In a report released today, Thierry Cota CFA from Bank of America Securities reiterated a Buy rating on On Holding AG (ONON – Research Report), with a price target of $73.00.
Thierry Cota CFA has given his Buy rating due to a combination of factors that highlight On Holding AG’s strong financial performance and growth potential. The company’s impressive organic sales growth of 40.6% in the fourth quarter of FY24, which surpassed the initial guidance and sector averages, demonstrates its robust market position. Additionally, the company’s adjusted EBITDA margin exceeded expectations, indicating efficient cost management and profitability.
Looking forward, On Holding AG’s FY25 guidance suggests continued strong performance with a target of over 27% organic sales growth and an improved EBITDA margin. The company’s strategic initiatives, such as geographical diversification and product expansion, support its long-term growth trajectory. Furthermore, the reduction in risk perception due to consistent performance amidst sector concerns reinforces the Buy rating, as it suggests stability and potential for future appreciation.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $68.00 price target.