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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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