On Holding Analysts Boost Their Forecasts Following Upbeat Results
Portfolio Pulse from Avi Kapoor
On Holding AG (NYSE:ONON) reported better-than-expected Q1 results, with adjusted earnings of 38 cents per share and sales of $581.594 million. Analysts have raised their price targets following the strong performance.
May 15, 2024 | 3:12 pm
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POSITIVE IMPACT
On Holding AG reported strong Q1 results, significantly beating market expectations with 38 cents EPS and $581.594 million in sales. Analysts have raised their price targets, reflecting confidence in the company's performance and future prospects.
The company's strong financial performance and the subsequent increase in price targets by multiple analysts indicate a positive short-term outlook for the stock. The market's reaction, with a 1.2% increase in share price, further supports this positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100