On May 8, 2025, Canaccord Genuity's analyst David Hynes updated their evaluation of ON24 (ONTF, Financial), a prominent provider of webinar and virtual event solutions. The analyst maintained a 'Hold' rating on the stock, signaling consistent sentiment regarding the company's prospects.
Despite holding the same rating, Canaccord Genuity made a notable adjustment to the price target for ON24 (ONTF, Financial). The price target was lowered from a previous $9.00 to $5.00. This change reflects a decrease of approximately 44.44% in the projected valuation.
The revised price target for ON24 (ONTF, Financial) suggests a more cautious outlook on the company's future performance in the stock market, aligning with the 'Hold' rating maintained by the analyst. Investors and stakeholders may want to consider this updated forecast when evaluating their portfolios.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for ON24 Inc (ONTF, Financial) is $7.00 with a high estimate of $9.00 and a low estimate of $5.00. The average target implies an upside of 41.70% from the current price of $4.94. More detailed estimate data can be found on the ON24 Inc (ONTF) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, ON24 Inc's (ONTF, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" 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 ON24 Inc (ONTF, Financial) in one year is $6.44, suggesting a upside of 30.36% from the current price of $4.94. 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 ON24 Inc (ONTF) Summary page.
