 2024 | Richard Edwards | Goldman Sachs | $41.00 | $36.42 | 12.58% | -34.96% |
| May 15, 2024 | Ashley Owens | KeyBanc | $40.00 | $36.77 | 8.78% | -36.55% |
| May 15, 2024 | Jonathan Komp | Robert W. Baird | $46.00 | $36.30 | 26.72% | -27.03% |
| May 15, 2024 | Cristina Fernandez | Telsey Advisory | $40.00 | $36.30 | 10.19% | -36.55% |
| May 15, 2024 | Michael Binetti | Evercore ISI | $43.00 | $36.30 | 18.46% | -31.79% |
| May 14, 2024 | Sam Poser | Williams Trading | $33.00 | $36.30 | -9.09% | -47.65% |
| May 14, 2024 | Jim Duffy | Stifel Nicolaus | $41.00 | $36.30 | 12.95% | -34.96% |
| May 14, 2024 | Anna Andreeva | Needham | $45.00 | $36.16 | 24.45% | -28.62% |
| May 14, 2024 | Richard Edwards | Goldman Sachs | $36.00 | $30.69 | 17.30% | -42.89% |
| Apr 01, 2024 | Adrienne Yih | Barclays | $38.00 | $35.38 | 7.41% | -39.72% |
| Mar 21, 2024 | Abbie Zvejnieks | Piper Sandler | $39.00 | $35.61 | 9.52% | -38.13% |
| Mar 13, 2024 | Michael Binetti | Evercore ISI | $37.00 | $33.28 | 11.18% | -41.31% |
| Oct 05, 2023 | Tom Nikic | Wedbush | $36.00 | $24.23 | 48.58% | -42.89% |
| Sep 20, 2023 | Anna Andreeva | Needham | $40.00 | $29.89 | 33.80% | -36.55% |
| May 11, 2023 | Cristina Fernández | Telsey Advisory | $37.00 | $33.12 | 11.71% | -41.31% |
| Dec 07, 2022 | Cristina Fernández | Telsey Advisory | $30.00 | $18.00 | 66.67% | -52.41% |
| Nov 25, 2022 | Alex Straton | Morgan Stanley | $26.00 | $18.61 | 39.71% | -58.76% |
| Nov 20, 2022 | Richard Edwards | Goldman Sachs | $28.00 | $16.93 | 65.39% | -55.58% |
| Aug 16, 2022 | Jim Duffy | Stifel Nicolaus | $31.00 | $23.98 | 29.27% | -50.82% |
| Apr 19, 2022 | Berenberg Bank | $31.00 | $26.00 | 19.25% | -50.82% |
The latest On stock forecast, released on Nov 21, 2024 by Rick Patel from Raymond James, set a price target of $63.00, which represents a 12.12% increase from the stock price at the time of the forecast ($56.19), and a -0.06% decrease from ONON last price ($63.04).
On Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 30 |
| Avg Price Target | - | $57.00 | $47.67 |
| Last Closing Price | $63.04 | $63.04 | $63.04 |
| Upside/Downside | -100.00% | -9.58% | -24.38% |
In the current month, the average price target of On stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to On's last price of $63.04. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jan 10, 2025 | UBS | Buy | Buy | Hold |
| Jan 08, 2025 | Cowen & Co. | Buy | Buy | Hold |
| Jan 07, 2025 | Bernstein | Outperform | Outperform | Hold |
| Dec 18, 2024 | Citigroup | Buy | Neutral | Initialise |
| Nov 21, 2024 | Raymond James | Outperform | Strong Buy | Upgrade |
| Nov 13, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Nov 12, 2024 | BTIG | Buy | Upgrade | |
| Nov 12, 2024 | BTIG | Buy | Upgrade | |
| Nov 12, 2024 | Goldman Sachs | Buy | Buy | Hold |
| 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 |
| Aug 05, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jul 31, 2024 | Raymond James | Outperform | Initialise | |
| Jul 24, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Jul 02, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Jun 11, 2024 | Bernstein | Outperform | Initialise | |
| Jun 07, 2024 | Telsey Advisory | Outperform | Outperform | Hold |
| May 15, 2024 | KeyBanc | Overweight | Overweight | Hold |
| May 15, 2024 | Barclays | Overweight | Overweight | Hold |
| May 15, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| May 14, 2024 | Needham | Buy | Buy | Hold |
| May 14, 2024 | Goldman Sachs | Buy | Buy | Hold |
| May 07, 2024 | Telsey Advisory | Outperform | Outperform | Hold |
| May 06, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| May 02, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Apr 16, 2024 | William Blair | Outperform | Initialise | |
| Apr 09, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Nov 15, 2023 | Telsey Advisory | Outperform | Outperform | Hold |
| Oct 09, 2023 | Citigroup | Buy | Initialise | |
| Oct 09, 2023 | Barclays | Overweight | Initialise | |
| Oct 09, 2023 | BMO Capital | Market Perform | Initialise | |
| Oct 09, 2023 | Deutsche Bank | Buy | Initialise | |
| Oct 09, 2023 | Jefferies | Buy | Initialise | |
| Oct 09, 2023 | Cowen & Co. | Outperform | Initialise | |
| Oct 09, 2023 | Guggenheim | Buy | Initialise | |
| Oct 09, 2023 | Wolfe Research | Peer Perform | Initialise | |
| Oct 09, 2023 | Loop Capital Markets | Buy | Initialise | |
| Oct 05, 2023 | Wedbush | Outperform | Outperform | Hold |
| Sep 20, 2023 | Needham | Buy | Initialise | |
| Jul 25, 2023 | KeyBanc | Overweight | Initialise | |
| May 11, 2023 | Telsey Advisory | Outperform | Outperform | Hold |
| Mar 22, 2023 | Credit Suisse | Outperform | Outperform | Hold |
| Mar 22, 2023 | Morgan Stanley | Overweight | Overweight | Hold |
| Mar 22, 2023 | Wells Fargo | Outperform | Outperform | Hold |
| Mar 16, 2023 | Telsey Advisory | Outperform | Outperform | Hold |
| Mar 16, 2023 | Wedbush | Outperform | Upgrade | |
| Dec 07, 2022 | Telsey Advisory | Outperform | Outperform | Hold |
| Nov 20, 2022 | Goldman Sachs | Buy | Upgrade | |
| Nov 17, 2022 | Canaccord Genuity | Hold | Initialise | |
| May 09, 2022 | Bank of America Securities | Underperform | Initialise |
On's last stock rating was published by UBS on Jan 10, 2025. The company gave ONON a "Buy" rating, the same as its previous rate.
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 | $1.02B | $1.05B | $963.84M | $876.66M | $831.39M | $896.44M | $805.46M | $732.02M | $652.80M | $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 | $1.04B | $1.08B | $987.69M | $898.36M | $851.97M | $918.63M | $825.39M | $743.04M | $682.53M | $747.56M | $640.10M | $565.00M | $563.20M | $511.39M | $478.43M | $427.87M | $303.01M | $313.94M | $250.77M | $182.61M | $372.83M |
| Low Forecast | $990.09M | $1.03B | $939.42M | $854.45M | $810.33M | $873.73M | $785.05M | $718.86M | $633.32M | $711.02M | $608.81M | $537.39M | $526.93M | $486.40M | $455.05M | $406.96M | $289.57M | $313.94M | $250.77M | $182.61M | $372.83M |
| # Analysts | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 10 | 13 | 8 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 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 6 analysts is $466.88M, with a low forecast of $455.05M, and a high forecast of $478.43M. 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 | 5 | 5 | 5 | 4 | 4 | 4 | 10 | 13 | 8 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 4 | 3 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $58.20M | $17.20M | $56.26M | $37.89M | $12.99M | $-178.76M |
| Avg Forecast | $7.80M | $8.09M | $7.40M | $6.73M | $6.38M | $6.88M | $6.18M | $5.62M | $5.01M | $5.60M | $4.79M | $4.23M | $4.14M | $3.83M | $3.58M | $3.20M | $2.28M | $7.78M | $6.21M | $4.53M | $9.24M |
| High Forecast | $7.99M | $8.29M | $7.58M | $6.90M | $6.54M | $7.05M | $6.34M | $5.70M | $5.24M | $5.74M | $4.91M | $4.34M | $4.32M | $3.93M | $3.67M | $3.28M | $2.33M | $7.78M | $6.21M | $4.53M | $9.24M |
| Low Forecast | $7.60M | $7.89M | $7.21M | $6.56M | $6.22M | $6.71M | $6.03M | $5.52M | $4.86M | $5.46M | $4.67M | $4.12M | $4.04M | $3.73M | $3.49M | $3.12M | $2.22M | $7.78M | $6.21M | $4.53M | $9.24M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18.16% | 7.55% | 7.23% | 6.10% | 2.87% | -19.35% |
6 analysts predict ONON's average Quarter EBITDA for Jun 23 to be $3.58M, with a high of $3.67M and a low of $3.49M. This is -93.84% 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 | 5 | 5 | 5 | 4 | 4 | 4 | 10 | 13 | 8 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 4 | 3 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $44.40M | $-26.40M | $20.63M | $49.15M | $14.34M | $-186.98M |
| Avg Forecast | $101.16M | $116.11M | $95.75M | $80.55M | $80.06M | $103.88M | $76.54M | $65.53M | $52.99M | $65.16M | $52.59M | $46.89M | $37.97M | $48.61M | $36.91M | $30.17M | $5.45M | $34.15M | $9.39M | $-26.52M | $6.56M |
| High Forecast | $104.41M | $119.84M | $98.83M | $83.14M | $82.63M | $107.22M | $79.00M | $70.99M | $64.14M | $67.26M | $53.34M | $46.93M | $51.78M | $48.71M | $38.09M | $31.14M | $5.60M | $34.15M | $9.39M | $-26.52M | $6.56M |
| Low Forecast | $97.83M | $112.29M | $92.60M | $77.89M | $77.42M | $100.46M | $74.02M | $62.80M | $47.41M | $63.02M | $51.85M | $46.85M | $-6.90M | $48.51M | $35.69M | $29.17M | $5.28M | $34.15M | $9.39M | $-26.52M | $6.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.47% | -4.84% | 0.60% | 5.24% | -0.54% | -28.51% |
On's average Quarter net income forecast for Jun 23 is $36.91M, with a range of $35.69M to $38.09M. ONON's average Quarter net income forecast represents a -16.88% 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 | 5 | 5 | 5 | 4 | 4 | 4 | 10 | 13 | 8 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 4 | 3 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $202.60M | $199.90M | $146.72M | $134.50M | $118.70M | $289.27M |
| Avg Forecast | $583.56M | $605.71M | $553.70M | $503.62M | $477.61M | $514.98M | $462.71M | $420.52M | $375.02M | $419.08M | $358.84M | $316.74M | $309.68M | $286.69M | $268.21M | $239.86M | $170.41M | $180.35M | $144.06M | $104.91M | $214.18M |
| High Forecast | $598.00M | $620.70M | $567.40M | $516.08M | $489.43M | $527.73M | $474.17M | $426.86M | $392.10M | $429.45M | $367.72M | $324.58M | $323.54M | $293.78M | $274.85M | $245.80M | $174.07M | $180.35M | $144.06M | $104.91M | $214.18M |
| Low Forecast | $568.78M | $590.36M | $539.67M | $490.86M | $465.51M | $501.93M | $450.99M | $412.96M | $363.82M | $408.46M | $349.75M | $308.71M | $302.71M | $279.42M | $261.41M | $233.79M | $166.35M | $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 $268.21M, based on 6 Wall Street analysts, with a range of $261.41M to $274.85M. The forecast indicates a 32.38% 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 | 5 | 5 | 5 | 4 | 4 | 4 | 10 | 13 | 8 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 4 | 3 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.14 | $-0.04 | $0.07 | $0.16 | $0.05 | $-0.60 |
| Avg Forecast | $0.30 | $0.34 | $0.28 | $0.24 | $0.24 | $0.31 | $0.23 | $0.19 | $0.16 | $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 | $0.31 | $0.35 | $0.29 | $0.25 | $0.24 | $0.32 | $0.23 | $0.21 | $0.19 | $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 | $0.29 | $0.33 | $0.27 | $0.23 | $0.23 | $0.30 | $0.22 | $0.19 | $0.14 | $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 6 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 |
|---|---|---|---|---|---|
| DBI | Designer Brands | $5.06 | $13.33 | 163.44% | Hold |
| CAL | Caleres | $19.04 | $30.00 | 57.56% | Hold |
| CROX | Crocs | $104.77 | $145.60 | 38.97% | Buy |
| NKE | NIKE | $76.58 | $92.44 | 20.71% | Buy |
| SHOO | Steven Madden | $41.32 | $42.50 | 2.86% | Hold |
| SKX | Skechers U. | $76.73 | $78.50 | 2.31% | Buy |
| RCKY | Rocky Brands | $25.65 | $25.00 | -2.53% | Hold |
| DECK | Deckers Outdoor | $218.90 | $200.50 | -8.41% | Buy |
| ONON | On | $63.04 | $54.55 | -13.47% | Buy |
| WWW | Wolverine World Wide | $23.12 | $19.60 | -15.22% | Buy |