ONON Stock Analysis: Buy, Sell, or Hold?
ONON - On Holding AG
$36.83
1.27 (3.57%)
▲
5d:
+0.68%
30d:
-3.89%
90d:
+5.92%
BUY
HIGH Confidence
Analysis Updated: Jul 2, 2026 12:00 AM ET
Earnings: Aug 11, 2026
Smart Money Distribution
None View Scanner →
Strength: 7.9/10
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Interactive Price Chart (1 Month)
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Bottom Line:
✅ BUY SIGNAL: ONON appears deeply undervalued. Market expects -8.1% annual earnings decline despite 81% recent earnings growth. Contrarian opportunity at discount to historical valuation.
✅ BUY SIGNAL: ONON appears deeply undervalued. Market expects -8.1% annual earnings decline despite 81% recent earnings growth. Contrarian opportunity at discount to historical valuation.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$79.91
Based on 13.3% avg growth
INTRINSIC VALUE TODAY
$49.62
25.8% 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 $36.83, which is considered slightly low relative to its 30-day fair value range of $36.27 to $39.30. From a valuation perspective, the stock is trading at a discount (Forward PE: 21.3) compared to its historical average (27.5). Remarkably, the market is currently pricing in an annual earnings decline of 8.1% 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 currently testing key support at $35.78. A bounce from this level would confirm strength, while a break below could signal further downside. The stock is showing strong short-term momentum, up 3.6% recently.
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 $52.33 (+42.1%). 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 $35.78. A bounce from this level would confirm strength, while a break below could signal further downside. The stock is showing strong short-term momentum, up 3.6% recently.
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 $52.33 (+42.1%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
SLIGHTLY LOW
Historical Trading Range
$36.27 -
$39.30
Company Quality Score
52/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
84.3%
All Signals
- BULLISH: Price oversold vs 30-day range
- NEUTRAL: Mixed technical signals (40/100)
- BULLISH: High volume confirmation
- BULLISH: Strong upward momentum (+3.6%)
- BULLISH: Trading 42.1% below Wall St target ($52.33)
Trading Range Analysis
30-Day Trading Range
$36.27 -
$39.30
Current vs Trading Range
SLIGHTLY LOW
Support & Resistance Levels
Support Level
$35.78
Resistance Level
$41.41
Current Trend
Strong Downtrend
Technical data as of
Jun 9, 2026
Fundamental Context
Forward P/E (Next Year Est.)
21.33
Wall Street Target
$52.33
(+42.1%)
Revenue Growth (YoY)
14.5%
Earnings Growth (YoY)
81.1%
Profit Margin
8.0%
Valuation Discount vs History
-8.1% cheaper
PE vs Historical
21.3 vs 27.5
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-8.1%
(market-implied from PE analysis)
1-Year Target
$33.85
(-8%)
2-Year Target
$31.11
(-16%)
3-Year Target
$28.59
(-22%)
3-Yr Target (if PE normalizes)
(PE: 21→28)
$36.85
(+0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 21.8, Growth: 22.6%)
$69.24
(+88%)
Base:
(SPY PE: 21.3, Growth: 22.6%)
$67.82
(+84%)
Bear:
(PE: 18.1, Growth: 22.6%)
$57.64
(+57%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (39x PE), but valuation improves significantly next year (21x PE) as earnings recover.
Trailing PE: 39.10 | Current EPS (TTM): $0.93
Bull Case
$74.25
(+102%)
Analyst growth 85.6%, PE expands to 43.0
Base Case
$67.50
(+83%)
Market implied 85.6%, PE stable at 39.1
Bear Case
$24.72
(-33%)
Severe decline -20.0%, PE contracts to 33.2
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 21.3 to 27.5
Stabilization Target:
$47.48
(+28.9%)
PE Expansion Potential:
+28.9%
Share & Embed Analysis
Last updated: July 03, 2026 6:24 PM ET
Data refreshes hourly during market hours. Next update: 7:24 PM
Data refreshes hourly during market hours. Next update: 7:24 PM
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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
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