Piper Sandler has revised its price target for On Holding (ONON, Financial), reducing it from $62 to $55 while maintaining an Overweight rating on the stock. This adjustment comes amid challenges such as the imposition of 145% tariffs on goods from China and 10% on imports from other countries, which have notably impacted the company's financial outlook.
In light of these developments, Piper Sandler has also lowered its earnings per share (EPS) estimates for On Holding by 14% for the 2025/2026 period. The firm reasons that approximately 25% of the cost pressures are being absorbed into the profit and loss statements, reflective of the ongoing tariff impact.
Moreover, the potential for a recessionary environment has prompted a downward adjustment in sales projections, as consumer demand is expected to decline under such economic conditions. Despite these challenges, Piper Sandler continues to hold an optimistic long-term view with its Overweight rating, suggesting confidence in the company's ability to navigate these pressures.
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 $62.81 with a high estimate of $82.15 and a low estimate of $50.35. The average target implies an upside of 46.00% from the current price of $43.02. 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 1.9, 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 $50.66, suggesting a upside of 17.76% from the current price of $43.02. 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.
