BofA raised the firm’s price target on On Holding (ONON) to $63 from $62 and keeps a Buy rating on the shares. Recent weakness pointed to a series of concerns on On’s equity story, which were largely addressed by the Q3 showing, the analyst tells investors. Following the report, the firm keeps its above-consensus revenue estimates broadly unchanged, but raised its adjusted EBITDA estimates by 9%-12% for FY25-27.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONON:
- On Holding price target lowered to $60 from $69 at Barclays
- On Holding AG: Strong Growth and Strategic Innovation Drive Buy Rating
- On Holding price target raised to $85 from $79 at UBS
- On Holding AG: Strong Market Position and Growth Potential Justify Buy Rating
- On Holding AG Reports Record Q3 2025 Results