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On Holding AG (ONON)PT Lowered to $42 at Goldman Sachs

Tue, 11 Aug 2026 16:25:20 -0400

Goldman Sachs analyst Richard Edwards lowered the price target on On Holding AG (NYSE: ONON) to $42.00 (from $46.00) while maintaining a Buy rating.

The analyst comments "GS view: On's 2Q26 results demonstrate their disciplined approach to protecting their premium brand positioning in light of a highly promotional wholesale marketplace in the US. Consequently, whilst 2Q headline sales was a miss at CHF 850.3mn vs consensus at CHF 880mn, wholesale growth came in markedly below expectations at cFX +12.7% yoy. Conversely, DTC growth remained strong at cFX +34.3% yoy driving gross margin +390bps yoy to 65.4%, with adj.EBITDA margin +160bp yoy

On Holding AG (ONON)PT Lowered to $42 at Goldman Sachs

Tue, 11 Aug 2026 16:25:20 -0400

Goldman Sachs analyst Richard Edwards lowered the price target on On Holding AG (NYSE: ONON) to $42.00 (from $46.00) while maintaining a Buy rating.

On Holding AG (ONON) PT Lowered to $60 at BTIG

Tue, 11 Aug 2026 13:53:49 -0400

(Updated - August 11, 2026 1:53 PM EDT)

BTIG analyst Janine Stichter lowered the price target on On Holding AG (NYSE: ONON) to $60.00 (from $70.00) while maintaining a Buy rating.

The analyst commented: "Q2 missed on lower wholesale revs in the Americas, leading to a softer outlook for H2 as the company carefully manages channel inventory ahead of most franchises transitioning to new technologies in '27. On was already in the 'show me camp' and this puts the company even more firmly in this position, as the market looks to gauge whether wholesale can re-accelerate as sell-throughs improve with new innovation

On Holding AG (ONON) PT Lowered to $60 at BTIG

Tue, 11 Aug 2026 13:53:49 -0400

(Updated - August 11, 2026 1:53 PM EDT)

BTIG analyst Janine Stichter lowered the price target on On Holding AG (NYSE: ONON) to $60.00 (from $70.00) while maintaining a Buy rating.

On Holding AG (ONON) PT Lowered to $32 at Williams Trading

Tue, 11 Aug 2026 13:11:55 -0400

Williams Trading analyst Sam Poser lowered the price target on On Holding AG (NYSE: ONON) to $32.00 (from $38.00) while maintaining a Hold rating.

The analyst comments "Reducing estimates, and lowering PT from $38 to $32. The 2Q26 results missed consensus revenue estimates, but more importantly, FY26 revenue guidance was cut. ONON is running out of new channels of wholesale distribution and expansion within current wholesale distribution, which is reflective of worse than expected sell-through rates in the Americas (over 53% of total revenue), especially in the U.S. ONON's DTC revenue accelerated, driven by new stores and e-commerce. The accelerating DTC

On Holding AG (ONON) PT Lowered to $32 at Williams Trading

Tue, 11 Aug 2026 13:11:55 -0400

Williams Trading analyst Sam Poser lowered the price target on On Holding AG (NYSE: ONON) to $32.00 (from $38.00) while maintaining a Hold rating.

William Blair Downgrades On Holding AG (ONON) to Market Perform

Tue, 11 Aug 2026 13:03:35 -0400

(Updated - August 11, 2026 1:03 PM EDT)

William Blair analyst Dylan Carden downgraded On Holding AG (NYSE: ONON) from Outperform to Market Perform.

The analyst comments "We think On has a strong track record in layering in new product to support overall growth, being effectively the crux of our thesis. What is harder for us to handicap here is a view that the inflation overhang in the apparel and footwear space more broadly is becoming more acute. This would explain seeing more promotional activity around lifestyle product, something we expect could be more of a theme moving into the later part

William Blair Downgrades On Holding AG (ONON) to Market Perform

Tue, 11 Aug 2026 13:03:35 -0400

(Updated - August 11, 2026 1:03 PM EDT)

William Blair analyst Dylan Carden downgraded On Holding AG (NYSE: ONON) from Outperform to Market Perform.

On Holding shares fall sharply after Q2 sales miss

Tue, 11 Aug 2026 06:51:07 -0400

Investing.com -- On Holding shares fell sharply after the Swiss sportswear maker’s second-quarter revenue fell short of expectations.

The company reported second-quarter earnings per share of CHF 0.31, beating the analyst estimate of CHF 0.29. Revenue rose 21.6% on a constant currency basis to CHF 850.3 million, but missed the CHF 881.4 million consensus estimate.

The company’s shares sank more than 13% in U.S. premarket trading by 05:12 ET (09:12 GMT).

Growth in the quarter was led by exceptional strength in On’s direct-to-consumer channel, which grew 34.3% on a constant currency basis, exceeding expectations in every region. Asia-Pacific again contributed more than

On Holding shares fall sharply after Q2 sales miss

Tue, 11 Aug 2026 06:51:07 -0400

Investing.com -- On Holding shares fell sharply after the Swiss sportswear maker’s second-quarter revenue fell short of expectations.

The company’s shares sank more than 13% in U.S. premarket trading by 05:12 ET (09:12 GMT).

On Holding shares fall sharply after Q2 sales miss

Tue, 11 Aug 2026 06:51:07 -0400

Investing.com -- On Holding shares fell sharply after the Swiss sportswear maker’s second-quarter revenue fell short of expectations.

The company’s shares sank more than 13% in U.S. premarket trading by 05:12 ET (09:12 GMT).

Form 6-K On Holding AG For: Jun 30

Tue, 11 Aug 2026 06:11:00 -0400

si-local-file:///var/storage/secattach/20260811/26900737.html

Form 6-K On Holding AG For: Jun 30

Tue, 11 Aug 2026 06:11:00 -0400

si-local-file:///var/storage/secattach/20260811/26900737.html

On Holding AG (ONON) Tops Q2 EPS by 2c; upgrades guidance

Tue, 11 Aug 2026 05:02:56 -0400

On Holding AG (NYSE: ONON) reported Q2 EPS of CHF0.31, CHF0.02 better than the analyst estimate of CHF0.29. Revenue for the quarter came in at CHF850.3 million versus the consensus estimate of CHF881.4 million.

GUIDANCE:

On Holding AG sees FY2026 revenue of CHF3.47-3.56 billion, saw at least CHF 3,44 billion, versus the consensus of CHF3.56 billion.

For earnings history and earnings-related data on On Holding AG (ONON) click here.

On Holding AG (ONON) Tops Q2 EPS by 2c; upgrades guidance

Tue, 11 Aug 2026 05:02:56 -0400

GUIDANCE:

On Holding AG sees FY2026 revenue of CHF3.47-3.56 billion, saw at least CHF 3,44 billion, versus the consensus of CHF3.56 billion.

For earnings history and earnings-related data on On Holding AG (ONON) click here.

On Reports Results for the Second Quarter and Six-Month Period Ended June 30, 2026