BofA analyst Thierry Cota lowered the firm’s price target on On Holding (ONON) to $62 from $73 and keeps a Buy rating on the shares. The firm forecasts 32% organic sales growth in Q3, including 21.5% in the “key” Americas region, the analyst tells investors in a preview. If On’s long-term outlook entails a development in team sports, possibly to be presented at a CMD next year, this is slower growth than running and will face strong Adidas (ADDYY) and Nike (NKE) positions, so the risk perception on the stock may rise, says the analyst, who lowers the firm’s price target to factor in the Nike and product diversification risks.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONON:
- Optimistic Growth Potential for On Holding AG in US Wholesale Market
- Strong Growth Prospects and Strategic Diversification Drive Buy Rating for On Holding AG
- ‘Time to Buy Again,’ Says RBC as It Upgrades Nike (NKE) Stock Ahead of Q1
- 3 Best Stocks to Buy Now, 9/15/2025, According to Top Analysts
- 3 Best Stocks to Buy Now, 9/11/2025, According to Top Analysts