On (ONON) Stock Forecast, Price Target & Predictions
ONON Stock Forecast
On stock forecast is as follows: an average price target of $46.00 (represents a -1.08% downside from ONON’s last price of $46.50) and a rating consensus of 'Buy', based on 24 wall street analysts offering a 1-year stock forecast.
ONON Price Target
The average price target for On (ONON) is $46.00 based on 1-year price targets from 24 Wall Street analysts in the past 3 months, with a price target range of $59.00 to $26.00. This represents a potential -1.08% downside from ONON's last price of $46.50.
ONON Analyst Ratings
According to 24 Wall Street analysts, On's rating consensus is 'Buy'. The analyst rating breakdown for ONON stock is 0 'Strong Buy' (0.00%), 20 'Buy' (83.33%), 4 'Hold' (16.67%), 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 |
|---|---|---|---|---|---|---|
| Oct 03, 2024 | Anna Andreeva | Piper Sandler | $56.00 | $49.18 | 13.87% | 20.43% |
| Oct 03, 2024 | Joseph Civello | Truist Financial | $58.00 | $49.17 | 17.96% | 24.73% |
| Sep 23, 2024 | Ashley Wallace | Bank of America Securities | $55.00 | $50.48 | 8.95% | 18.28% |
| Sep 18, 2024 | Jim Duffy | Stifel Nicolaus | $59.00 | $49.25 | 19.80% | 26.88% |
| Aug 22, 2024 | Anna Andreeva | Piper Sandler | $52.00 | $43.19 | 20.40% | 11.83% |
| Aug 14, 2024 | Joseph Civello | Truist Financial | $51.00 | $40.56 | 25.74% | 9.68% |
| Aug 14, 2024 | Adrienne Yih | Barclays | $47.00 | $41.27 | 13.88% | 1.08% |
| Aug 13, 2024 | Jonathan Komp | Robert W. Baird | $50.00 | $41.61 | 20.16% | 7.53% |
| Aug 13, 2024 | Tom Nikic | Wedbush | $48.00 | $42.40 | 13.21% | 3.23% |
| Jul 24, 2024 | Ashley Owens | KeyBanc | $47.00 | $40.52 | 15.99% | 1.08% |
The latest On stock forecast, released on Oct 03, 2024 by Anna Andreeva from Piper Sandler, set a price target of $56.00, which represents a 13.87% increase from the stock price at the time of the forecast ($49.18), and a 20.43% increase from ONON last price ($46.50).
On Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 9 | 25 |
| Avg Price Target | - | $52.89 | $45.80 |
| Last Closing Price | $46.50 | $46.50 | $46.50 |
| Upside/Downside | -100.00% | 13.74% | -1.51% |
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 $46.50. 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 |
|---|---|---|---|---|
| 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 |
On's last stock rating was published by Piper Sandler on Oct 03, 2024. The company gave ONON a "Overweight" 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 | $1.05B | $1.05B | $992.76M | $904.20M | $856.65M | $898.84M | $830.67M | $752.46M | $674.08M | $726.53M | $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 | $1.05B | $992.76M | $904.20M | $856.65M | $898.84M | $830.67M | $752.46M | $674.08M | $740.04M | $624.64M | $551.36M | $563.20M | $499.04M | $466.88M | $417.54M | $296.64M | $313.94M | $250.77M | $182.61M | $372.83M |
| Low Forecast | $1.05B | $1.05B | $992.76M | $904.20M | $856.65M | $898.84M | $830.67M | $752.46M | $674.08M | $715.48M | $624.64M | $551.36M | $526.93M | $499.04M | $466.88M | $417.54M | $296.64M | $313.94M | $250.77M | $182.61M | $372.83M |
| # Analysts | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 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 $466.88M, and a high forecast of $466.88M. 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 | 4 | 3 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $58.20M | $17.20M | $56.26M | $37.89M | $12.99M | $-178.76M |
| Avg Forecast | $25.91M | $26.14M | $24.60M | $22.41M | $21.23M | $22.27M | $20.58M | $18.65M | $16.70M | $18.00M | $15.48M | $13.66M | $13.36M | $12.37M | $11.57M | $10.35M | $7.35M | $7.78M | $6.21M | $4.53M | $9.24M |
| High Forecast | $25.91M | $26.14M | $24.60M | $22.41M | $21.23M | $22.27M | $20.58M | $18.65M | $16.70M | $18.34M | $15.48M | $13.66M | $13.96M | $12.37M | $11.57M | $10.35M | $7.35M | $7.78M | $6.21M | $4.53M | $9.24M |
| Low Forecast | $25.91M | $26.14M | $24.60M | $22.41M | $21.23M | $22.27M | $20.58M | $18.65M | $16.70M | $17.73M | $15.48M | $13.66M | $13.06M | $12.37M | $11.57M | $10.35M | $7.35M | $7.78M | $6.21M | $4.53M | $9.24M |
| 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 $11.57M and a low of $11.57M. 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 | 4 | 3 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $44.40M | $-26.40M | $20.63M | $49.15M | $14.34M | $-186.98M |
| Avg Forecast | $88.63M | $98.23M | $81.97M | $72.11M | $77.95M | $90.95M | $70.66M | $61.51M | $54.19M | $61.20M | $50.79M | $45.29M | $36.67M | $46.95M | $35.64M | $29.14M | $5.26M | $34.15M | $9.39M | $-26.52M | $6.56M |
| High Forecast | $88.63M | $98.23M | $81.97M | $72.11M | $77.95M | $90.95M | $70.66M | $61.51M | $54.19M | $84.15M | $51.51M | $45.33M | $50.01M | $47.04M | $35.64M | $29.14M | $5.26M | $34.15M | $9.39M | $-26.52M | $6.56M |
| Low Forecast | $88.63M | $98.23M | $81.97M | $72.11M | $77.95M | $90.95M | $70.66M | $61.51M | $54.19M | $35.70M | $50.08M | $45.25M | $-6.67M | $46.85M | $35.64M | $29.14M | $5.26M | $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 $35.64M to $35.64M. 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 | 4 | 3 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $202.60M | $199.90M | $146.72M | $134.50M | $118.70M | $289.27M |
| Avg Forecast | $600.73M | $605.88M | $570.31M | $519.44M | $492.12M | $516.36M | $477.20M | $432.27M | $387.24M | $417.37M | $358.84M | $316.74M | $309.68M | $286.69M | $268.21M | $239.86M | $170.41M | $180.35M | $144.06M | $104.91M | $214.18M |
| High Forecast | $600.73M | $605.88M | $570.31M | $519.44M | $492.12M | $516.36M | $477.20M | $432.27M | $387.24M | $425.13M | $358.84M | $316.74M | $323.54M | $286.69M | $268.21M | $239.86M | $170.41M | $180.35M | $144.06M | $104.91M | $214.18M |
| Low Forecast | $600.73M | $605.88M | $570.31M | $519.44M | $492.12M | $516.36M | $477.20M | $432.27M | $387.24M | $411.02M | $358.84M | $316.74M | $302.71M | $286.69M | $268.21M | $239.86M | $170.41M | $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 5 Wall Street analysts, with a range of $268.21M to $268.21M. 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 | 4 | 3 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.14 | $-0.04 | $0.07 | $0.16 | $0.05 | $-0.60 |
| Avg Forecast | $0.27 | $0.30 | $0.25 | $0.22 | $0.24 | $0.28 | $0.22 | $0.19 | $0.17 | $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 | $0.27 | $0.30 | $0.25 | $0.22 | $0.24 | $0.28 | $0.22 | $0.19 | $0.17 | $0.26 | $0.16 | $0.14 | $0.15 | $0.14 | $0.11 | $0.09 | $0.02 | $0.10 | $0.03 | $-0.08 | $0.02 |
| Low Forecast | $0.27 | $0.30 | $0.25 | $0.22 | $0.24 | $0.28 | $0.22 | $0.19 | $0.17 | $0.11 | $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 | $158.12 | $799.44 | 405.59% | Buy |
| DBI | Designer Brands | $5.08 | $13.33 | 162.40% | Hold |
| RCKY | Rocky Brands | $20.47 | $43.50 | 112.51% | Hold |
| CROX | Crocs | $106.21 | $148.92 | 40.21% | Buy |
| NKE | NIKE | $78.06 | $106.00 | 35.79% | Buy |
| WWW | Wolverine World Wide | $15.36 | $19.80 | 28.91% | Buy |
| SKX | Skechers U. | $62.60 | $72.08 | 15.14% | Buy |
| CAL | Caleres | $29.41 | $31.67 | 7.68% | Hold |
| SHOO | Steven Madden | $44.75 | $45.25 | 1.12% | Hold |
| ONON | On | $46.50 | $46.00 | -1.08% | Buy |
ONON Forecast FAQ
Is On a good buy?
Yes, according to 24 Wall Street analysts, On (ONON) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 20 'Buy' recommendations, accounting for 83.33% of ONON's total ratings.
What is ONON's price target?
On (ONON) average price target is $46 with a range of $26 to $59, implying a -1.08% from its last price of $46.5. The data is based on 24 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 -1.08% (from the last price of $46.5 to the average price target of $46), up by 26.88% based on the highest stock price target, and down by -44.09% based on the lowest stock price target.
Can On stock reach $70?
ONON's average twelve months analyst stock price target of $46 does not support the claim that On can reach $70 in the near future.
What are On's analysts' financial forecasts?
On's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.34B (high $3.34B, low $3.34B), average EBITDA is $82.73M (high $82.73M, low $82.73M), average net income is $301.07M (high $301.07M, low $301.07M), average SG&A $1.92B (high $1.92B, low $1.92B), and average EPS is $0.92 (high $0.92, low $0.92). ONON's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4B (high $4B, low $4B), average EBITDA is $99.05M (high $99.05M, low $99.05M), average net income is $340.94M (high $340.94M, low $340.94M), average SG&A $2.3B (high $2.3B, low $2.3B), and average EPS is $1.04 (high $1.04, 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 $22.28M by 158.96%. 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%