ONON Stock Analysis: Buy, Sell, or Hold?
ONON - On Holding AG
$30.02
0.12 (0.40%)
▲
5d:
-6.83%
30d:
-13.83%
90d:
-23.4%
WAIT
LOW Confidence
Analysis Updated: Aug 21, 2026 12:00 AM ET
Earnings: Aug 11, 2026
0d
Smart Money Accumulation
Options open interest is building while the stock consolidates - a pattern consistent with institutional accumulation. View Scanner →
Signal fired Aug 7, 2026 at $37.55 · last confirmed Aug 19, 2026
Strength: 6.6/10
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 MIXED SIGNALS: ONON shows conflicting indicators. Wait for confirmation before entering.
📊 MIXED SIGNALS: ONON shows conflicting indicators. Wait for confirmation before entering.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$71.93
Based on 11.5% avg growth
INTRINSIC VALUE TODAY
$44.66
32.8% 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 $30.02, which is considered oversold relative to its 30-day fair value range of $32.44 to $38.46. From a valuation perspective, the stock is trading at a discount (Forward PE: 17.9) compared to its historical average (26.5). Remarkably, the market is currently pricing in an annual earnings decline of 12.3% 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 $29.63. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock scores a mixed 53/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Wall Street analysts see significant upside, with an average price target of $45.66 (+52.1%). Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, ONON is in a strong downtrend. The price is currently testing key support at $29.63. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock scores a mixed 53/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Wall Street analysts see significant upside, with an average price target of $45.66 (+52.1%). Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$32.44 -
$38.46
Company Quality Score
49/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
79.5%
Protect Your Profits
Holding ONON? Use our AI-powered strategies to protect your downside while keeping your long-term position.
View Profit Protection PlanAll Signals
- BULLISH: Price oversold vs 30-day range
- NEUTRAL: Mixed technical signals (53/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 52.1% below Wall St target ($45.66)
- WARNING: Composite score 49/100 in the bottom quintile — this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$32.44 -
$38.46
Current vs Trading Range
OVERSOLD
Support & Resistance Levels
Support Level
$29.63
Resistance Level
$39.05
Current Trend
Strong Downtrend
Technical data as of
Aug 21, 2026
Fundamental Context
Forward P/E (Next Year Est.)
17.88
Wall Street Target
$45.66
(+52.1%)
Revenue Growth (YoY)
13.5%
Earnings Growth (YoY)
81.1%
Profit Margin
12.3%
Valuation Discount vs History
-12.3% cheaper
PE vs Historical
17.9 vs 26.5
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-12.3%
(market-implied from PE analysis)
1-Year Target
$27.02
(-10%)
2-Year Target
$24.32
(-19%)
3-Year Target
$21.88
(-27%)
3-Yr Target (if PE normalizes)
(PE: 18→27)
$32.44
(+8%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 20.1, Growth: 19.0%)
$56.78
(+89%)
Base:
(SPY PE: 17.9, Growth: 19.0%)
$50.58
(+69%)
Bear:
(PE: 15.2, Growth: 19.0%)
$42.99
(+43%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (22x PE), but valuation improves significantly next year (18x PE) as earnings recover.
Trailing PE: 21.51 | Current EPS (TTM): $1.39
Bull Case
$39.73
(+32%)
Analyst growth 20.8%, PE expands to 23.7
Base Case
$36.12
(+20%)
Market implied 20.8%, PE stable at 21.5
Bear Case
$20.33
(-32%)
Severe decline -20.0%, PE contracts to 18.3
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 17.9 to 26.5
Stabilization Target:
$44.49
(+48.2%)
PE Expansion Potential:
+48.2%
Share & Embed Analysis
Last updated: August 23, 2026 8:36 AM ET
Data refreshes hourly during market hours. Next update: 9:36 AM
Data refreshes hourly during market hours. Next update: 9:36 AM
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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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Advanced ONON Option Strategies
Professional options setups generated by AI based on today's ONON price and gamma walls.
