On Holding Has 'Much More Room' For Growth Than Reflected In Guidance, Says Bullish Analyst
Portfolio Pulse from Priya Nigam
Shares of On Holding AG (NYSE:ONON) rose in early trading on Tuesday, with the stock up by more than 111% year to date. KeyBanc Capital Markets analyst Ashley Owens initiated coverage of On Holding with an Overweight rating and a price target of $42, stating that the company's fiscal 2023 guidance appears conservative and there is much more room for growth.
July 25, 2023 | 2:42 pm
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On Holding AG's stock is expected to grow more than reflected in its fiscal 2023 guidance, according to KeyBanc analyst Ashley Owens. He initiated coverage with an Overweight rating and a $42 price target.
The analyst's bullish stance on On Holding AG, along with the Overweight rating and the $42 price target, indicates a positive outlook for the company's stock. This could potentially attract more investors, driving the stock price up.
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