ON (ONON) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of ON (NYSE: ONON) recently:

• 8/12/2026 – ON had its “outperform” rating reaffirmed by Sanford C. Bernstein. They now have a $62.00 price target on the stock.
• 8/12/2026 – ON was given a new $42.00 price target by The Goldman Sachs Group, Inc..
• 8/12/2026 – ON was given a new $40.00 price target by Evercore Inc.
• 8/12/2026 – ON had its “buy” rating reaffirmed by Bank of America Corporation.
• 8/12/2026 – ON had its price target lowered by Barclays PLC from $46.00 to $42.00. They now have an “overweight” rating on the stock.
• 8/12/2026 – ON was downgraded by Raymond James Financial, Inc. from “strong-buy” to “outperform”. They now have a $38.00 price target on the stock, down from $52.00.
• 8/12/2026 – ON had its price target lowered by Stifel Nicolaus from $60.00 to $41.00. They now have a “buy” rating on the stock.
• 8/12/2026 – ON had its price target lowered by UBS Group AG from $83.00 to $73.00. They now have a “buy” rating on the stock.
• 8/12/2026 – ON had its price target lowered by Telsey Advisory Group from $51.00 to $43.00. They now have an “outperform” rating on the stock.
• 8/12/2026 – ON had its price target lowered by Robert W. Baird from $70.00 to $55.00. They now have an “outperform” rating on the stock.
• 8/11/2026 – ON had its price target lowered by Truist Financial Corporation from $48.00 to $40.00. They now have a “buy” rating on the stock.
• 8/11/2026 – ON was given a new $20.00 price target by Jefferies Financial Group Inc..
• 8/11/2026 – ON was given a new $32.00 price target by Williams Trading.
• 8/11/2026 – ON had its price target lowered by BTIG Research from $70.00 to $60.00. They now have a “buy” rating on the stock.
• 8/11/2026 – ON was downgraded by William Blair from “outperform” to “market perform”.
• 8/11/2026 – ON had its price target lowered by Needham & Company LLC from $45.00 to $37.00. They now have a “buy” rating on the stock.
• 8/10/2026 – ON had its “overweight” rating reaffirmed by KeyCorp.
• 8/7/2026 – ON had its “hold (c-)” rating reaffirmed by Weiss Ratings.
• 8/7/2026 – ON had its “outperform” rating reaffirmed by Evercore Inc. They now have a $46.00 price target on the stock.
• 8/5/2026 – ON was downgraded by Zacks Research from “strong-buy” to “hold”.
• 7/29/2026 – ON had its price target lowered by UBS Group AG from $85.00 to $82.00. They now have a “buy” rating on the stock.
• 7/29/2026 – ON had its price target lowered by UBS Group AG from $85.00 to $82.00. They now have a “buy” rating on the stock.
• 7/18/2026 – ON was downgraded by Wall Street Zen from “buy” to “hold”.
• 7/7/2026 – ON was upgraded by Zacks Research from “hold” to “strong-buy”.
• 7/2/2026 – ON is now covered by JPMorgan Chase & Co.. They set an “overweight” rating and a $51.00 price target on the stock.
• 6/27/2026 – ON was upgraded by Wall Street Zen from “hold” to “buy”.

Insider Activity

In related news, insider Olivier Bernhard bought 65,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $30.67 per share, for a total transaction of $1,993,550.00. Following the completion of the acquisition, the insider owned 5,228,184 shares in the company, valued at $160,348,403.28. This trade represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Caspar Felix Coppetti purchased 65,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average cost of $30.67 per share, with a total value of $1,993,550.00. Following the transaction, the chief executive officer directly owned 2,440,855 shares of the company’s stock, valued at $74,861,022.85. The trade was a 2.74% increase in their position. The disclosure for this purchase is available in the SEC filing.

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.