Telsey Advisory Group Lowers ON (NYSE:ONON) Price Target to $51.00

ON (NYSE:ONON) had its target price cut by investment analysts at Telsey Advisory Group from $60.00 to $51.00 in a research note issued on Wednesday. The firm currently has an “outperform” rating on the stock. Telsey Advisory Group’s target price points to a potential upside of 50.78% from the company’s current price.

A number of other brokerages have also recently commented on ONON. Sanford C. Bernstein restated an “outperform” rating on shares of ON in a research report on Wednesday, March 4th. UBS Group restated a “buy” rating on shares of ON in a research report on Thursday, February 19th. BTIG Research restated a “buy” rating and issued a $70.00 price target on shares of ON in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of ON in a research report on Tuesday, April 21st. Finally, Evercore set a $42.00 price objective on ON in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, ON presently has an average rating of “Moderate Buy” and a consensus price target of $56.55.

ON Stock Down 0.6%

Shares of NYSE ONON opened at $33.83 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.71. ON has a 52 week low of $31.41 and a 52 week high of $61.29. The stock has a market capitalization of $21.58 billion, a P/E ratio of 46.98, a PEG ratio of 0.69 and a beta of 2.09. The stock’s fifty day moving average is $36.73 and its 200 day moving average is $41.92.

Insider Activity at ON

In other ON news, CEO Martin Hoffmann sold 4,150 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $35.84, for a total value of $148,736.00. Following the transaction, the chief executive officer directly owned 1,385,099 shares of the company’s stock, valued at approximately $49,641,948.16. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 20,750 shares of company stock worth $745,838.

Institutional Investors Weigh In On ON

Hedge funds and other institutional investors have recently modified their holdings of the company. Platinum Paramount Investment LTD. bought a new position in shares of ON in the fourth quarter valued at $525,784,000. Sinvest Investments II Ltd. bought a new position in shares of ON in the fourth quarter valued at approximately $390,432,000. Morgan Stanley grew its holdings in ON by 40.9% during the fourth quarter. Morgan Stanley now owns 24,119,871 shares of the company’s stock worth $1,121,092,000 after buying an additional 6,997,455 shares in the last quarter. FengHe Fund Management Pte. Ltd. bought a new stake in ON during the fourth quarter worth $142,425,000. Finally, Norges Bank purchased a new stake in ON in the 4th quarter valued at $128,826,000. Institutional investors own 36.39% of the company’s stock.

Trending Headlines about ON

Here are the key news stories impacting ON this week:

• Positive Sentiment: On Holding delivered better-than-expected Q1 results, with earnings and revenue topping estimates, and management raised 2026 EBITDA guidance, signaling improving profitability and continued brand strength. Article Title
• Positive Sentiment: Growth remains broad-based across sales channels, markets, and product categories, with China expansion and stronger apparel/accessories sales adding to the long-term growth story. Article Title
• Positive Sentiment: Several market recaps highlighted record sales and margins, reinforcing the idea that On Holding is gaining operating leverage as it scales. Article Title
• Neutral Sentiment: Needham cut its price target on ONON to $45 from $52, but kept a Buy rating, suggesting analysts still see upside even after trimming expectations. Article Title
• Neutral Sentiment: Brokerages continue to rate On Holding a “Moderate Buy,” indicating Wall Street sentiment remains constructive overall. Article Title
• Negative Sentiment: Despite the strong quarter, direct-to-consumer sales came in below expectations, which could limit enthusiasm about the pace of near-term growth in that channel. Article Title

About ON

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.