Bank of America Securities analyst Thierry Cota CFA maintained a Buy rating on On Holding AG (ONON – Research Report) today and set 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 potential for significant growth. The company is expected to achieve robust organic sales growth, with a target of exceeding 20% by 2027, which aligns with the analyst’s view of the brand expanding its sales from CHF2 billion to over CHF10 billion in the long term.
Moreover, On Holding AG’s strategic initiatives, including high spending on profit and loss and balance sheet activities, are seen as pivotal in maintaining its strong brand presence. The anticipated rise in EBITDA margins, driven by retail migration, and the potential for stock recovery following recent weaknesses, further support the positive outlook and justify the Buy rating.
According to TipRanks, Cota CFA is ranked #7003 out of 9385 analysts.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $62.00 price target.