ONON Stock Analysis: Buy, Sell, or Hold?
ONON - On Holding AG
$45.25
0.23 (0.51%)
▲
BUY
HIGH Confidence
Last Updated: January 30, 2026
Earnings: Mar 03, 2026
30d
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1 traders called ONON this week
100% bullish • 0 bearish
100% bullish • 0 bearish
Interactive Price Chart (1 Month)
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Bottom Line:
✅ BUY SIGNAL: ONON shows strong fundamentals and good volume confirmation. Solid entry point despite oversold pricing.
✅ BUY SIGNAL: ONON shows strong fundamentals and good volume confirmation. Solid entry point despite oversold pricing.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$65.65
Based on 14.5% avg growth
INTRINSIC VALUE TODAY
$40.76
Trading above fair value
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 25.0x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: ONON is currently trading at $45.25, which is considered oversold relative to its 30-day fair value range of $45.33 to $48.48. The stock's valuation (Forward PE: 33.4) is in line with its historical norms (34.6). Remarkably, the market is currently pricing in an annual earnings decline of 1.2% over the next few years. This pessimistic expectation contrasts with the company's recent 283.1% earnings growth, suggesting potential undervaluation if the company simply maintains stability.
Technical Outlook: Technically, ONON is in a strong downtrend. The price is currently testing key support at $44.07. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock shows a mixed technical setup (40/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $63.23 (+40.5%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, ONON is in a strong downtrend. The price is currently testing key support at $44.07. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock shows a mixed technical setup (40/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $63.23 (+40.5%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
OVERSOLD
Fair Price Range
$45.33 -
$48.48
Company Quality Score
58/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
79.5%
All Signals
- BULLISH: Price oversold vs 30-day range
- NEUTRAL: Mixed technical signals (40/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 40.5% below Wall St target ($63.23)
Fair Price Analysis
30-Day Fair Range
$45.33 -
$48.48
Current vs Fair Value
OVERSOLD
Support & Resistance Levels
Support Level
$44.07
Resistance Level
$47.30
Current Trend
Strong Downtrend
Fundamental Context
Forward P/E (Next Year Est.)
33.39
Wall Street Target
$63.23
(+40.5%)
Revenue Growth (YoY)
24.9%
Earnings Growth (YoY)
283.1%
Profit Margin
7.8%
Valuation Discount vs History
-1.2% cheaper
PE vs Historical
33.4 vs 34.6
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-1.2%
(market-implied from PE analysis)
1-Year Target
$44.48
(-1%)
2-Year Target
$43.95
(-2%)
3-Year Target
$43.42
(-4%)
3-Yr Target (if PE normalizes)
(PE: 33→35)
$45.00
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 33.4, Growth: 78.9%)
$151.94
(+238%)
Base:
(SPY PE: 22.3, Growth: 78.9%)
$101.49
(+125%)
Bear:
(PE: 19.0, Growth: 78.9%)
$86.27
(+92%)
📈
Valuation based on Current Earnings
Forward PE: 27.93 | Forward EPS (Implied): $1.62
Bull Case
$54.64
(+21%)
Analyst growth 15.0%, PE expands to 29.3
Base Case
$45.25
(0%)
Market implied 0.0%, PE stable at 27.9
Bear Case
$34.62
(-24%)
Severe decline -15.0%, PE contracts to 25.1
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 33.4 to 34.6
Stabilization Target:
$46.66
(+3.6%)
PE Expansion Potential:
+3.6%
Last updated: January 31, 2026 12:12 AM ET
Data refreshes hourly during market hours. Next update: 1:12 AM
Data refreshes hourly during market hours. Next update: 1:12 AM
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Technical Signals Check
Is ONON showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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