On Holding price target raised to $43 from $40 at Evercore ISI

Evercore ISI raised the firm’s price target on On Holding to $43 from $40 and keeps an Outperform rating on the shares after the company beat consensus on both revenues and EBITDA in Q1. Moving past the “wall of worry” in the quarter, the firm sees several new initiatives coming online through 2024 and beyond that “could support a scarce 30% revenue growth rate for several years,” the analyst tells investors in a note titled “Follow the Demand Signals Despite Near-Term Noise.”