On Holding price target raised to $40 from $37 at Telsey Advisory

Telsey Advisory raised the firm’s price target on On Holding to $40 from $37 and keeps an Outperform rating on the shares. Q1 was a “good start” to the year and gave the firm confidence the company is executing towards its 2026 revenue and EBITDA goals, the analyst tells investors. Telsey believes there could be upside to current FY24 revenue guidance as the year progresses and also continues to believe the company has multiple avenues for growth beyond 2024.