Investment Analysts’ Weekly Ratings Changes for ON (ONON)

ON (NYSE: ONON) recently received a number of ratings updates from brokerages and research firms:

• 5/13/2026 – ON had its price target lowered by Barclays PLC from $57.00 to $46.00. They now have an “overweight” rating on the stock.
• 5/13/2026 – ON had its “buy” rating reaffirmed by Guggenheim. They now have a $51.00 price target on the stock.
• 5/13/2026 – ON had its price target lowered by KeyCorp from $58.00 to $43.00. They now have an “overweight” rating on the stock.
• 5/13/2026 – ON had its price target lowered by Telsey Advisory Group from $60.00 to $51.00. They now have an “outperform” rating on the stock.
• 5/12/2026 – ON was upgraded by Weiss Ratings from “sell (d+)” to “hold (c-)”.
• 5/12/2026 – ON was given a new $42.00 price target by Evercore Inc.
• 5/12/2026 – ON had its price target lowered by Truist Financial Corporation from $55.00 to $48.00. They now have a “buy” rating on the stock.
• 5/12/2026 – ON had its price target lowered by Needham & Company LLC from $52.00 to $45.00. They now have a “buy” rating on the stock.
• 4/23/2026 – ON was upgraded by Raymond James Financial, Inc. from “outperform” to “strong-buy”. They now have a $52.00 price target on the stock.
• 4/21/2026 – ON had its “sell (d+)” rating reaffirmed by Weiss Ratings.

Insider Buying and Selling

In other news, insider Olivier Bernhard purchased 60,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $36.63 per share, for a total transaction of $2,197,800.00. Following the completion of the acquisition, the insider directly owned 5,163,184 shares in the company, valued at $189,127,429.92. This represents a 1.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Caspar Felix Coppetti bought 60,000 shares of ON stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $36.64 per share, with a total value of $2,198,400.00. Following the acquisition, the chief executive officer owned 2,375,855 shares in the company, valued at approximately $87,051,327.20. This represents a 2.59% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 180,000 shares of company stock worth $6,594,000 and sold 20,750 shares worth $745,838. 68.57% of the stock is owned by insiders.

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.