On Holding price target raised to $39 from $38 at Piper Sandler

Piper Sandler analyst Abbie Zvejnieks raised the firm’s price target on On Holding to $39 from $38 and keeps an Overweight rating on the shares. The company continues to lead on innovation with new performance product such as Cloudsurfer driving demand and taking share from competitors, the analyst tells investors in a research note. The firm increased revenue and EBITDA estimates above consensus citing favorable channel checks, product reception, and tight promotions. Piper calls On a top growth idea.