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Portfolio Pulse from Lekha Gupta
Baird analyst Jonathan R. Komp upgraded On Holding AG (NYSE:ONON) to Outperform from Neutral and maintained a price target of $33. The company expects to double its 2023-2026 net sales to at least CHF 3.55 billion by 2026, reflecting a CAGR of over 26%. The analyst raised estimates for FY24 and FY25 adjusted EBITDA by 1% and 6%, respectively, assuming higher margin improvement. ONON's shares are trading higher by 2.27% at $25.68.
October 09, 2023 | 6:38 pm
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On Holding AG has been upgraded to Outperform from Neutral by Baird analyst Jonathan R. Komp, with a maintained price target of $33. The company's shares are trading higher.
The upgrade by Baird analyst Jonathan R. Komp is a positive signal for the company. The maintained price target of $33 indicates a bullish outlook for the company. The company's shares are trading higher, reflecting the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100