On Holding AG (NYSE:ONON) earns a spot on our list of the 15 Stocks Set to Explode in the Next 3 Years<\/strong>.<\/p>\n On Holding AG (NYSE:ONON) combines a significant leadership change with ongoing analyst confidence in its long-term growth plan.<\/p>\n As of April 6, 2026, On Holding AG (NYSE:ONON) boasts a consensus price target of $56.73, which implies a roughly 70% upside. Over 80% of covering analysts maintain bullish ratings on the stock, making it one of the good stocks to buy. The stock is down roughly 30% year-to-date.<\/p>\n On March 25, 2026, Telsey Advisory reduced its price target to $60 from $65 while maintaining an \u201cOutperform\u201d rating. The firm cites the CEO change as a source of near-term risk, despite On Holding AG (NYSE:ONON)\u2019s steady growth and profitability trajectory, supported by product innovation, 20 to 25 store openings per year, wholesale door expansion, increased apparel penetration, expansion in underpenetrated markets, and ongoing marketing spending.<\/p>\n Amid record 2025 net sales that surpassed CHF 3 billion, On Holding AG (NYSE:ONON) announced a broader leadership reorganization on the same day, combining a significant leadership reset with ongoing analyst confidence in the company\u2019s long-term growth. Co-founders David Allemann and Caspar Coppetti will take over as co-CEOs on May 1, 2026, while Martin Hoffmann will resign and continue to serve as an advisor until March 2027.<\/p>\n On Holding AG (NYSE:ONON), together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the US, the rest of the Americas, and the Asia-Pacific.<\/p>\n While we acknowledge the potential of ONON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/strong>.<\/p>\n<\/div>\n<\/div>