ON (ONON) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for ON (NYSE: ONON):

• 2/10/2026 – ON was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating.
• 1/29/2026 – ON had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $70.00 price target on the stock.
• 1/28/2026 – ON was given a new $60.00 price target on by analysts at Stifel Nicolaus.
• 1/28/2026 – ON had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $52.00 price target on the stock.
• 1/28/2026 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $65.00 price target on the stock.
• 1/22/2026 – ON had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.
• 1/22/2026 – ON had its price target lowered by analysts at KeyCorp from $68.00 to $58.00. They now have an “overweight” rating on the stock.
• 1/14/2026 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $65.00 price target on the stock.
• 1/12/2026 – ON was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating.
• 1/8/2026 – ON was downgraded by analysts at Williams Trading from a “buy” rating to a “hold” rating. They now have a $47.00 price target on the stock, down previously from $55.00.
• 1/5/2026 – ON had its “buy” rating reaffirmed by analysts at UBS Group AG.
• 12/29/2025 – ON was given a new $85.00 price target on by analysts at UBS Group AG.

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.