On Holding - The Fastest Growth Story In Consumer Sector: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Anna Andreeva initiated coverage on On Holding AG (ONON) with a Buy rating and a price target of $40. Despite anticipated door closures in EMEA creating a $25 million revenue headwind, the DTC business outpacing Wholesale is expected to drive upside to margins. The brand is still in the early stages of its growth lifecycle with potential for high-teens EBITDA margin. For FY23, revenues of $1.782 billion, with EBITDA of $267 million are expected.
September 20, 2023 | 6:15 pm
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NEUTRAL IMPACT
Adidas AG was mentioned in comparison to On Holding AG in terms of SKU count across key segments.
The mention of Adidas AG in the article is in comparison to On Holding AG and does not provide any specific information that could impact the stock price of Adidas AG in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Nike, Inc. was mentioned in comparison to On Holding AG in terms of SKU count across key segments.
The mention of Nike, Inc. in the article is in comparison to On Holding AG and does not provide any specific information that could impact the stock price of Nike, Inc. in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
On Holding AG received a Buy rating from Needham analyst with a price target of $40. The company is expected to see growth in its DTC business and high EBITDA margins.
The positive rating from the Needham analyst and the expected growth in the DTC business and high EBITDA margins are likely to have a positive impact on the stock price of On Holding AG in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100