Nike Stock Has 22% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
On Holding AG (ONON)
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Source: Yahoo! Finance
The update also showed that Nike was losing market share to up-and-coming competitors like On Holding and Deckers' Hokas. However, Nike just got some good news via an endorsement from Bank of America , which upgraded the footwear stock on Thursday to a buy with a price target of $113. BofA says Nike's OK According to Bank of America, Nike might be struggling, but the summer is about to saved it. BofA says that estimates on the stock look manageable and its valuation has come down considerably since peaking during the pandemic. The analyst also cited the Olympics as a potential catalyst and thought Nike could unveil some significant new initiatives at its analyst day meeting in the fall. Is Nike headed higher? Nike has faced a number of challenges in recent quarters, including a sluggish economy in China, tepid demand for discretionary goods stateside, and supply chain whiplash following earlier shortages. It's also stepping back from its direct-to-consumer strategy, realizin
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ONON
News
- Analyst Expects Net Loss of 45K Stores Over the Next Few Years [Yahoo! Finance]Yahoo! Finance
- On Holding AG (NYSE: ONON) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $37.00 price target on the stock.MarketBeat
- On Holding AG (NYSE: ONON) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $32.00 price target on the stock.MarketBeat
- On Holding AG (NYSE: ONON) is now covered by analysts at William Blair. They set an "outperform" rating on the stock.MarketBeat
- Nike Starts Speeding Out Sneakers That Will Shape Its Future [Yahoo! Finance]Yahoo! Finance
ONON
Earnings
- 3/12/24 - Miss
ONON
Sec Filings
- 4/2/24 - Form 144
- 4/2/24 - Form 144
- 3/28/24 - Form 6-K
- ONON's page on the SEC website