On Holding AG (NYSE:ONON) Earns a Spot on Our Companies List 15 Stocks That Will Explode in the Next 3 Years.
On Holding AG (NYSE:ONON) combines a major leadership change with continued analyst confidence in its long-term growth plan.
As of April 6, 2026, On Holding AG (NYSE:ONON) has a consensus price target of $56.73, implying an upside of approximately 70%. More than 80% of covering analysts maintain bullish ratings on the stock, making it one of the good stocks to buy. The stock is down about 30% so far this year.
On March 25, 2026, Telsey Advisory lowered its price target from $65 to $60, maintaining an “outperform” rating. The firm cites the CEO change as a source of near-term risk, despite On Holding AG’s (NYSE:ONON) consistent growth and profitability trajectory, supported by product innovation, opening 20 to 25 stores per year, expanding wholesale doors, increased apparel penetration, expansion into underpenetrated markets and continued marketing spending.
Amid record 2025 net sales exceeding CHF 3 billion, On Holding AG (NYSE:ONON) announced a broader leadership reshuffle on the same day, combining a major leadership reset with analysts’ continued confidence in the company’s long-term growth. Co-founders David Allemann and Caspar Coppetti will take over as co-CEOs on May 1, 2026, while Martin Hoffmann will step down and continue to serve as an advisor until March 2027.
On Holding AG (NYSE:ONON), together with its subsidiaries, develops and distributes high-performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the US, the rest of the Americas and Asia-Pacific.
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