ONON Stock Analysis: Buy, Sell, or Hold?
ONON - On Holding AG
$35.82
0.98 (2.81%)
▲
5d:
-3.71%
30d:
-2.98%
90d:
-1.1%
HOLD
MODERATE Confidence
Analysis Updated: Jul 24, 2026 12:00 AM ET
Earnings: Aug 11, 2026
15d
Smart Money Accumulation
None View Scanner →
Strength: 8.0/10
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 HOLD: ONON shows mixed signals. Fine to hold existing positions. Not urgent to buy or sell.
📊 HOLD: ONON shows mixed signals. Fine to hold existing positions. Not urgent to buy or sell.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$80.74
Based on 13.4% avg growth
INTRINSIC VALUE TODAY
$50.14
28.6% 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 $35.82, which is considered oversold relative to its 30-day fair value range of $35.87 to $38.01. From a valuation perspective, the stock is trading at a discount (Forward PE: 20.6) compared to its historical average (27.0). Remarkably, the market is currently pricing in an annual earnings decline of 8.6% 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 $34.61, while resistance sits at $39.23.
Market Sentiment: ONON has a weak technical setup (25/100), with bearish trendlines and momentum suggesting caution for short-term entries. Wall Street analysts see significant upside, with an average price target of $51.81 (+44.6%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Technical Outlook: Technically, ONON is in a strong downtrend. Immediate support is located at $34.61, while resistance sits at $39.23.
Market Sentiment: ONON has a weak technical setup (25/100), with bearish trendlines and momentum suggesting caution for short-term entries. Wall Street analysts see significant upside, with an average price target of $51.81 (+44.6%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$35.87 -
$38.01
Company Quality Score
42/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
57.1%
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
- BEARISH: Weak technical setup (25/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 44.6% below Wall St target ($51.81)
Trading Range Analysis
30-Day Trading Range
$35.87 -
$38.01
Current vs Trading Range
OVERSOLD
Support & Resistance Levels
Support Level
$34.61
Resistance Level
$39.23
Current Trend
Strong Downtrend
Technical data as of
Jul 24, 2026
Fundamental Context
Forward P/E (Next Year Est.)
20.62
Wall Street Target
$51.81
(+44.6%)
Revenue Growth (YoY)
14.5%
Earnings Growth (YoY)
81.1%
Profit Margin
8.0%
Valuation Discount vs History
-8.6% cheaper
PE vs Historical
20.6 vs 27.0
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-8.6%
(market-implied from PE analysis)
1-Year Target
$32.74
(-9%)
2-Year Target
$29.92
(-17%)
3-Year Target
$27.35
(-24%)
3-Yr Target (if PE normalizes)
(PE: 21→27)
$35.81
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 20.8, Growth: 22.8%)
$67.02
(+87%)
Base:
(SPY PE: 20.6, Growth: 22.8%)
$66.41
(+85%)
Bear:
(PE: 17.5, Growth: 22.8%)
$56.45
(+58%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (38x PE), but valuation improves significantly next year (21x PE) as earnings recover.
Trailing PE: 37.87 | Current EPS (TTM): $0.92
Bull Case
$72.37
(+102%)
Analyst growth 88.8%, PE expands to 41.7
Base Case
$65.79
(+84%)
Market implied 88.8%, PE stable at 37.9
Bear Case
$23.69
(-34%)
Severe decline -20.0%, PE contracts to 32.2
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 20.6 to 27.0
Stabilization Target:
$46.90
(+30.9%)
PE Expansion Potential:
+30.9%
Share & Embed Analysis
Last updated: July 26, 2026 5:28 AM ET
Data refreshes hourly during market hours. Next update: 6:28 AM
Data refreshes hourly during market hours. Next update: 6:28 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.
