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On (ONON) Stock Forecast, Price Target & Predictions

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ONON Stock Forecast

On stock forecast is as follows: an average price target of $53.92 (represents a -5.64% downside from ONON’s last price of $57.14) 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 $53.92 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 $40.00. This represents a potential -5.64% downside from ONON's last price of $57.14.

ONON Analyst Ratings

Buy

According to 25 Wall Street analysts, On's rating consensus is 'Buy'. The analyst rating breakdown for ONON stock is 1 'Strong Buy' (4.00%), 20 'Buy' (80.00%), 4 'Hold' (16.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

On Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 21, 2024Rick PatelRaymond James$63.00$56.1912.12%10.26%
Nov 12, 2024Janine StichterBTIG$64.00$52.6221.63%12.01%
Nov 12, 2024Richard EdwardsGoldman Sachs$57.00$52.628.32%-0.25%
Nov 12, 2024Joseph CivelloTruist Financial$61.00$52.6215.93%6.76%
Nov 06, 2024Sam PoserWilliams Trading$40.00$47.58-15.93%-30.00%
Oct 03, 2024Anna AndreevaPiper Sandler$56.00$49.1813.87%-2.00%
Oct 03, 2024Joseph CivelloTruist Financial$58.00$49.1717.96%1.51%
Sep 23, 2024Ashley WallaceBank of America Securities$55.00$50.488.95%-3.75%
Sep 18, 2024Jim DuffyStifel Nicolaus$59.00$49.2519.80%3.26%
Aug 22, 2024Anna AndreevaPiper Sandler$52.00$43.1920.40%-9.00%
Aug 14, 2024Joseph CivelloTruist Financial$51.00$40.5625.74%-10.75%
Aug 14, 2024Adrienne YihBarclays$47.00$41.2713.88%-17.75%
Aug 13, 2024Jonathan KompRobert W. Baird$50.00$41.6120.16%-12.50%
Aug 13, 2024Tom NikicWedbush$48.00$42.4013.21%-16.00%
Jul 24, 2024Ashley OwensKeyBanc$47.00$40.5215.99%-17.75%
Jun 11, 2024Aneesha ShermanBernstein$50.00$42.7317.01%-12.50%
Jun 07, 2024Cristina FernandezTelsey Advisory$47.00$42.2011.37%-17.75%
May 28, 2024Joseph CivelloTruist Financial$46.00$40.2314.34%-19.50%
May 15, 2024Richard EdwardsGoldman Sachs$41.00$36.4212.58%-28.25%
May 15, 2024Ashley OwensKeyBanc$40.00$36.778.78%-30.00%
May 15, 2024Jonathan KompRobert W. Baird$46.00$36.3026.72%-19.50%
May 15, 2024Cristina FernandezTelsey Advisory$40.00$36.3010.19%-30.00%
May 15, 2024Michael BinettiEvercore ISI$43.00$36.3018.46%-24.75%
May 14, 2024Sam PoserWilliams Trading$33.00$36.30-9.09%-42.25%
May 14, 2024Jim DuffyStifel Nicolaus$41.00$36.3012.95%-28.25%
May 14, 2024Anna AndreevaNeedham$45.00$36.1624.45%-21.25%
May 14, 2024Richard EdwardsGoldman Sachs$36.00$30.6917.30%-37.00%
Apr 01, 2024Adrienne YihBarclays$38.00$35.387.41%-33.50%
Mar 21, 2024Abbie ZvejnieksPiper Sandler$39.00$35.619.52%-31.75%
Mar 13, 2024Michael BinettiEvercore ISI$37.00$33.2811.18%-35.25%
Oct 05, 2023Tom NikicWedbush$36.00$24.2348.58%-37.00%
Sep 20, 2023Anna AndreevaNeedham$40.00$29.8933.80%-30.00%
May 11, 2023Cristina FernándezTelsey Advisory$37.00$33.1211.71%-35.25%
Dec 07, 2022Cristina FernándezTelsey Advisory$30.00$18.0066.67%-47.50%
Nov 25, 2022Alex StratonMorgan Stanley$26.00$18.6139.71%-54.50%
Nov 20, 2022Richard EdwardsGoldman Sachs$28.00$16.9365.39%-51.00%
Aug 16, 2022Jim DuffyStifel Nicolaus$31.00$23.9829.27%-45.75%
Apr 19, 2022Berenberg Bank$31.00$26.0019.25%-45.75%

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 10.26% increase from ONON last price ($57.14).

On Price Target by Period

1M3M12M
# Anlaysts1930
Avg Price Target$63.00$57.00$47.67
Last Closing Price$57.14$57.14$57.14
Upside/Downside10.26%-0.25%-16.57%

In the current month, the average price target of On stock is $63.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 10.26% increase as opposed to On's last price of $57.14. This month's average price target is up 10.53% compared to last quarter, and up 32.16% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 21, 2024Raymond JamesOutperformStrong BuyUpgrade
Nov 13, 2024Cowen & Co.BuyBuyHold
Nov 12, 2024BTIGBuyUpgrade
Nov 12, 2024BTIGBuyUpgrade
Nov 12, 2024Goldman SachsBuyBuyHold
Oct 03, 2024Piper SandlerOverweightOverweightHold
Sep 26, 2024KeyBancOverweightOverweightHold
Sep 23, 2024Bank of America SecuritiesUnderperformNeutralUpgrade
Sep 05, 2024HSBCHoldInitialise
Aug 14, 2024KeyBancOverweightOverweightHold
Aug 14, 2024Morgan StanleyOverweightOverweightHold
Aug 14, 2024William BlairOutperformOutperformHold
Aug 14, 2024BarclaysOverweightOverweightHold
Aug 13, 2024WedbushOutperformOutperformHold
Aug 05, 2024Cowen & Co.BuyBuyHold
Jul 31, 2024Raymond JamesOutperformInitialise
Jul 24, 2024KeyBancOverweightOverweightHold
Jul 02, 2024Goldman SachsBuyBuyHold
Jun 11, 2024BernsteinOutperformInitialise
Jun 07, 2024Telsey AdvisoryOutperformOutperformHold
May 15, 2024KeyBancOverweightOverweightHold
May 15, 2024BarclaysOverweightOverweightHold
May 15, 2024Evercore ISIOutperformOutperformHold
May 14, 2024NeedhamBuyBuyHold
May 14, 2024Goldman SachsBuyBuyHold
May 07, 2024Telsey AdvisoryOutperformOutperformHold
May 06, 2024Morgan StanleyOverweightOverweightHold
May 02, 2024Cowen & Co.BuyBuyHold
Apr 16, 2024William BlairOutperformInitialise
Apr 09, 2024Piper SandlerOverweightOverweightHold
Nov 15, 2023Telsey AdvisoryOutperformOutperformHold
Oct 09, 2023GuggenheimBuyInitialise
Oct 09, 2023BMO CapitalMarket PerformInitialise
Oct 09, 2023BarclaysOverweightInitialise
Oct 09, 2023CitigroupBuyInitialise
Oct 09, 2023JefferiesBuyInitialise
Oct 09, 2023Cowen & Co.OutperformInitialise
Oct 09, 2023Deutsche BankBuyInitialise
Oct 09, 2023Wolfe ResearchPeer PerformInitialise
Oct 09, 2023Loop Capital MarketsBuyInitialise
Oct 05, 2023WedbushOutperformOutperformHold
Sep 20, 2023NeedhamBuyInitialise
Jul 25, 2023KeyBancOverweightInitialise
May 11, 2023Telsey AdvisoryOutperformOutperformHold
Mar 22, 2023Morgan StanleyOverweightOverweightHold
Mar 22, 2023Credit SuisseOutperformOutperformHold
Mar 22, 2023Wells FargoOutperformOutperformHold
Mar 16, 2023Telsey AdvisoryOutperformOutperformHold
Mar 16, 2023WedbushOutperformUpgrade
Dec 07, 2022Telsey AdvisoryOutperformOutperformHold
Nov 20, 2022Goldman SachsBuyUpgrade
Nov 17, 2022Canaccord GenuityHoldInitialise
May 09, 2022Bank of America SecuritiesUnderperformInitialise

On's last stock rating was published by Raymond James on Nov 21, 2024. The company Upgrade its ONON rating from "Outperform" to "Strong Buy".

On Financial Forecast

On Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
Revenue---------------$420.20M$366.80M$328.01M$291.66M$235.68M$191.10M
Avg Forecast$1.02B$1.05B$967.90M$875.38M$835.78M$898.35M$808.55M$735.14M$660.62M$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$1.05B$1.08B$988.37M$893.90M$853.46M$917.36M$825.66M$744.37M$686.75M$744.93M$637.85M$563.02M$563.20M$509.60M$476.75M$426.37M$302.92M$313.94M$250.77M$182.61M$372.83M
Low Forecast$1.00B$1.03B$944.80M$854.49M$815.84M$876.92M$789.26M$720.14M$645.22M$712.09M$609.73M$538.20M$526.93M$487.13M$455.74M$407.57M$289.56M$313.94M$250.77M$182.61M$372.83M
# Analysts7447533912664846453435
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 $455.74M, and a high forecast of $476.75M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
# Analysts7447533912664846453435
EBITDA---------------$58.20M$17.20M$56.26M$37.89M$12.99M$-178.76M
Avg Forecast$7.87M$8.09M$7.43M$6.72M$6.42M$6.90M$6.21M$5.64M$5.07M$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$8.03M$8.26M$7.59M$6.86M$6.55M$7.04M$6.34M$5.71M$5.27M$5.72M$4.90M$4.32M$4.32M$3.91M$3.66M$3.27M$2.33M$7.78M$6.21M$4.53M$9.24M
Low Forecast$7.68M$7.89M$7.25M$6.56M$6.26M$6.73M$6.06M$5.53M$4.95M$5.47M$4.68M$4.13M$4.04M$3.74M$3.50M$3.13M$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 $3.66M and a low of $3.50M. This is -93.84% lower than On's previous annual EBITDA (Mar 23) of $58.20M.

On Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
# Analysts7447533912664846453435
Net Income---------------$44.40M$-26.40M$20.63M$49.15M$14.34M$-186.98M
Avg Forecast$83.95M$103.49M$84.55M$69.80M$75.94M$96.87M$72.96M$61.42M$47.91M$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$86.26M$106.34M$86.88M$71.72M$78.03M$99.54M$74.96M$66.53M$55.10M$66.96M$53.34M$46.93M$51.78M$48.71M$37.92M$31.00M$5.60M$34.15M$9.39M$-26.52M$6.56M
Low Forecast$81.35M$100.28M$81.93M$67.64M$73.58M$93.87M$70.69M$58.86M$40.73M$63.15M$51.85M$46.85M$-6.90M$48.51M$35.76M$29.23M$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 $35.76M to $37.92M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
# Analysts7447533912664846453435
SG&A---------------$202.60M$199.90M$146.72M$134.50M$118.70M$289.27M
Avg Forecast$588.75M$605.22M$556.03M$502.88M$480.14M$516.08M$464.49M$422.32M$379.51M$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$601.21M$618.02M$567.79M$513.52M$490.29M$527.00M$474.32M$427.62M$394.52M$427.94M$366.43M$323.44M$323.54M$292.75M$273.88M$244.94M$174.02M$180.35M$144.06M$104.91M$214.18M
Low Forecast$574.71M$590.77M$542.76M$490.88M$468.68M$503.77M$453.41M$413.70M$370.66M$409.08M$350.28M$309.18M$302.71M$279.85M$261.81M$234.14M$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 $261.81M to $273.88M. The forecast indicates a 32.38% rise compared to ONON last annual SG&A of $202.60M (Mar 23).

On EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
# Analysts7447533912664846453435
EPS---------------$0.14$-0.04$0.07$0.16$0.05$-0.60
Avg Forecast$0.25$0.31$0.25$0.21$0.22$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$0.25$0.31$0.26$0.21$0.23$0.29$0.22$0.20$0.16$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 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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DBIDesigner Brands$5.96$13.33123.66%Hold
CROXCrocs$111.55$145.6430.56%Buy
CALCaleres$23.88$30.0025.63%Hold
NKENIKE$78.00$93.4119.76%Buy
SKXSkechers U.$68.29$79.8016.85%Buy
RCKYRocky Brands$23.38$25.006.93%Hold
SHOOSteven Madden$43.26$42.50-1.76%Hold
ONONOn$56.64$53.92-4.80%Buy
DECKDeckers Outdoor$210.37$190.45-9.47%Buy
WWWWolverine World Wide$23.16$19.14-17.36%Buy

ONON Forecast FAQ

Is On a good buy?

Yes, according to 25 Wall Street analysts, On (ONON) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 20 'Buy' recommendations, accounting for 84.00% of ONON's total ratings.

What is ONON's price target?

On (ONON) average price target is $53.92 with a range of $40 to $64, implying a -5.64% from its last price of $57.14. The data is based on 25 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will On stock go up soon?

According to Wall Street analysts' prediction for ONON stock, the company can go down by -5.64% (from the last price of $57.14 to the average price target of $53.92), up by 12.01% based on the highest stock price target, and down by -30.00% based on the lowest stock price target.

Can On stock reach $90?

ONON's average twelve months analyst stock price target of $53.92 does not support the claim that On can reach $90 in the near future.

What is On's current price target trend?

1 Wall Street analyst forecast a $63 price target for On (ONON) this month, up 10.26% from its last price of $57.14. Compared to the last 3 and 12 months, the average price target decreased by -0.25% and decreased by -16.57%, respectively.

What are On's analysts' financial forecasts?

On's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.28B (high $3.34B, low $3.2B), average EBITDA is $25.16M (high $25.64M, low $24.58M), average net income is $307.18M (high $319.06M, low $297M), average SG&A $1.88B (high $1.92B, low $1.84B), and average EPS is $0.906 (high $0.941, low $0.876). ONON's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.92B (high $4B, low $3.83B), average EBITDA is $30.1M (high $30.74M, low $29.38M), average net income is $341.8M (high $351.19M, low $331.2M), average SG&A $2.25B (high $2.3B, low $2.2B), and average EPS is $1.01 (high $1.04, low $0.977).

Did the ONON's actual financial results beat the analysts' financial forecasts?

Based on On's last annual report (Dec 2022), the company's revenue was $1.22B, beating the average analysts forecast of $1.04B by 17.06%. Apple's EBITDA was $137.2M, beating the average prediction of $20.8M by 559.75%. The company's net income was $57.7M, beating the average estimation of $22.47M by 156.82%. Apple's SG&A was $599.8M, beating the average forecast of $599.73M by 0.01%. Lastly, the company's EPS was $0.18, beating the average prediction of $0.0681 by 164.42%. In terms of the last quarterly report (Mar 2023), On's revenue was $420.2M, beating the average analysts' forecast of $417.54M by 0.64%. The company's EBITDA was $58.2M, beating the average prediction of $3.2M by 1716.03%. On's net income was $44.4M, beating the average estimation of $30.17M by 47.18%. The company's SG&A was $202.6M, missing the average forecast of $239.86M by -15.54%. Lastly, the company's EPS was $0.14, beating the average prediction of $0.089 by 57.27%