On (ONON) Stock Forecast, Price Target & Predictions
ONON Stock Forecast
On stock forecast is as follows: an average price target of $43.47 (represents a -11.74% downside from ONON’s last price of $49.25) and a rating consensus of 'Buy', based on 23 wall street analysts offering a 1-year stock forecast.
ONON Price Target
The average price target for On (ONON) is $43.47 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $52.00 to $26.00. This represents a potential -11.74% downside from ONON's last price of $49.25.
ONON Analyst Ratings
According to 23 Wall Street analysts, On's rating consensus is 'Buy'. The analyst rating breakdown for ONON stock is 0 'Strong Buy' (0.00%), 20 'Buy' (86.96%), 3 'Hold' (13.04%), 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 |
|---|---|---|---|---|---|---|
| Aug 22, 2024 | Anna Andreeva | Piper Sandler | $52.00 | $43.19 | 20.40% | 5.58% |
| Aug 14, 2024 | Joseph Civello | Truist Financial | $51.00 | $40.56 | 25.74% | 3.55% |
| Aug 14, 2024 | Adrienne Yih | Barclays | $47.00 | $41.27 | 13.88% | -4.57% |
| Aug 13, 2024 | Jonathan Komp | Robert W. Baird | $50.00 | $41.61 | 20.16% | 1.52% |
| Aug 13, 2024 | Tom Nikic | Wedbush | $48.00 | $42.40 | 13.21% | -2.54% |
| Jul 24, 2024 | Ashley Owens | KeyBanc | $47.00 | $40.52 | 15.99% | -4.57% |
| Jun 11, 2024 | Aneesha Sherman | Bernstein | $50.00 | $42.73 | 17.01% | 1.52% |
| Jun 07, 2024 | Cristina Fernandez | Telsey Advisory | $47.00 | $42.20 | 11.37% | -4.57% |
| May 28, 2024 | Joseph Civello | Truist Financial | $46.00 | $40.23 | 14.34% | -6.60% |
| May 15, 2024 | Richard Edwards | Goldman Sachs | $41.00 | $36.42 | 12.58% | -16.75% |
The latest On stock forecast, released on Aug 22, 2024 by Anna Andreeva from Piper Sandler, set a price target of $52.00, which represents a 20.40% increase from the stock price at the time of the forecast ($43.19), and a 5.58% increase from ONON last price ($49.25).
On Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 6 | 23 |
| Avg Price Target | $52.00 | $49.17 | $43.17 |
| Last Closing Price | $49.25 | $49.25 | $49.25 |
| Upside/Downside | 5.58% | -0.16% | -12.35% |
In the current month, the average price target of On stock is $52.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 5.58% increase as opposed to On's last price of $49.25. This month's average price target is up 5.76% compared to last quarter, and up 20.45% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
On's last stock rating was published by HSBC on Sep 05, 2024. The company Initialise its ONON rating from "null" to "Hold".
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 | $1.06B | $1.07B | $1.01B | $919.75M | $873.84M | $913.66M | $844.63M | $765.08M | $684.55M | $725.14M | $624.64M | $551.36M | $539.06M | $499.04M | $466.88M | $417.54M | $296.64M | $313.94M | $250.77M | $182.61M | $372.83M |
| High Forecast | $1.08B | $1.09B | $1.02B | $930.58M | $884.13M | $924.42M | $854.58M | $774.09M | $692.61M | $746.68M | $631.99M | $557.85M | $563.20M | $504.92M | $472.37M | $422.45M | $300.13M | $317.64M | $250.77M | $187.26M | $382.32M |
| Low Forecast | $1.05B | $1.06B | $995.80M | $906.98M | $861.71M | $900.97M | $832.91M | $754.46M | $675.05M | $716.59M | $615.96M | $543.70M | $526.93M | $492.11M | $460.39M | $411.74M | $292.52M | $309.58M | $250.77M | $177.60M | $362.60M |
| # Analysts | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 7 |
| 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 $460.39M, and a high forecast of $472.37M. 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 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $58.20M | $17.20M | $56.26M | $37.89M | $12.99M | $-178.76M |
| Avg Forecast | $26.36M | $26.58M | $25.02M | $22.79M | $21.65M | $22.64M | $20.93M | $18.96M | $16.96M | $17.97M | $15.48M | $13.66M | $13.36M | $12.37M | $11.57M | $10.35M | $7.35M | $7.78M | $6.21M | $4.53M | $9.24M |
| High Forecast | $26.67M | $26.90M | $25.32M | $23.06M | $21.91M | $22.91M | $21.18M | $19.18M | $17.16M | $18.50M | $15.66M | $13.82M | $13.96M | $12.51M | $11.71M | $10.47M | $7.44M | $7.87M | $6.21M | $4.64M | $9.47M |
| Low Forecast | $25.99M | $26.22M | $24.68M | $22.48M | $21.35M | $22.33M | $20.64M | $18.70M | $16.73M | $17.76M | $15.26M | $13.47M | $13.06M | $12.19M | $11.41M | $10.20M | $7.25M | $7.67M | $6.21M | $4.40M | $8.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.63% | 2.34% | 7.23% | 6.10% | 2.87% | -19.35% |
5 analysts predict ONON's average Quarter EBITDA for Jun 23 to be $11.57M, with a high of $11.71M and a low of $11.41M. This is -80.12% 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 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $44.40M | $-26.40M | $20.63M | $49.15M | $14.34M | $-186.98M |
| Avg Forecast | $90.16M | $99.92M | $83.38M | $73.35M | $79.29M | $93.41M | $72.17M | $62.57M | $54.57M | $67.01M | $50.79M | $45.29M | $36.67M | $46.95M | $35.64M | $29.14M | $5.26M | $34.15M | $9.37M | $-25.87M | $6.40M |
| High Forecast | $91.54M | $101.45M | $84.66M | $74.47M | $80.50M | $94.84M | $73.28M | $63.53M | $55.41M | $85.77M | $51.57M | $45.98M | $50.01M | $47.67M | $36.19M | $29.58M | $5.34M | $34.67M | $9.37M | $-24.95M | $6.61M |
| Low Forecast | $88.53M | $98.12M | $81.88M | $72.02M | $77.86M | $91.73M | $70.87M | $61.44M | $53.59M | $40.21M | $49.88M | $44.47M | $-6.67M | $46.10M | $35.00M | $28.61M | $5.17M | $33.54M | $9.37M | $-26.73M | $6.17M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.52% | -5.02% | 0.60% | 5.24% | -0.55% | -29.22% |
On's average Quarter net income forecast for Jun 23 is $35.64M, with a range of $35.00M to $36.19M. 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 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $202.60M | $199.90M | $146.72M | $134.50M | $118.70M | $289.27M |
| Avg Forecast | $611.06M | $616.30M | $580.12M | $528.37M | $502.00M | $524.87M | $485.22M | $439.52M | $393.26M | $416.57M | $358.84M | $316.74M | $309.68M | $286.69M | $268.21M | $239.86M | $170.41M | $180.35M | $144.06M | $104.91M | $214.18M |
| High Forecast | $618.26M | $623.56M | $586.95M | $534.60M | $507.91M | $531.05M | $490.93M | $444.69M | $397.89M | $428.95M | $363.06M | $320.47M | $323.54M | $290.06M | $271.37M | $242.69M | $172.42M | $182.47M | $144.06M | $107.58M | $219.63M |
| Low Forecast | $602.57M | $607.74M | $572.06M | $521.04M | $495.03M | $517.58M | $478.48M | $433.42M | $387.80M | $411.66M | $353.86M | $312.34M | $302.71M | $282.71M | $264.48M | $236.53M | $168.05M | $177.85M | $144.06M | $102.03M | $208.30M |
| 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 5 Wall Street analysts, with a range of $264.48M to $271.37M. 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 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.14 | $-0.04 | $0.07 | $0.16 | $0.05 | $-0.60 |
| Avg Forecast | $0.28 | $0.31 | $0.25 | $0.22 | $0.24 | $0.29 | $0.22 | $0.19 | $0.17 | $0.20 | $0.16 | $0.14 | $0.11 | $0.14 | $0.11 | $0.09 | $0.02 | $0.10 | $0.03 | $-0.08 | $0.02 |
| High Forecast | $0.28 | $0.31 | $0.26 | $0.23 | $0.25 | $0.29 | $0.22 | $0.19 | $0.17 | $0.26 | $0.16 | $0.14 | $0.15 | $0.15 | $0.11 | $0.09 | $0.02 | $0.11 | $0.03 | $-0.08 | $0.02 |
| Low Forecast | $0.27 | $0.30 | $0.25 | $0.22 | $0.24 | $0.28 | $0.22 | $0.19 | $0.16 | $0.12 | $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 | $155.10 | $925.31 | 496.59% | Buy |
| DBI | Designer Brands | $6.40 | $13.33 | 108.28% | Hold |
| RCKY | Rocky Brands | $31.74 | $62.00 | 95.34% | Hold |
| NKE | NIKE | $80.64 | $108.82 | 34.95% | Buy |
| WWW | Wolverine World Wide | $15.06 | $19.56 | 29.88% | Buy |
| CROX | Crocs | $138.43 | $147.36 | 6.45% | Buy |
| SKX | Skechers U. | $67.94 | $71.77 | 5.64% | Buy |
| SHOO | Steven Madden | $47.10 | $46.00 | -2.34% | Hold |
| CAL | Caleres | $32.87 | $31.67 | -3.65% | Hold |
| ONON | On | $49.25 | $43.47 | -11.74% | Buy |
ONON Forecast FAQ
Is On a good buy?
Yes, according to 23 Wall Street analysts, On (ONON) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 20 'Buy' recommendations, accounting for 86.96% of ONON's total ratings.
What is ONON's price target?
On (ONON) average price target is $43.47 with a range of $26 to $52, implying a -11.74% from its last price of $49.25. The data is based on 23 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 -11.74% (from the last price of $49.25 to the average price target of $43.47), up by 5.58% based on the highest stock price target, and down by -47.21% based on the lowest stock price target.
Can On stock reach $70?
ONON's average twelve months analyst stock price target of $43.47 does not support the claim that On can reach $70 in the near future.
What is On's current price target trend?
1 Wall Street analyst forecast a $52 price target for On (ONON) this month, up 5.58% from its last price of $49.25. Compared to the last 3 and 12 months, the average price target decreased by -0.16% and decreased by -12.35%, 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 $3.4B (high $3.44B, low $3.35B), average EBITDA is $84.18M (high $85.18M, low $83.01M), average net income is $307.44M (high $312.15M, low $301.9M), average SG&A $1.95B (high $1.97B, low $1.92B), and average EPS is $0.939 (high $0.954, low $0.922). ONON's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4.07B (high $4.11B, low $4.01B), average EBITDA is $100.76M (high $101.94M, low $99.36M), average net income is $346.81M (high $352.12M, low $340.55M), average SG&A $2.34B (high $2.36B, low $2.3B), and average EPS is $1.06 (high $1.08, low $1.04).
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 $25.87M by 430.35%. The company's net income was $57.7M, beating the average estimation of $22.91M by 151.84%. 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 $10.35M by 462.50%. On's net income was $44.4M, beating the average estimation of $29.14M by 52.38%. 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%