1 Wall Street Analyst Thinks On Holding Stock Is Going to $38. Is It a Buy? [Yahoo! Finance]
On Holding AG (ONON)
Company Research
Source: Yahoo! Finance
As of this writing, the stock is sitting around $31 after hitting a 52-week high of $37.08 last year. But TD Cowen analyst John Kernan believes the company's momentum will send the stock back to those previous highs soon enough. The firm recently slightly raised its price target from $36 to $38 and maintained a buy rating on the shares. Here's why the stock could be on the verge of breaking out to new highs. What's so great about On Holding? On delivered revenue growth of 31% on a constant-currency basis in the fourth quarter. The company is scheduled to release first-quarter 2024 results on Tuesday, May 14. For the full year, management is guiding for year-over-year revenue growth of at least 30%. TD Cowen's internal checks on customer acquisition and retention are pointing to more growth for the company. The firm particularly sees an attractive opportunity for the brand in the Asia-Pacific region. Indeed, Asia has been a great market for Lululemon Athletica in recent years, a
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News
- Why On Holding Stock Jumped This Week [Yahoo! Finance]Yahoo! Finance
- Is On Holding Stock Going to $45? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]Yahoo! Finance
- On Holding AG (NYSE: ONON) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $41.00 price target on the stock.MarketBeat
- 1 Incredible Growth Stock to Buy Now [Yahoo! Finance]Yahoo! Finance
- On Holding AG (NYSE: ONON) had its price target raised by analysts at Truist Financial Co. from $30.00 to $34.00. They now have a "hold" rating on the stock.MarketBeat
ONON
Earnings
- 5/14/24 - Beat
ONON
Sec Filings
- 5/17/24 - Form 144
- 5/15/24 - Form 144
- 5/14/24 - Form 144
- ONON's page on the SEC website