Roger Federer-backed On's stock down after FY guide reiterated not raised

William Blair Reiterates Outperform Rating on On Holding AG (ONON)

William Blair analyst Dylan Carden reiterated an Outperform rating on On Holding AG (NYSE: ONON).

The analyst comments "There are some moving pieces here that are worth calling out. For one, the wholesale channel experienced outsized growth in the quarter and landed higher than... More

On Holding AG (ONON) PT Raised to $50 at Goldman Sachs

Goldman Sachs analyst Richard Edwards raised the price target on On Holding AG (NYSE: ONON) to $50.00 (from $47.00) while maintaining a Buy rating.

The analyst comments "On Holding reported 2Q24 adj. EBITDA of CHF 90.8mn, driven by net sales of CHF 567.7mn, +27.8% yoy and +29.4% cFX. Group gross margin came in at... More

BTIG Reiterates Neutral Rating on On Holding AG (ONON)

BTIG analyst Janine Stichter reiterated a Neutral rating on On Holding AG (NYSE: ONON).

The analyst comments "Q2 offered puts and takes for investors to digest, with a revenue and Adj. EBITDA beat, but slower DTC performance (which contributed to a slight GM... More

Williams Trading Reiterates Hold Rating on On Holding AG (ONON)

Williams Trading analyst Sam Poser reiterated a Hold rating and $33.00 price target on On Holding AG (NYSE: ONON)

The analyst comments "The 2Q24 results reflects first evidence for ONON, and further evidence in general, see Skechers (SKX-Buy-$80 PT) in 2010-2011, UGG (DECK-Buy-$1130PT) in 2012, and Vans (VFC-Sell-$10PT) and, more... More

Goldman Sachs Reiterates Buy Rating on On Holding AG (ONON)

Goldman Sachs analyst Richard Edwards reiterated a Buy rating and $47.00 price target on On Holding AG (NYSE: ONON).

The analyst comments "News: On Holding reported 2Q24 adj. EBITDA of CHF 90.8mn, +5.3% above FactSet consensus of CHF 86.2mn, driven by net sales of CHF 567.7mn, +27.8% yoy... More

On Holding AG (ONON) Tops Q2 revenue estimates; offers guidance

On Holding AG (NYSE: ONON) reported Q2 EPS of CHF0.14. Revenue for the quarter came in at CHF567.7 million versus the consensus estimate of CHF562.7 million.

"On has experienced a very strong first half of 2024, with two consecutive record top-line quarters and continued strong demand across channels, regions and product categories. From highly successful product launches and... More