In the latest update from Morgan Stanley, analyst Alex Straton has made adjustments to the price target for On Holding (ONON, Financial) while maintaining the current rating. The investment firm has lowered the price target from $66.00 to $62.00, marking a 6.06% decrease.
Despite the reduction in the price target, Morgan Stanley continues to hold an "Overweight" rating on On Holding (ONON, Financial). This indicates that the firm believes the stock will perform better than the market average over time.
The changes come as part of a periodic review by the analyst, issued on May 6, 2025. On Holding (ONON, Financial), traded on the NYSE, remains under close watch by investors following this revised outlook.
Investors and market participants will be paying attention to how these changes might impact On Holding's (ONON, Financial) stock performance in the upcoming trading sessions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for On Holding AG (ONON, Financial) is $60.38 with a high estimate of $85.07 and a low estimate of $49.97. The average target implies an upside of 24.01% from the current price of $48.69. More detailed estimate data can be found on the On Holding AG (ONON) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, On Holding AG's (ONON, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for On Holding AG (ONON, Financial) in one year is $53.21, suggesting a upside of 9.29% from the current price of $48.688093. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the On Holding AG (ONON) Summary page.
