On Holding AG, the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Peter McGoldrick from Stifel Nicolaus maintained a Buy rating on the stock and has a $60.00 price target.
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Peter McGoldrick has given his Buy rating due to a combination of factors including On Holding AG’s impressive financial performance and strategic growth initiatives. The company has exceeded revenue and EBITDA expectations for the third quarter, demonstrating strong operational execution. Additionally, On Holding AG’s revenue diversification across different regions and product categories, such as apparel, complements its robust core footwear growth in key markets like the Americas and EMEA.
Looking ahead, the company is poised for continued growth with a projected 23% increase in topline revenue for 2026, supported by a solid order book and strong consumer loyalty. Despite adjusting the target price to reflect current market conditions, McGoldrick remains optimistic about On Holding AG’s potential in the expansive global performance and lifestyle footwear and apparel market, reaffirming a Buy rating based on these promising growth prospects.
According to TipRanks, McGoldrick is an analyst with an average return of -8.2% and a 18.18% success rate. McGoldrick covers the Consumer Cyclical sector, focusing on stocks such as Wolverine World Wide, Levi Strauss & Co, and Fox Factory Holding.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $55.00 price target.