Streetbeat News

ONON

On Holding AG

Industry

Apparel - Retail

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

Open

47.17

Mkt cap

15B

Volume

2.6M

High

47.60

P/E Ratio

55.29

52-wk high

64.05

Low

46.17

Div yield

N/A

52-wk low

29.84

Bernstein analyst Aneesha Sherman initiates coverage on On Holding (NYSE:ONON) with an Outperform rating and sets a price target of $50.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:00 pm

BofA analyst Christopher Nardone upgraded Skechers USA Inc (NYSE:SKX) from Neutral to Buy, raising the price target from $71 to $87 due to improving wholesale environment and solid footwear trends. The analyst also raised EPS estimates for 2Q24/F24 and highlighted significant international opportunities. Positive data points from other footwear brands like Crocs Inc (NASDAQ:CROX), Birkenstock Holding PLC (NYSE:BIRK), Deckers Outdoor Corp (NYSE:DECK), and On Holdings AG (NYSE:ONON) support the momentum in the category.

Portfolio Pulse from Shivani Kumaresan

June 07, 2024 | 5:16 pm

Telsey Advisory Group has maintained an Outperform rating on On Holding (NYSE:ONON) and raised the price target from $40 to $47.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:11 pm

Ten stocks, including NIO and Best Buy, were the best performers last week. Key drivers included strong earnings reports, raised guidance, and analyst upgrades.

Portfolio Pulse from Lekha Gupta

June 02, 2024 | 2:57 pm

On Holding AG (NYSE:ONON) has been upgraded from Hold to Buy by Truist Securities' Joseph Civello, with a price target increase from $34 to $46. The company is expected to benefit from strong trends and increased marketing efforts, especially with the upcoming Olympics. Nike Inc (NYSE:NKE) is also mentioned as pulling back on certain products, potentially benefiting On Holding.

Portfolio Pulse from Priya Nigam

May 28, 2024 | 3:49 pm

Truist Securities has upgraded On Holding (NYSE:ONON) from Hold to Buy and raised the price target from $34 to $46, as per analyst Joseph Civello.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:23 am

Loop Industries, Inc. (NASDAQ:LOOP) has announced a collaboration with Swiss sportswear brand On to launch the Cloudeasy Cyclon shoe, which features an upper made from Loop's 100% recycled polyester fiber using their Infinite Loop™ fiber-to-fiber recycling technology.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:53 pm

The article highlights the top-performing large-cap stocks from May 12 to May 19, 2024. MicroStrategy, Monday.Com, On Holding AG, Sea Limited, Insulet Corporation, Dell Technologies, Vodafone Group, Alcon Inc., Super Micro Computer, and Corebridge Financial saw significant gains due to various positive developments.

Portfolio Pulse from Lekha Gupta

May 19, 2024 | 11:27 pm

Jim Cramer discussed the challenges facing the athletic apparel industry, highlighting the struggles of Nike and Lululemon, while praising the growth of On Holding and Deckers Outdoor. Despite high valuations, Cramer emphasized the potential for outsized growth in these companies.

Portfolio Pulse from Michael Cohen

May 17, 2024 | 1:17 pm

Stifel analyst Jim Duffy maintains a Buy rating on On Holding (NYSE:ONON) with a $41 price target.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 5:48 pm

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