Wedbush Reiterates Outperform on On Holding, Maintains $36 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Tom Nikic has reiterated an Outperform rating on On Holding (NYSE:ONON) and maintained a price target of $36.
November 13, 2023 | 1:57 pm
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POSITIVE IMPACT
Wedbush analyst Tom Nikic reaffirmed an Outperform rating on On Holding, with a steady price target of $36, indicating a positive outlook for the company's stock.
The reiteration of an Outperform rating by a reputable analyst like Tom Nikic from Wedbush is a strong positive signal for investors, suggesting that the analyst has a favorable view of the company's future performance. Maintaining a $36 price target indicates that the analyst believes the stock has the potential to rise to that level, which could influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100