J.P. Morgan analyst Olivia Townsend maintains $On Holding (ONON.US)$ with a buy rating, and adjusts the target price from $55 to $58.
According to TipRanks data, the analyst has a success rate of 37.1% and a total average return of -12.7% 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 its drive to become the leading premium, direct-to-consumer global athletic wear brand. Projections indicate that On could achieve a 22% compound annual sales growth rate over five years and a 5% EPS compound annual growth rate, positioning On as one of the fastest-growing athletic wear brands globally and justifying a premium multiple.
After the Q3 report, it was observed that the company's sales experienced a reacceleration, particularly in the direct-to-consumer segment as earlier warehousing challenges improved. It was also noted that the company witnessed margin enhancements due to a healthier inventory position.
On Holding's Q3 constant-FX direct-to-consumer sales were notable, and the group's gross margins saw a year-over-year increase of 70 basis points to 60.6%.
Note:
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