On Holding (NYSE: ONON) Reports Strong Q1 2026 Financial Results Amidst Analyst Price Target Adjustment

Font: Financial Modeling Prep  • May 12, 2026

• On Holding delivered robust financial results for Q1 2026, surpassing analyst expectations for both earnings and revenue.
• Despite a slight adjustment, Evercore ISI's price target for On Holding still indicates a significant potential upside for the stock.
• The global sports brand continues its strong growth trajectory, driven by a premium product strategy and expanding market presence.

On Holding (NYSE: ONON), a leading global sports brand, designs and sells performance footwear and apparel. The company focuses on a premium product strategy and is expanding its presence in communities worldwide. It has recently reported strong financial results for the first quarter of 2026.

On May 12, 2026, investment banking firm Evercore ISI adjusted its price target for On Holding. The target was lowered to $42.00 from a previous $45.00. When this target was set, the stock was trading at $33.83, meaning the new target still represents a potential upside of 24.17%.

This analyst action comes as On Holding reports strong quarterly performance. The company announced earnings of $0.47 per share, which is significantly higher than the Zacks Consensus Estimate of $0.35 per share. This figure is also more than double the $0.23 per share earned in the same quarter last year.

Revenue also shows strong growth, with On Holding posting $1.06 billion for the quarter. This is a notable increase from the $808.10 million reported in the same period a year ago. As highlighted by Zacks, this marks the fourth consecutive quarter that the company has surpassed revenue estimates.

Founder and Co-CEO Caspar Coppetti called it an "outstanding start to the year," as reported by Business Wire. The stock currently trades around $33.84, with a 52-week range between $31.41 and $61.29. The company has a market capitalization of approximately $11.20 billion.