On Holding AG (ONON) PT Raised to $79 at UBS

UBS analyst Jay Sole raised the price target on On Holding AG (NYSE: ONON) to $79.00 (from $75.00) while maintaining a Buy rating.

The analyst commented, "We think On's continued focus on innovation, performance, athletes, sports, direct-to-consumer selling, and maintaining a premium, full-price brand image will lead to industry leading sales growth and strong margin expansion. While tariffs are a risk in the near-term, our view is ONON’s fundamental opportunity to capture meaningful market share over time remains intact. We believe ONON will continue to deliver beat and raise reports over the NTM, sending the stock’s 31x FY2 P/E higher. We forecast On delivering 20%, 23%, and 18% 5-yr. sales, adjusted EBITDA, EPS CAGRs, respectively, and expect strong growth to continue from there."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Bernstein on China Online Beauty: Very Weak July Performance
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery