In a report released yesterday, Janine Stichter from BTIG reiterated a Buy rating on On Holding AG (ONON – Research Report), with a price target of $67.00.
Janine Stichter’s rating is based on On Holding AG’s strong financial performance and promising future outlook. The company concluded a successful year with impressive revenue growth in the fourth quarter, surpassing expectations. This growth was driven by both direct-to-consumer and wholesale channels, with notable expansion in the apparel segment.
Looking forward, On Holding AG’s management has provided a solid revenue forecast for 2025, which appears conservative given the company’s current momentum. The brand’s increasing awareness, strategic marketing campaigns, and diversified product offerings are expected to sustain its growth. Additionally, the company’s valuation reflects its consistent track record of growth and margin expansion, justifying the premium multiple assigned to its stock.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $73.00 price target.