Evercore ISI Lowers its Price Target on On Holding (ONON) to $45 from $58

On Holding AG (NYSE:ONON) is one of the 10 Best 52-Week Low NYSE Stocks to Buy Now.

On March 27, 2026, Evercore ISI analyst Michael Binetti lowered the price target on On Holding AG (NYSE:ONON) to $45 from $58 and maintained an Outperform rating, saying the CEO’s exit “injects a new layer of uncertainty” while noting it does not change the firm’s core view.

On March 26, 2026, Telsey Advisory analyst Cristina Fernandez lowered the price target on On Holding AG (NYSE:ONON) to $60 from $65 and maintained an Outperform rating, citing near-term risks from the leadership transition but pointing to continued growth drivers including product innovation, store expansion, and market penetration.

Evercore ISI Lowers its Price Target on On Holding (ONON) to $45 from $58

Mbuso Sydwell Nkosi/Shutterstock.com

On March 25, 2026, BTIG reiterated a Buy rating and $70 price target, saying the transition reflects the company’s next phase of growth rather than business challenges, with management describing the outlook as “as high as ever.”

Earlier that day, the company announced that co-founders David Allemann and Caspar Coppetti will become co-CEOs effective May 1, Scott Maguire will serve as president and COO, and Martin Hoffmann will step down and remain an advisor through March 2027, with Frank Sluis joining as CFO.

On Holding AG (NYSE:ONON) develops and distributes performance sports products globally.

While we acknowledge the risk and potential of ONON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ONON and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.