6h agoThe FlyBULLISH 63General
Archived explainer. For the current picture see today's ONON page.
Why Is ON HLDG AG A (ONON) Stock Up Today?
By the Top Tier Newswire AI Desk · September 22, 2026 at 9:30 AM ET · reviewed against 12 wire stories
ON HLDG AG A (ONON) is up +8.57% in the latest session. Our newswire has captured 12 stories on ONON across 10 sources in the last 36 hours, with AI sentiment reading bullish (avg 60/100).
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ONON stock is up 8.57% at $29.66 as of the latest trade, driven by a combination of a $1 billion share buyback program and new 2029 growth targets announced by the company. The stock opened with a 5.8% gap up from the previous close and has continued to rise, reaching an intraday high of $30.80. The move reflects investor optimism about On Holding’s strategic outlook and financial commitments.
What Happened
On Holding outlined a new 2026, 2029 strategy anchored in its “Premium Playbook,” targeting high-teens constant-currency net sales growth through 2029 while maintaining a gross margin of at least 65% and reaching an adjusted EBITDA margin of 22% or more. The company also authorized a $1 billion share buyback program through 2029, aiming to return capital to shareholders and reinforce confidence in its long-term value. These moves were accompanied by a revised sales target of at least CHF 5.6 billion by 2029. Goldman Sachs and Stifel both reiterated their positive ratings on the stock, with Stifel setting a $41 price target based on the company’s growth potential.
What The Data Shows
The stock opened at $28.91 and has traded as high as $30.80, with volume reaching 2.9 million shares, 0.4 times the 3-month daily average. Over the last 8 sessions, the stock has risen 2.9% from $26.65 to $27.41. Recent insider activity includes two buys totaling $4.0 million and two sells totaling $60,000 in the last 90 days. The 52-week tape shows the stock has printed two fresh 52-week highs and 17 fresh 52-week lows on September 21, 2026.
What To Watch
The stock is currently trading within a 52-week range of $26.36 to $51.08. With no upcoming earnings date provided, investors should monitor the breadth of analyst coverage and the company’s progress toward its 2029 targets.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
ONON by the numbers
Last: $29.66Session: +8.57%7 sessions: +11.91%Coverage: 12 stories / 10 sourcesAI sentiment: 60/100 (bullish)Mkt cap: $9.1BP/E: 18.652w: $26.36 to $51.08
The headlines behind the move
6h agoCNBCNEUTRAL 50General
Stocks making the biggest moves premarket: Alibaba, Quest Diagnostics, On Holding, GameStop & more
These are the stocks posting the largest moves in early trading.
7h agoMarketChameleonBULLISH 67Product/PR
On (ONON) sets 2029 targets for high-teens sales growth and a 22%+ adjusted EBITDA margin September 22, 2026
On outlined a new 2026–2029 strategy anchored in its “Premium Playbook,” targeting high-teens constant-currency net sales growth through 2029 while sustaining a gross margin of at least 65% and reaching a 22%+ adjusted EBITDA margin by 2029. The company also authorized an inaugural USD 1 billion share repurchase program through 2029 and reiterated its full-year 2026 outlook, noting tariff refunds expected in Q3 2026 that should benefit reported gross profit.
8h agoInvesting.com Analyst RatingsBULLISH 56Analyst
Goldman Sachs reiterates On Holding stock rating on 2029 targets
Goldman Sachs reiterates On Holding stock rating on 2029 targets
8h agoInvesting.com MarketsNEUTRAL 50General
Why is On stock surging today?
Why is On stock surging today?
9h agoInvesting.com Analyst RatingsBULLISH 61Analyst
Stifel reiterates Buy on On Holding stock, $41 target on growth
Stifel reiterates Buy on On Holding stock, $41 target on growth
11h agoSeeking AlphaBULLISH 71General
On Holding targets CHF 5.6B sales by 2029, authorizes $1B buyback
On Holding (ONON) launches a $1B share buyback through 2029 and sets bold growth targets.
12h agoInvesting.com MarketsBULLISH 71General
On Holding approves up to $1 billion share buyback through 2029
On Holding approves up to $1 billion share buyback through 2029
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More on ONON: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier ONON move explainers: 2026-09-22