Morgan Stanley analyst Alexandra Straton maintains $On Holding (ONON.US)$ with a buy rating, and maintains the target price at $62.
According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 8.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $On Holding (ONON.US)$'s main analysts recently are as follows:
The firm anticipates that robust brand momentum, retail integration, diversification potential, superior pricing power, innovative initiatives, and high investments may facilitate market share gains for On Holding. It is projected that On's share of the sportswear brand market could increase from 2% in 2024 to between 3%-4% by 2030.
The outlook for the softlines retail sector heading into 2025 is seen as favorable, characterized by narratives of momentum and turnaround opportunities. Companies such as Amer Sports, Burlington Stores, Deckers Outdoor, Dick's Sporting, Lululemon, On Holding, Skechers, and Ralph Lauren are perceived to be well-positioned in relation to consensus estimates and investor sentiment.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
