On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for perfor…
An institutional-grade, numbers-driven thesis on ONON — generated on demand from live fundamentals, scores and forecast.
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As of August 8, 2026, TradersQuant's model rates On Holding AG (ONON) 57/100 with a 12-month base-case forecast of $54.38 — +44.8% versus the current price of $37.55. On Holding AG trades at $37.55 in the Consumer Cyclical sector, with a market capitalisation of $12.52B. The score blends valuation, growth, earnings quality and momentum into a single grade.
The 12-month analyst consensus price target for ONON is $54.38, implying +44.8% versus the current price. The model's 12-month scenario range runs from $27.21 (bear) to $55.37 (bull), with a base case of $38.75.
On the fundamentals, On Holding AG shows a P/E of 39.4, trailing revenue of $2.88B, revenue growth of +24.2% YoY. This page also tracks ONON's short interest, institutional (smart-money) positioning and the options market — the same cross-signal view institutions watch.
ONON currently carries a TradersQuant composite score of 57/100, which we read as a neutral-to-watch signal. The Wall-Street analyst consensus is "Buy". Our 12-month price target of $54.38 implies +44.8% from $37.55. This is research, not financial advice — always combine it with your own judgement.
The analyst consensus price target for ONON is $54.38, about +44.8% versus the latest price of $37.55. Consensus is based on 26 analysts.
TradersQuant's 12-month model forecast for ONON is a base case of $38.75, ranging from $27.21 (bear) to $55.37 (bull), an expected return of +3.2%. Forecasts are model estimates, not guarantees.
The TradersQuant price prediction for ONON over the next 12 months is $38.75 in the base case (bear $27.21, bull $55.37), versus today's price of $37.55. Unlike black-box prediction sites, every TradersQuant call is logged at the price and date it was made and graded publicly against the S&P 500.
We deliberately don't publish 2030 price predictions for ONON — no model can honestly forecast a single stock five-plus years out, and sites that do are guessing. TradersQuant focuses on a rigorous 12-month bull/base/bear range, refreshed continuously and graded on our public track record.
TradersQuant estimates ONON's fair value at $54.38, implying +44.8% of expected upside versus the current price.
On Holding AG does not currently pay a dividend.
Data and model outputs are for research only and are not financial advice. Figures update continuously.
