On Nov 14, major Wall Street analysts update their ratings for $On Holding (ONON.US)$, with price targets ranging from $57 to $63.
Morgan Stanley analyst Alexandra Straton maintains with a buy rating, and adjusts the target price from $52 to $57.
UBS analyst Jay Sole maintains with a buy rating, and adjusts the target price from $61 to $63.
Evercore analyst Michael Binetti maintains with a buy rating, and maintains the target price at $60.
TD Cowen analyst John Kernan maintains with a buy rating, and adjusts the target price from $58 to $60.
Stifel analyst Jim Duffy maintains with a buy rating, and adjusts the target price from $59 to $60.
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 emphasized its progression towards becoming a top-tier premium, direct-to-consumer-led global athletic wear brand. Projections indicate that On could achieve a 22% five-year compound annual sales growth rate and a 5% EPS compound annual growth rate. This performance could position On as one of the fastest-growing athletic wear brands globally, justifying a premium valuation.
Following the Q3 report, it was noted that the company's sales experienced an acceleration, particularly driven by direct-to-consumer channels as warehousing challenges were resolved. The company also witnessed an improvement in margins due to more robust inventory levels.
The company's third-quarter constant-FX direct-to-consumer sales were impressive, accompanied by a year-over-year expansion of group gross margins by 70 basis points to 60.6%.
The firm's adjustment in their target is based on the third-quarter performance surpassing expectations for sales and EBITDA. Positive remarks regarding the fourth quarter's revenue trajectory, the success of selling products at full price, and the ongoing innovation contribute to the firm's heightened conviction in the company's growth potential exceeding 30% in FY25E.
Q3 results for On Holding surpassed consensus and lived up to recent heightened expectations. The significant sequential global DTC acceleration and gross margin improvements underscore the beneficial outcomes stemming from rising brand awareness and premium innovation.
Here are the latest investment ratings and price targets for $On Holding (ONON.US)$ from 7 analysts:
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美東時間11月14日，多家華爾街大行更新了$昂跑 (ONON.US)$的評級，目標價介於57美元至63美元。
摩根士丹利分析師Alexandra Straton維持買入評級，並將目標價從52美元上調至57美元。
瑞士銀行分析師Jay Sole維持買入評級，並將目標價從61美元上調至63美元。
Evercore分析師Michael Binetti維持買入評級，維持目標價60美元。
TD Cowen分析師John Kernan維持買入評級，並將目標價從58美元上調至60美元。
斯迪富分析師Jim Duffy維持買入評級，並將目標價從59美元上調至60美元。
此外，綜合報道，$昂跑 (ONON.US)$近期主要分析師觀點如下：
On Holding的第三季度收入報告強調了其朝着成爲頂級高端、以消費者爲導向的全球運動服裝品牌的進展。預測表明，On可以實現22%的五年複合年銷售增長率和5%的每股收益複合年增長率。這種表現可能將On定位爲全球增長最快的運動服裝品牌之一，從而證明其具備溢價估值。
在第三季度報告之後，公司的銷售經歷了加速增長，特別是由於解決了倉儲挑戰，因此受到了直銷渠道的推動。由於庫存水平更加強勁，公司的毛利率也有所改善。
該公司第三季度在恒定外匯期貨直銷消費方面表現出色，集團毛利率同比擴大了70個點子，達到60.6%。
該公司對其目標的調整基於第三季度業績超出了銷售和EBITDA的預期。對第四季度營收軌跡的積極評價，產品以全價銷售的成功以及持續的創新，都有助於公司對公司在2025財年增長潛力超過30%的堅定信念。
On Holding的第三季度業績超出共識，並符合最近增強的預期。顯著的全球DTC加速和毛利率改善彰顯了品牌知名度提升和高端創新帶來的積極結果。
以下爲今日7位分析師對$昂跑 (ONON.US)$的最新投資評級及目標價：
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