In a report issued on October 11, Telsey Advisory Group from Telsey Advisory initiated coverage with a Buy rating on On Holding AG (ONON – Research Report) and a price target of $38.00. The company’s shares closed last Tuesday at $30.54.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for On Holding AG with a $34.70 average price target, representing a 10.8% upside. In a report issued on October 11, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $38.00 price target.
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On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers.