J.P. Morgan Thinks On Holding AG’s Stock is Going to Recover

J.P. Morgan analyst Grace Smalley maintained a Buy rating on On Holding AG (ONONResearch Report) yesterday and set a price target of $40.00. The company’s shares closed last Tuesday at $25.20, close to its 52-week low of $19.75.

According to TipRanks.com, Smalley is ranked #7084 out of 7939 analysts.

On Holding AG has an analyst consensus of Moderate Buy, with a price target consensus of $38.00, which is a 42.7% upside from current levels. In a report issued on March 21, UBS also maintained a Buy rating on the stock with a $50.00 price target.

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On Holding AG’s market cap is currently $7.85B and has a P/E ratio of -42.45.

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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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