UBS analyst Jay Sole believes the firm’s tenth annual global athletic wear survey shows On Holding (ONON) has “big growth potential, citing the fact that On’s aided brand awareness still has major room to grow and the trend that “suggests it will.” The firm, which forecasts On delivering a 22% five-year sales compound annual growth rate and 43% five-year EPS CAGR, says this type of growth would make On “one of the world’s fastest growing athletic wear brands and worthy of a premium multiple.” UBS keeps a Buy rating and $63 price target on the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 put volume heavy and directionally bearish
- Telsey names top picks for 2025
- Electronic Arts, Rivian downgraded: Wall Street’s top analyst calls
- On Holding initiated with a Neutral at Citi
- Trump Trade: Andrew Ferguson tagged as next chair of FTC