Morgan Stanley analyst Alexandra Straton maintains $On Holding (ONON.US)$ with a buy rating, and maintains the target price at $57.
According to TipRanks data, the analyst has a success rate of 60.8% and a total average return of 4.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $On Holding (ONON.US)$'s main analysts recently are as follows:
On Holding's Q3 earnings report highlighted the company's progress toward becoming a premier global athletic wear brand with a direct-to-consumer focus. The expectation is that On will be able to achieve a 22% compound annual sales growth rate over five years along with a 5% earnings per share growth rate. Such performance positions On as one of the swiftest growing athletic wear brands globally, meriting a premium valuation.
On Holding's sales saw a reacceleration in the latest quarter, driven by direct-to-consumer growth as issues with warehousing eased. Margin enhancement was also observed, benefiting from a more robust inventory position.
The company's third-quarter constant-currency direct-to-consumer sales were impressive, accompanied by an expansion in group gross margins year-over-year to 60.6%.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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