ONON Stock Analysis: Buy, Sell, or Hold?

ONON - On Holding AG

Rubber & Plastics Footwear
$45.25
0.23 (0.51%) ▲
BUY
HIGH Confidence
Last Updated: January 30, 2026
Earnings: Mar 03, 2026 30d

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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.

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.

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
🔥 Top Stocks Breaking Out Now
Ticker Score Recommendation Change %
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL

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Advanced ONON Option Strategies

Professional options setups generated by AI based on today's ONON price and gamma walls.

Iron Condor Bull Call Bear Put Collar

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