Goldman Sachs raised the firm’s price target on On Holding (ONON) to $52 from $50 and keeps a Neutral rating on the shares. The company’s Q3 results illustrated its ongoing brand momentum, with a broad-based beat in terms of both revenue growth and profitability, the analyst tells investors in a research note. EMEA and APAC continue to be standout regions, and the company’s commentary that Q4 growth in the Americas should be in-line or even slightly accelerate vs. 3Q was reassuring given investor concerns leading into the print, the firm added, though it retains a neutral stance on the stock due to valuation.
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