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As of October 11, 2026, On Holding AG Class A (ONON) trades at $35.09. CleaRank Financial AI rates it Buy with a fair value of $41.83, 19.2% above the current price. Wall Street's consensus target is $41.83 across 31 analysts. RSI at 90 is in overbought territory, and the price is above its 50-day average of $30.76.
On Holding AG Class A (ONON)
On Holding AG Class A NYSE
$35.09
1.050 (3.08%)
At close: Oct 9, 4:00 PM EDT
AI Analyst Consensus
76 / 100
On Holding AG (ONON) is trading at $35.09, with its price currently above its 50-day and 20-day moving averages but below its 200-day moving average. The company has demonstrated strong revenue growth of 13.5% and a healthy profit margin of 12.30%. Insider activity shows a net buying trend, with significant purchases totaling $10.6 million against $830,200 in sales, indicating moderate insider confidence. The stock's technical indicators are showing signs of overheating, with an RSI of 90.18 signaling an overbought condition. Despite this, Wall Street analysts maintain a generally positive outlook, with a consensus 'Buy' rating and a median price target of $41.83, suggesting an upside of 19.2%. The company's strong fundamentals, including a solid return on equity of 23.95%, support its current valuation, though the overbought RSI suggests a potential for short-term pullback.
ONON Price Analysis
Market Metrics
Open
$34.03
Day Range
$33.85 to $35.17
Prev Close
$34.04
Volume
11.12M
52-Week Range
$26.37 to $51.08
Market Cap
$11.73B
Peer Benchmarking
Valuation vs Sector (Consumer Cyclical)
Performance vs XLY
Sector Position Analysis
Valuation is broadly in line with sector peers (9% difference), suggesting fair market pricing relative to industry standards.
ONON Financial Performance
Revenue vs. Earnings
Annual
Quarterly
Earnings Reality Check
Analysis: In the last 4 quarters, ONON beat estimates 4 times. However, the stock fell 2 times the next day. This suggests positive news is often "priced in" or investors are selling the news.
ONON Analysis
Company's Health
4/5
12-Month Analyst Target
+19.21% Upside
Median of 31 analysts (12-month)
$41.83
AI Technical Analysis
On Holding AG's stock is currently trading above its 50-day Simple Moving Average (SMA) of $30.76 and its 20-day Exponential Moving Average (EMA) of $31.04. However, it remains below its 200-day SMA of $37.64, indicating a mixed short-to-medium term trend. The Relative Strength Index (RSI) is at an extreme 90.18, firmly in overbought territory, suggesting the stock may be due for a correction. Key resistance is observed around the 200-day SMA, while immediate support can be found near the 50-day SMA. Trading volume has been slightly above its average, indicating sustained interest. The current overbought RSI, coupled with the stock trading below its long-term average, suggests that while momentum is strong, a pullback is likely before any sustained upward move can occur.
ProTips
- Monitor the RSI closely for any signs of cooling from its current overbought level to avoid entering at a potential short-term peak.
- Given the stock's current overbought condition, consider waiting for a pullback to a support level, such as the 50-day SMA, before initiating or adding to a position.
- The significant insider buying activity is a positive signal, but its impact should be weighed against the stock's current technical overextension and valuation metrics.
Key Catalysts
Bullish
Moderate Insider Buying Signal
Insiders have demonstrated moderate confidence by purchasing $10.6 million in shares against $830,200 in sales, signaling a positive outlook on the company's future performance.
Source: Insider Trading DataBullish
Positive Analyst Sentiment and Price Targets
A majority of Wall Street analysts maintain a 'Buy' rating, with a median price target of $41.83, suggesting a potential 19.2% upside from the current price.
Source: Wall Street AnalystsBearish
Overbought Technical Conditions
The Relative Strength Index (RSI) is at 90.18, indicating the stock is significantly overbought and may be due for a price correction or consolidation.
Source: Technical AnalysisBearish
Trading Below 200-Day SMA
On Holding AG is currently trading below its 200-day Simple Moving Average of $37.64, suggesting potential weakness in the longer-term trend.
Source: Technical AnalysisMarket Outlook
The base case outlook for On Holding AG over the next 6-12 months anticipates continued growth, supported by positive analyst sentiment and strong insider buying. The median analyst price target of $41.83 suggests a potential upside of 19.2% from the current price of $35.09. The company's strong revenue growth and profitability metrics provide a solid foundation for this outlook. However, the stock's current overbought RSI reading of 90.18 presents a near-term risk of a pullback. A failure to sustain its growth trajectory or a broader market downturn could lead to a retest of support levels around the 50-day SMA. Upside catalysts could include stronger-than-expected earnings reports or successful product launches, while a significant market correction or increased competition could pressure the stock lower.
Key Statistics
| Market Cap | 11.73B |
|---|---|
| P/E Ratio | 22.64 |
| EPS (TTM) | 1.55 |
| Dividend Yield | 0.00% |
| 52 Week High | 51.08 |
| 52 Week Low | 26.37 |
On Holding AG's valuation appears reasonable within its sector, trading at a Price-to-Earnings (P/E) ratio of 22.64, which is slightly above the sector median of 20.8. Its Price-to-Sales (P/S) ratio stands at 3.64, also higher than the sector median of 1.9. The company boasts a strong return on equity (ROE) of 23.95% and a healthy profit margin of 12.30%, both significantly outperforming sector averages. The company's debt-to-equity ratio is 0.29, which is below the sector median of 0.29, indicating a manageable debt load. With a revenue growth of 13.5%, On Holding AG is expanding faster than the sector average of 7.2%. While the current valuation metrics are somewhat stretched compared to peers, the company's superior profitability and growth rates provide a solid fundamental basis.
Earnings & Growth Analysis
On Holding AG most recently reported earnings for the quarter ending June 2026, with an Earnings Per Share (EPS) of $0.35, beating the analyst estimate of $0.34 by 2.94%. This followed a strong beat in the quarter ending March 2026, where EPS was $0.37 against an estimate of $0.27, a 37.04% surprise. The company has shown a pattern of positive earnings surprises over the reported periods, indicating consistent operational performance exceeding expectations.
Key Risks
On Holding AG faces risks related to its current valuation, with P/E and P/S ratios trading above sector medians, suggesting potential downside if growth expectations are not met. The stock's extremely overbought technical condition, indicated by an RSI of 90.18, signals a heightened risk of a short-term price correction. Also, while insider buying is a positive signal, the magnitude of recent insider purchases, though substantial at $10.6 million, is moderate relative to the company's market capitalization, and the stock is trading below its 200-day moving average.
Technical Indicators
| RSI (14) | 90.18 |
|---|---|
| MACD | 1.08 |
| SMA 50 | 30.76 |
| SMA 200 | 37.64 |
RSI
Overbought
SMA Cross
Bearish
Price vs SMA
Bullish
MACD
Bullish
Moving averages show a lagging Death Cross (50-day: $30.76, 200-day: $37.64), price sits above the 50-day SMA but below the 200-day SMA - a mixed posture, RSI at 90.2 indicates overbought conditions; consider caution for immediate entries.
Market Correlations
How this stock moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)
+0.45
Moderate correlation
Nasdaq 100 (QQQ)
+0.42
Moderate correlation
Bitcoin (BTC)
+0.12
Weak correlation
Gold (XAU)
+0.06
Weak correlation
Check Custom Correlation
How does any other asset move with ONON? One year of daily closes, Pearson correlation.
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ONON Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative
2%
Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Long entry pick an entry style
Conservative
$34.39
2% below current price (Pullback entry)
Lower risk, wait for pullback
Aggressive
$35.09
Buy at current price
Higher risk, immediate entry
Risk Management
STOP LOSS
$31.98
MAX LOSS
-7.0%
Volatility-Adjusted Stop Loss
Calculated based on RSI (90.2) and current market volatility
Profit Targets (Based on Conservative Entry)
TARGET 1
$36.11
+5% (Conservative)
+2.9% (Aggressive)
TARGET 2
$37.83
+10% (Conservative)
+7.8% (Aggressive)
TARGET 3
$39.55
+15% (Conservative)
+12.7% (Aggressive)
Consider scaling out: Take 50% profit at Target 1, 30% at Target 2, let 20% run to Target 3
Calculate Your Trade
Disclaimer
This AI-generated trade plan for ONON is for educational and informational purposes only and does not constitute financial advice. The analysis is based on historical data patterns and technical indicators which may not predict future results. Stock trading involves risk of loss. Verify all data independently and consult a qualified financial advisor. Generated on October 11, 2026.Growth of $10,000
A $10,000 investment in ONON in September 2021 would be worth about $10,026 today, compared with about $17,383 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in ONON today could grow to about $13,706 by 2036 in the base case, with a bull case near $103,982 and a bear case around $1,807. Projections are statistical simulations, not guarantees.
ONON Stock Price Prediction: 2030
CleaRank's simulation projects a price near $39.81 for ONON by 2030 in the base case, from $35.09 today (1.1x over 4 years). The downside path ends near $11.05. These are outcomes of a Monte Carlo simulation run on ONON's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $19.08 | $36.21 | $68.73 |
| 2028 | $15.10 | $37.37 | $92.50 |
| 2029 | $12.71 | $38.57 | $117 |
| 2030 | $11.05 | $39.81 | $143 |
| 2031 | $9.80 | $41.08 | $172 |
| 2032 | $8.82 | $42.40 | $204 |
| 2033 | $8.03 | $43.75 | $238 |
| 2034 | $7.37 | $45.16 | $277 |
| 2035 | $6.82 | $46.60 | $319 |
| 2036 | $6.34 | $48.09 | $365 |
Method: 10,000 simulated price paths using ONON's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.
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ONON Insider Trading Analysis
Bought
$10.6M
5 Transactions
Sold
$830.2K
8 Transactions
Insiders
11
Active Traders
Avg Transaction
$877.9K
Moderate size
| Date | Insider | Type | Shares | Value |
|---|---|---|---|---|
| Apr 20, 2026 | HOFFMANN MARTIN
Chief Executive Officer
|
Sell | 4.2K | $151.7K |
| Apr 27, 2026 | HOFFMANN MARTIN
Chief Executive Officer
|
Sell | 4.2K | $148.8K |
| Apr 13, 2026 | HOFFMANN MARTIN
Chief Executive Officer
|
Sell | 4.2K | $140.9K |
| Apr 6, 2026 | HOFFMANN MARTIN
Chief Executive Officer
|
Sell | 4.2K | $139.4K |
| Mar 30, 2026 | HOFFMANN MARTIN
Chief Executive Officer
|
Sell | 4.2K | $134.1K |
| Jun 8, 2026 | MAGUIRE SCOTT ANDREW
Chief Operating Officer
|
Sell | 1.5K | $55.4K |
| Sep 8, 2026 | MAGUIRE SCOTT ANDREW
Chief Operating Officer
|
Sell | 1.5K | $40.9K |
| Sep 8, 2026 | SLUIS FRANK
Chief Financial Officer
|
Sell | 687 | $19.1K |
| Sep 21, 2026 | BANSE AMY L
Director
|
Grant | 2.4K | - |
| Sep 21, 2026 | DURKIN DENNIS M
Director
|
Grant | 2.9K | - |
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Frequently Asked Questions
Is On Holding AG stock a buy right now?
On Holding AG (ONON) is currently rated a 'Buy' by Wall Street analysts, with a median price target of $41.83 suggesting a 19.2% upside from the current price of $35.09. However, the stock is showing signs of being overbought technically, which could precede a short-term pullback.
What is ONON's stock price forecast for 2030?
Based on Monte Carlo simulations, On Holding AG's stock price is projected to be $39.81 in 2030 under a base case scenario. The downside projection is $11.05, while the upside projection reaches $143.40.
How are On Holding AG's recent earnings?
On Holding AG recently reported earnings for the quarter ending June 2026, beating analyst estimates by 2.94% with an EPS of $0.35. This continues a trend of positive earnings surprises, indicating strong operational execution.
What are the key risks for On Holding AG?
Key risks include the stock's stretched valuation metrics compared to sector averages and its current overbought technical condition. A failure to meet high growth expectations could also lead to a price correction.
What is On Holding AG's financial health?
On Holding AG demonstrates strong financial health with a high return on equity of 23.95% and a profit margin of 12.30%. Its debt-to-equity ratio of 0.29 is manageable and in line with sector averages.
What is the Wall Street consensus for ONON stock?
The Wall Street consensus for ONON is a 'Buy', with 31 analysts covering the stock. The consensus score is 76 out of 100, with a median price target of $41.83.
Are insiders buying On Holding AG stock?
Yes, insiders are net buyers of On Holding AG stock, having purchased $10.6 million worth of shares against $830,200 in sales. This 'Moderate Buy Signal' suggests a degree of insider confidence in the company's prospects.