Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
On Holding demonstrates a compelling short-term growth profile with 25% revenue growth in Q3 2025, record profitability margins, raised guidance for 2025-2026, and robust technical momentum with a ~30% recent price recovery. This combination of operational excellence and positive market sentiment supports strong near-term return potential.
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AI Analyst Overview
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Valuation Metrics
Price Behavior
Key Price Behavior Insights: ⢠Lower highs ⢠Support holding ⢠Failed breakout Support Level: $35.4 to $35.6 Resistance Level: $37.0 to $38.5 Over the last month, ONON has turned mildly bearish, with lower highs and a failed rally leaving it vulnerable unless it reclaims $37.0-$38.5 and holds above $35.4.
Sentiment & News
Key News Insights: ⢠Growth momentum ⢠Analyst support ⢠Mild pullback ON Holding AG stayed in focus through July 2026 on upbeat growth-and-analyst coverage, with mostly positive price action and only a modest late-month pullback.
AI Summary
ONON should now be viewed as a high-expectation execution story rather than a simple growth brand, with the stock's rich ~39x earnings multiple meaning upside likely depends on continued beats, guidance raises, and durable marginsâwhile any slowdown or margin slip could trigger sharp valuation compression.
Description
On Holding AG is a Switzerland-based company that develops and sells sports footwear, apparel and related accessories to customers around the world. It reaches buyers through independent retailers and distributors as well as online channels and its own stores. The firm was founded in 2010 and is headquartered in Zurich.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Dec 9 | Dec 16 | ONON | On Holding AG | On Holding demonstrates a compelling short-term growth profile with 25% revenue growth in Q3 2025, record profitability margins, raised guidance for 2025-2026, and robust technical momentum with a ~30% recent price recovery. This combination of operational excellence and positive market sentiment supports strong near-term return potential. | Closed | +2.1% |
| Nov 17 | Nov 24 | ONON | On Holding AG | Q3 2025 revenue growth of 24.9%, consecutive guidance raises, strong Asia-Pacific expansion, premium margin maintenance, and 20% post-earnings price rally with strong technical momentum identify On Holding as a strong short-term growth opportunity. | Closed | -1.5% |