Does On Holding (ONON) Have the Potential to Rally 25.17% as Wall Street Analysts Expect?

Core Viewpoint - On Holding (ONON) shares have shown a slight increase of 0.3% over the past four weeks, closing at $51.64, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $64.64, representing a 25.2% upside [1][11]. Price Targets and Analyst Estimates - The mean estimate consists of 22 short-term price targets with a standard deviation of $6.45, indicating variability among analysts; the lowest estimate is $50.00 (3.2% decline), while the highest is $75.00 (45.2% increase) [2][9]. - A low standard deviation among price targets suggests a strong agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [9][10]. Earnings Estimates and Analyst Sentiment - Analysts have shown increasing optimism about ONON's earnings prospects, as evidenced by a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [11][12]. - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 1.6%, with two estimates moving higher and one lower [12]. - ONON holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential upside [13]. Conclusion on Price Movement - While the consensus price target may not be a reliable predictor of the extent of ONON's gains, the implied direction of price movement appears to be a useful guide for investors [14].