Where is On Holding AG (ONON) Headed According to Analysts?

On Holding AG (NYSE:ONON) is one of the best most oversold large cap stocks so far in 2025. On September 17, UBS analyst Jay Sole maintained a Buy rating on On Holding AG (NYSE:ONON) and set a price target of $79.00.

Why On Holding AG (ONON) Surged Yesterday

Morgan Stanley also maintained a Buy rating on On Holding AG (NYSE:ONON) on September 12, setting a price target of $65.00.

Similarly, Bernstein analyst Aneesha Sherman maintained a Buy rating on On Holding AG (NYSE:ONON) on September 9 and set a price target of $70.00.

The analyst consensus rating for On Holding AG (NYSE:ONON) is a Strong Buy, and the stock’s median price target of $40.96 implies an upside of 68.28% from current levels.

On Holding AG (NYSE:ONON) is involved in the development and distribution of sports products, including apparel, footwear, and accessories. The company sells its products across the globe through global distributors, independent retailers, an online presence, and its stores.

While we acknowledge the potential of ONON to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ONON and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.