Rating Change
Wolfe Research analysts initiated coverage on On Holding AG (NYSE:ONON) with a rating of Outperform on October 22, 2026.
new coverageNYSE:ONON
Wolfe Research Initiates Coverage on On Holding AG (ONON) with Outperform
Wolfe Research analysts initiated coverage on On Holding AG (NYSE:ONON) with a rating of Outperform on October 22, 2026.
At publication ·
What changed
On Holding AG (NYSE:ONON) · new coverage
- Firm
- Wolfe Research
- Rating
- Outperform
- Price at event
- $34.00
- Market capitalization
- $16.2B
At a glance
Key takeaways
- Wolfe Research initiated coverage of On Holding AG (ONON) with an Outperform rating on October 22, 2026.
- ONON trades at $34.00 with a $16.2B market cap and has declined 19.6% over the past 52 weeks.
Market Context
On Holding AG operates in the Consumer Cyclical sector. The stock currently trades at $34.00 with a market capitalization of $16.2B. The stock has declined 19.6% over the past 52 weeks.
Analyst coverage from Wolfe Research provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for On Holding AG.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for On Holding AG
Among the 10 most recent ratings: 9 Buy, 1 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Oct 22, 2026 | Wolfe Research | Outperform | N/A |
| Oct 16, 2026 | Raymond James | Outperform | N/A |
| Oct 01, 2026 | JP Morgan | Overweight | N/A |
| Sep 24, 2026 | BMO Capital | Market Perform | N/A |
| Sep 24, 2026 | Barclays | Overweight | N/A |
Related Tools: Analyst Ratings Dashboard | View ONON Stock Page
Frequently Asked Questions
What does the Outperform rating mean for ONON?
A rating of Outperform from Wolfe Research reflects the analyst's outlook on On Holding AG (NYSE:ONON). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the ONON forecast page.