On Holding AG Website

On Holding AG

NYSE-ONON

Company Overview

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

  • Name

    On Holding AG

  • CEO

    Martin Hoffmann

  • Website

    www.on.com

  • Sector

    Textiles, Apparel and Luxury Goods

  • Year Founded

    2010

Company Statistics

Profile

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What's happening

Nov 6, 2025 - Dec 6, 2025

On Holding AG Soars with Strong Earnings and Analyst Support

  • ONON's stock surged by 33.4% over the past month, significantly outperforming the S&P 500's gain of only 1.2%.
  • The company's Q3 earnings report revealed an EPS of CHF0.43, exceeding expectations and driving bullish market sentiment.
  • Analysts from JPMorgan and Piper Sandler raised their price targets for ONON, reflecting confidence in its growth potential.

Over the past month, On Holding AG (ONON) experienced a remarkable increase in stock value, rising by 33.4%. This performance starkly contrasts with the S&P 500's modest gain of only 1.2%, indicating that ONON outperformed the broader market by an impressive margin of 32.2%. The strong showing was primarily driven by positive sentiments surrounding its financial results and strategic positioning.

Following the release of its Q3 earnings report on November 12, ONON reported earnings per share (EPS) significantly above expectations at CHF0.43 compared to a consensus estimate of CHF0.26. Revenues also exceeded forecasts, climbing to CHF794.4 million—a year-over-year increase of nearly 25%. This announcement prompted analysts to respond positively; JPMorgan raised their price target for ONON from $71 to $75 while maintaining an Overweight rating.

In addition to these favorable earnings results, Piper Sandler reaffirmed an Overweight rating and increased its price target from $55 to $60 shortly before this period ended on November 25. This endorsement reflected optimism regarding ONON's growth trajectory in key markets like Asia and highlighted strong demand across various sales channels.

Despite some bearish sentiment earlier in the month due to concerns over capital raising through securities filings and mixed reactions around holiday demand reports from Truist on November 21—where they maintained a cautiously optimistic view—the overall trend remained positive as investors focused more on long-term growth prospects rather than short-term fluctuations.

As a result of these developments throughout November into early December, On Holding AG not only demonstrated robust financial health but also solidified its position within the Consumer Discretionary sector—outperforming it by an extraordinary rate of 83.7%.

NYSE:ONON