ONON Stock Analysis: Buy, Sell, or Hold?
ONON - On Holding AG
$38.10
0.84 (2.25%)
▲
5d:
+11.93%
30d:
+3.11%
90d:
-18.35%
BUY
MODERATE Confidence
Analysis Updated: May 18, 2026 12:00 AM ET
Earnings: May 12, 2026
0d
Smart Money Accumulation
ONON is down 3.5% this week, but smart money is accumulating calls. Top strike: $45 2026-06-18 with 12,434 OI. Call ratio: 61% View Scanner →
Strength: 2.8/10
Get Alerted When ONON Hits Your Target Price
Join 10,000+ traders who never miss a move
You're in! Check your email to confirm and set your target price.
100% Free
No spam, ever
Unsubscribe anytime
5 traders called ONON this week
100% bullish • 0 bearish
100% bullish • 0 bearish
Interactive Price Chart (1 Month)
Loading chart...
Loading historical data...
Bottom Line:
💡 BUY OPPORTUNITY: ONON shows positive signals but monitor for confirmation. Market pricing in 8.5% decline. Moderate conviction.
💡 BUY OPPORTUNITY: ONON shows positive signals but monitor for confirmation. Market pricing in 8.5% decline. Moderate conviction.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$77.68
Based on 12.8% avg growth
INTRINSIC VALUE TODAY
$48.24
21.0% Margin of Safety
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 $38.10, which is considered extended relative to its 30-day fair value range of $34.47 to $36.72. From a valuation perspective, the stock is trading at a discount (Forward PE: 22.2) compared to its historical average (29.0). Remarkably, the market is currently pricing in an annual earnings decline of 8.5% over the next few years. This pessimistic expectation contrasts with the company's recent 81.1% earnings growth, suggesting potential undervaluation if the company simply maintains stability.
Technical Outlook: Technically, ONON is in a strong downtrend. The price is approaching resistance at $38.13. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: ONON has a strong technical setup (60/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $53.12 (+39.4%). 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 approaching resistance at $38.13. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: ONON has a strong technical setup (60/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $53.12 (+39.4%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
EXTENDED
Historical Trading Range
$34.47 -
$36.72
Company Quality Score
51/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
61.9%
All Signals
- BEARISH: Price extended above range
- BULLISH: Strong technical setup (60/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 39.4% below Wall St target ($53.12)
Trading Range Analysis
30-Day Trading Range
$34.47 -
$36.72
Current vs Trading Range
EXTENDED
Support & Resistance Levels
Support Level
$31.62
Resistance Level
$38.13
Current Trend
Strong Downtrend
Technical data as of
May 18, 2026
Fundamental Context
Forward P/E (Next Year Est.)
22.22
Wall Street Target
$53.12
(+39.4%)
Revenue Growth (YoY)
14.5%
Earnings Growth (YoY)
81.1%
Profit Margin
8.0%
Valuation Discount vs History
-8.5% cheaper
PE vs Historical
22.2 vs 29.0
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-8.5%
(market-implied from PE analysis)
1-Year Target
$34.86
(-9%)
2-Year Target
$31.90
(-16%)
3-Year Target
$29.19
(-23%)
3-Yr Target (if PE normalizes)
(PE: 22→29)
$38.09
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 22.2, Growth: 21.6%)
$68.45
(+80%)
Base:
(SPY PE: 22.1, Growth: 21.6%)
$68.08
(+79%)
Bear:
(PE: 18.8, Growth: 21.6%)
$57.87
(+52%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (39x PE), but valuation improves significantly next year (22x PE) as earnings recover.
Trailing PE: 38.84 | Current EPS (TTM): $0.96
Bull Case
$73.26
(+97%)
Analyst growth 78.6%, PE expands to 42.7
Base Case
$66.60
(+79%)
Market implied 78.6%, PE stable at 38.8
Bear Case
$25.36
(-32%)
Severe decline -20.0%, PE contracts to 33.0
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 22.2 to 29.0
Stabilization Target:
$49.72
(+30.5%)
PE Expansion Potential:
+30.5%
Share & Embed Analysis
Last updated: May 18, 2026 5:19 PM ET
Data refreshes hourly during market hours. Next update: 6:19 PM
Data refreshes hourly during market hours. Next update: 6:19 PM
🔥 Top Stocks Breaking Out Now
| Ticker | Score | Recommendation | Change % |
|---|
Technical Signals Check
Is ONON showing a specific setup today?
Insider Activity (6 Months)
0
Buys
4
Sells
Net
INSIDERS SELLING
Recent Transactions
Martin Hoffmann
SELL
4150 shares
2026-04-20
Martin Hoffmann
SELL
4150 shares
2026-04-13
Martin Hoffmann
SELL
4150 shares
2026-04-06
Top Rated Footwear & Accessories Stocks
Top-rated stocks in Footwear & Accessories by analyst ratings.
| Stock | Analyst Consensus | Analyst Target | Tradestie Score |
|---|---|---|---|
|
BIRK
Birkenstock Holding plc |
STRONG BUY
22 analysts |
$52 | 56 HOLD |
|
NKE
Nike Inc |
HOLD
41 analysts |
$61 | 55 HOLD |
|
DECK
Deckers Outdoor Corporat… |
BUY
24 analysts |
$127 | 58 HOLD |
|
CROX
Crocs Inc |
STRONG BUY
15 analysts |
$113 | 54 HOLD |
|
WWW
Wolverine World Wide Inc |
STRONG BUY
10 analysts |
$22 | 57 HOLD |
Advanced ONON Option Strategies
Professional options setups generated by AI based on today's ONON price and gamma walls.
