On Holding AG, the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Aneesha Sherman from Bernstein maintained a Buy rating on the stock and has a $70.00 price target.
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Aneesha Sherman has given her Buy rating due to a combination of factors that highlight On Holding AG’s potential for sustainable growth. The company’s management has articulated a clear strategy to maintain growth through 2030, focusing on expanding their product range into lifestyle and apparel, enhancing their presence in sporting goods and direct-to-consumer stores, and increasing their market share in rapidly growing regions like APAC and underpenetrated areas such as EMEA. This strategic focus on premium brand positioning without diluting into mass-market channels is a key driver of their growth outlook.
Furthermore, On Holding AG is on track to exceed its 2026 targets, with management planning for continued expansion into new verticals and regions while maintaining their premium market stance. The company is seen as a strong long-term growth candidate in the global sportswear market due to its low market share, premium product offerings, and diversified portfolio, which reduces exposure to any single category or trend. Despite short-term concerns about competitive pressures, particularly from Nike, upcoming catalysts such as strong quarterly results and future growth plans are expected to support the stock’s performance.
In another report released on September 5, UBS also reiterated a Buy rating on the stock with a $79.00 price target.