William Blair analyst Dylan Carden has maintained their bullish stance on ONON stock, giving a Buy rating today.
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Dylan Carden has given his Buy rating due to a combination of factors that highlight On Holding AG’s strategic positioning and growth potential. The company’s management, led by Martin Hoffmann, is focused on extending product lines, enhancing premium market positioning, and expanding retail presence, which aligns with their long-term strategic goals. This approach was reinforced during recent investor meetings, where the management addressed concerns about the sustainability of growth and outlined their strategy to innovate and expand into new categories.
Carden’s confidence in On Holding AG is further supported by the company’s ability to leverage brand power to drive innovation and enter new market segments. By continuously reinventing core products and introducing new offerings, On Holding AG aims to sustain its brand success beyond typical trend cycles. This strategic control over growth allows the company to mitigate trend risks and invest in sustainable brand-building initiatives, positioning itself effectively in the premium segment of the market. Such strategic foresight and adaptability are key reasons for the Buy rating.
According to TipRanks, Carden is a 5-star analyst with an average return of 21.8% and a 63.51% success rate. Carden covers the Consumer Cyclical sector, focusing on stocks such as thredUP, On Holding AG, and National Vision Holdings.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $62.00 price target.