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An update from On Holding AG ( (ONON) ) is now available.
On Holding AG has called its 2026 annual general shareholders’ meeting for May 28, 2026, to be held virtually, with prior registration required and the option for shareholders to vote via an independent proxy. The AGM agenda includes approval of the 2025 annual report and financial statements, appropriation of 2025 results, endorsement of the 2025 non-financial report, discharge of directors and executive officers for 2025, and the re-election of Alex Pérez as the representative of Class A shareholders on the board.
The company frames 2025 as a record year marked by surpassing CHF 3 billion in net sales, rapid expansion in apparel, and continued investment in proprietary performance technologies such as LightSpray and advanced superfoam-based footwear. Leadership changes are a key focus, with long-serving CEO Martin Hoffmann stepping down for a break and founders Caspar Coppetti and David Allemann taking over as co-CEOs, supported by newly appointed COO & President Scott Maguire and CFO Frank Sluis, signaling a founder-led next growth phase aimed at cementing On’s position as a premium global sports brand.
The most recent analyst rating on (ONON) stock is a Hold with a $30.50 price target. To see the full list of analyst forecasts on On Holding AG stock, see the ONON Stock Forecast page.
Spark’s Take on ONON Stock
According to Spark, TipRanks’ AI Analyst, ONON is a Neutral.
The score is driven by solid underlying financial performance and a strong, margin-supportive 2026 outlook from the latest earnings call, but it is held back by very weak technicals (deep downtrend) and a demanding valuation (high P/E with no dividend support).
To see Spark’s full report on ONON stock, click here.
More about On Holding AG
On Holding AG is a Swiss performance sportswear company headquartered in Zurich that focuses on premium running and athletic footwear, apparel and related gear. The brand targets a global, style-conscious “Movement Class” consumer, positioning itself at the intersection of high-performance innovation and aspirational lifestyle, with growing presence in key retail hubs such as Tokyo and Seoul.
Average Trading Volume: 6,462,554
Technical Sentiment Signal: Hold
Current Market Cap: $11.73B
Find detailed analytics on ONON stock on TipRanks’ Stock Analysis page.