Needham raised the firm’s price target on On Holding (ONON) to $55 from $50 and keeps a Buy rating on the shares ahead of its Q1 results next week. The firm remains positive on the company’s strong momentum, with gaining brand awareness, shelf space, and door count, the analyst tells investors in a research note. On Holding also has some of the lowest tariff risk in the firm’s coverage, Needham added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONON:
- On Holding AG: Strong Market Position and Growth Potential Justify Buy Rating and Price Target Increase
- On Holding price target lowered to $62 from $66 at Morgan Stanley
- On Holding AG: Strong Brand Momentum and Product Launches Drive Buy Rating Amid Market Challenges
- On Holding price target lowered to $60 from $68 at KeyBanc
- On Holding Stock (NYSE:ONON) Gains With New Citi Love