Analyst Thierry Cota CFA of Bank of America Securities reiterated a Buy rating on On Holding AG, boosting the price target to $63.00.
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Thierry Cota CFA has given his Buy rating due to a combination of factors that highlight On Holding AG’s strong market position and growth potential. The company has shown resilience in the face of recent market concerns, particularly with its performance in the US market, where it continues to expand its retail and wholesale presence. Despite competition from major players like Nike, On Holding AG is maintaining its growth trajectory, supported by upcoming product launches that promise to keep the brand fresh and appealing to consumers.
In addition, the company’s valuation has already adjusted to reflect current market conditions, and its growth prospects remain robust, especially in regions like Europe and Asia where demand is strong. The analyst has also noted an increase in adjusted EBITDA estimates, indicating confidence in the company’s profitability moving forward. With a unique business model that combines high brand traction and a luxury approach, On Holding AG is positioned for continued earnings growth, justifying the Buy rating and a price objective of $63.
According to TipRanks, Cota CFA is an analyst with an average return of -22.5% and a 0.00% success rate.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $57.00 price target.