In a report released today, Joe Feldman from Telsey Advisory maintained a Buy rating on On Holding AG (ONON – Research Report), with a price target of $37.00. The company’s shares closed yesterday at $30.69.
According to TipRanks, Feldman is a 5-star analyst with an average return of 9.2% and a 59.04% success rate. Feldman covers the Consumer Cyclical sector, focusing on stocks such as Costco, Home Depot, and Best Buy Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for On Holding AG with a $36.72 average price target, which is a 19.65% upside from current levels. In a report released on May 10, Evercore ISI also maintained a Buy rating on the stock with a $40.00 price target.
ONON market cap is currently $9.78B and has a P/E ratio of 111.12.
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On Holding AG (ONON) Company Description:
On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers.
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