ONON Stock Analysis: Buy, Sell, or Hold?
ONON - On Holding AG
$38.54
1.77 (4.81%)
▲
5d:
+4.64%
30d:
+0.76%
90d:
+11.9%
BUY
MODERATE Confidence
Analysis Updated: Jul 10, 2026 12:00 AM ET
Earnings: Aug 11, 2026
30d
Smart Money Accumulation
None View Scanner →
Strength: 5.6/10
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1 traders called ONON this week
100% bullish • 0 bearish
100% bullish • 0 bearish
Interactive Price Chart (1 Month)
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Bottom Line:
💡 BUY OPPORTUNITY: ONON shows positive signals but monitor for confirmation. Market pricing in 6.7% decline. Moderate conviction.
💡 BUY OPPORTUNITY: ONON shows positive signals but monitor for confirmation. Market pricing in 6.7% decline. Moderate conviction.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$80.48
Based on 13.4% avg growth
INTRINSIC VALUE TODAY
$49.97
22.9% 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 $38.54, which is considered extended relative to its 30-day fair value range of $36.14 to $38.49. From a valuation perspective, the stock is trading at a discount (Forward PE: 22.2) compared to its historical average (27.3). Remarkably, the market is currently pricing in an annual earnings decline of 6.7% 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. Immediate support is located at $35.78, while resistance sits at $41.41. The stock is showing strong short-term momentum, up 4.8% recently.
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 $52.22 (+35.5%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, ONON is in a strong downtrend. Immediate support is located at $35.78, while resistance sits at $41.41. The stock is showing strong short-term momentum, up 4.8% recently.
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 $52.22 (+35.5%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
EXTENDED
Historical Trading Range
$36.14 -
$38.49
Company Quality Score
57/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
66.7%
All Signals
- BEARISH: Price extended above range
- BULLISH: Strong technical setup (60/100)
- BULLISH: High volume confirmation
- BULLISH: Strong upward momentum (+4.8%)
- BULLISH: Trading 35.5% below Wall St target ($52.22)
Trading Range Analysis
30-Day Trading Range
$36.14 -
$38.49
Current vs Trading Range
EXTENDED
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.)
22.21
Wall Street Target
$52.22
(+35.5%)
Revenue Growth (YoY)
14.5%
Earnings Growth (YoY)
81.1%
Profit Margin
8.0%
Valuation Discount vs History
-6.7% cheaper
PE vs Historical
22.2 vs 27.3
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-6.7%
(market-implied from PE analysis)
1-Year Target
$35.96
(-7%)
2-Year Target
$33.55
(-13%)
3-Year Target
$31.30
(-19%)
3-Yr Target (if PE normalizes)
(PE: 22→27)
$38.47
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 22.2, Growth: 22.7%)
$71.21
(+85%)
Base:
(SPY PE: 21.8, Growth: 22.7%)
$69.83
(+81%)
Bear:
(PE: 18.5, Growth: 22.7%)
$59.35
(+54%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (40x PE), but valuation improves significantly next year (22x PE) as earnings recover.
Trailing PE: 39.54 | Current EPS (TTM): $0.93
Bull Case
$75.47
(+96%)
Analyst growth 86.6%, PE expands to 43.5
Base Case
$68.61
(+78%)
Market implied 86.6%, PE stable at 39.5
Bear Case
$25.00
(-35%)
Severe decline -20.0%, PE contracts to 33.6
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 27.3
Stabilization Target:
$47.37
(+22.9%)
PE Expansion Potential:
+22.9%
Share & Embed Analysis
Last updated: July 11, 2026 3:55 AM ET
Data refreshes hourly during market hours. Next update: 4:55 AM
Data refreshes hourly during market hours. Next update: 4:55 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.
