JPMorgan raises target for On Holding stock from USD 41.00 to USD 44.00

Published on 10/13/2026 at 03:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan set USD 44.00 for On Holding stock on October 1, 2026, from USD 41.00. Second-quarter revenue reached USD 850.30 million, up 13.50 percent.

Key points in brief

JPMorgan raised its On Holding price target from USD 41.00 to USD 44.00 on October 1, 2026.
Second-quarter revenue reached USD 850.30 million, up 13.50 percent year over year.
On Holding had a USD 11.8 billion market capitalization and a USD 26.36 to USD 51.08 52-week range as of October 12, 2026.
The next earnings date is November 17, 2026.

ONON, CH1134540470, Illustration mit AI erstellt.

JPMorgan raised its price target for On Holding AG (ISIN CH1134540470) from USD 41.00 to USD 44.00 on October 1, 2026, while keeping an Overweight rating. The 7.32 percent target increase gives the latest analyst view a concrete benchmark as the Swiss sportswear company prepares for its next results update.

Three milestones shape the story

On March 31, 2026, On Holding reported first-quarter revenue of CHF 831.90 million, up 14.00 percent year over year, with net income of CHF 103.30 million, according to Simply Wall St.

On June 30, 2026, second-quarter revenue reached USD 850.30 million, compared with USD 749.20 million a year earlier, while GAAP net income reached USD 105.00 million against a USD 40.90 million loss, Markets Insider reported. On October 1, 2026, JPMorgan lifted its target to USD 44.00 from USD 41.00, according to Markets Insider.

What does the target change imply?

The target increase is modest in percentage terms, but it places the analyst view above the latest reported operating base. On Holding's second-quarter direct-to-consumer sales rose 26.00 percent year over year to CHF 388.40 million, and the channel represented 45.70 percent of sales versus 41.10 percent a year earlier, according to Zacks. That mix shift is the key operating detail behind the target discussion because direct sales give On more control over pricing and customer engagement.

Next results date is November 17

The next scheduled reporting event is November 17, 2026, when On Holding is expected to publish third-quarter 2026 results, according to The Wall Street Journal. The figure to watch is whether direct-to-consumer growth can continue to offset pressure in wholesale channels during the second half of the year.

Market value and trading range

On Holding had a market capitalization of USD 11.8 billion as of October 12, 2026. Its 52-week range was USD 26.36 to USD 51.08 on the same date, leaving the stock's valuation sensitive to evidence that the growth plan can convert into sustained earnings expansion.

The further course of trading is shown by the continuously updated real-time quote of On Holding stock.