Analyst Anna Andreeva from Piper Sandler reiterated a Buy rating on On Holding AG (ONON – Research Report) and keeping the price target at $62.00.
Anna Andreeva’s rating is based on On Holding AG’s impressive financial performance and growth outlook. The company demonstrated strong sales growth in the fourth quarter of 2024, with a notable 41% increase in constant currency terms, surpassing market expectations. This momentum is expected to continue into 2025, with projected sales growth of at least 27%, aligning with market expectations and supporting a positive outlook.
Additionally, On Holding AG’s positioning as a premium brand in the footwear industry, coupled with its ability to avoid promotional pressures and demand volatility faced by competitors, enhances its market appeal. The company’s strategic focus on expanding its Direct-to-Consumer (DTC) segment and leveraging its marketing efforts further supports its growth trajectory. These factors, along with the company’s strong financial fundamentals and premium valuation, underpin Anna Andreeva’s Buy rating for the stock.