Recent Investment Analysts’ Ratings Changes for ON (ONON)

ON (NYSE: ONON) recently received a number of ratings updates from brokerages and research firms:

• 12/29/2025 – ON was given a new $85.00 price target on by analysts at UBS Group AG.
• 12/10/2025 – ON was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating.
• 12/10/2025 – ON was upgraded by analysts at Guggenheim to a “strong-buy” rating.
• 12/9/2025 – ON is now covered by analysts at Guggenheim. They set a “buy” rating and a $59.00 price target on the stock.
• 12/5/2025 – ON had its “overweight” rating reaffirmed by analysts at Piper Sandler.
• 11/25/2025 – ON had its price target raised by analysts at Piper Sandler from $55.00 to $60.00. They now have an “overweight” rating on the stock.
• 11/17/2025 – ON was upgraded by analysts at Singular Research to a “strong-buy” rating.
• 11/13/2025 – ON had its price target lowered by analysts at Barclays PLC from $69.00 to $60.00. They now have an “overweight” rating on the stock.
• 11/13/2025 – ON had its price target raised by analysts at TD Cowen from $55.00 to $57.00. They now have a “buy” rating on the stock.
• 11/13/2025 – ON had its price target raised by analysts at JPMorgan Chase & Co. from $71.00 to $75.00. They now have an “overweight” rating on the stock.
• 11/13/2025 – ON had its price target raised by analysts at UBS Group AG from $79.00 to $85.00. They now have a “buy” rating on the stock.
• 11/13/2025 – ON had its price target raised by analysts at Morgan Stanley from $65.00 to $70.00. They now have an “overweight” rating on the stock.
• 11/13/2025 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $65.00 price target on the stock.
• 11/13/2025 – ON had its price target raised by analysts at The Goldman Sachs Group, Inc. from $50.00 to $52.00. They now have a “neutral” rating on the stock.
• 11/13/2025 – ON had its price target raised by analysts at Bank of America Corporation from $62.00 to $63.00. They now have a “buy” rating on the stock.
• 11/12/2025 – ON had its “underperform” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $31.00 price target on the stock.
• 11/12/2025 – ON had its price target lowered by analysts at Needham & Company LLC from $62.00 to $52.00. They now have a “buy” rating on the stock.
• 11/11/2025 – ON was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating.
• 11/10/2025 – ON had its price target lowered by analysts at Truist Financial Corporation from $69.00 to $60.00. They now have a “buy” rating on the stock.
• 11/10/2025 – ON had its price target lowered by analysts at Evercore ISI from $68.00 to $50.00. They now have an “outperform” rating on the stock.
• 11/6/2025 – ON had its price target lowered by analysts at Piper Sandler from $65.00 to $55.00. They now have an “overweight” rating on the stock.
• 11/5/2025 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $65.00 price target on the stock.
• 11/4/2025 – ON had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $70.00 price target on the stock.

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.