On Holding AG (ONON) PT Raised to $69 at Truist as 'Momentum Continues to Build'

Truist Securities analyst Joseph Civello raised the price target on On Holding AG (NYSE: ONON) to $69.00 (from $61.00) while maintaining a Buy rating.

The analyst commented: "Momentum continues to build; we remain bullish on ONON’s differentiated & robust growth profile; ONON shares were up ~10% today (vs S&P up 0.5%) on a very solid beat with continued momentum. Critically, demand trends remain robust across regions, channels, and categories despite the choppy macro. We continue to believe it is one of the best names in the footwear/apparel industry because its robust brand heat continues to drive demand higher, while its premium offerings yield more cushion for price increases if tariff concerns escalate. Further, the depth & breadth of its growth/margin expansion opps strengthen our conviction that the company is poised to outperform through a wide range of macro scenarios. PT to $69 from $61."

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