Baird analyst Jonathan Komp raised the firm’s price target on On Holding to $35 from $33 and keeps an Outperform rating on the shares. The firm raised its estimates and price target and added it as a Bullish Fresh Pick through March.The company handily beat Q3 revenue/gross profit, raised 2023 revenue/adjusted EBITDA, and confirmed ongoing brand momentum and noted the stock was overly punished for Q4 guidance which was below consensus but most likely conservative.
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