On Holding AG (ONON) 'Extremely Happy' with Holiday; Stifel Reiterates Buy Rating

Stifel analyst Jim Duffy reiterated a Buy rating and $66.00 price target on On Holding AG (NYSE: ONON).

The analyst commented: "ONON 3Q momentum continued through 4Q and the co-CEO’s are “extremely happy” with business trends through the Holiday Season. Stifel-hosted meetings at ICR validate our belief that 2024 was an inflection year for brand awareness (doubled in U.S. market) and uptake with younger consumers. Coupled with a thoughtful category development, a strong product cycle, and global growth opportunities, we remain confident that ONON’s best-in-category growth rates can sustain in 2025+. FY26 targets for CHF 3.6bn with 18% plus EBITDA margins are increasingly tangible and, given the strengthening brand foundation, we are emboldened by opportunities to scale the business to CHF 5bn+. We reiterate our BUY rating and continue to view ONON shares as a core holding for growth investors."

For an analyst ratings summary and ratings history on On Holding AG click here. For more ratings news on On Holding AG click here.

Shares of On Holding AG closed at $55.38 yesterday.

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