Rating Change
Wells Fargo analysts initiated coverage on On Holding AG (NYSE:ONON) with a rating of Overweight on November 04, 2026.
new coverageNYSE:ONON
Wells Fargo Initiates Coverage on On Holding AG (ONON) with Overweight
Wells Fargo analysts initiated coverage on On Holding AG (NYSE:ONON) with a rating of Overweight on November 04, 2026.
At publication ·
What changed
On Holding AG (NYSE:ONON) · new coverage
- Firm
- Wells Fargo
- Rating
- Overweight
- Price at event
- $38.62
- Market capitalization
- $16.2B
At a glance
Key takeaways
- Wells Fargo initiated Overweight coverage on On Holding AG (ONON) on November 4, 2026, with the stock trading at $38.62 and a market cap of $16.2B.
Market Context
On Holding AG operates in the Consumer Cyclical sector. The stock currently trades at $38.62 with a market capitalization of $16.2B. The stock has gained 0.1% over the past 52 weeks.
Analyst coverage from Wells Fargo provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for On Holding AG.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for On Holding AG
Among the 10 most recent ratings: 9 Buy, 1 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Nov 04, 2026 | Wells Fargo | Overweight | N/A |
| Nov 03, 2026 | BTIG | Buy | N/A |
| Oct 22, 2026 | Wolfe Research | Outperform | N/A |
| Oct 16, 2026 | Raymond James | Outperform | N/A |
| Oct 01, 2026 | JP Morgan | Overweight | N/A |
Related Tools: Analyst Ratings Dashboard | View ONON Stock Page
Frequently Asked Questions
What does the Overweight rating mean for ONON?
A rating of Overweight from Wells Fargo reflects the analyst's outlook on On Holding AG (NYSE:ONON). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the ONON forecast page.