ON Holdings Has The Potential To Become The Lululemon Of Footwear, Says analyst
Portfolio Pulse from Shivani Kumaresan
Wedbush analyst Tom Nikic has reiterated an Outperform rating on On Holding AG (NYSE:ONON) with a price target of $36. The company plans to double revenues by FY26 and increase margins by over 300 basis points. Despite low brand awareness in the U.S. and Germany, the company is expected to drive growth globally as brand visibility increases. The company, which had eight stores globally two years ago, plans to expand to over 30 stores by the end of 2023.
October 05, 2023 | 6:33 pm
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On Holding AG has received an Outperform rating from Wedbush analyst Tom Nikic, with a price target of $36. The company's plans to double revenues by FY26 and increase margins could positively impact its stock.
The Outperform rating and the ambitious plans of the company to double revenues and increase margins could lead to a positive sentiment among investors, potentially driving the stock price up.
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IMPORTANCE 80
RELEVANCE 100