On Holding price target raised to $65 from $60 at Truist

Truist analyst Joseph Civello raised the firm’s price target on On Holding (ONON) to $65 from $60 and keeps a Buy rating on the shares. The firm notes shares were up about 20% on a very solid beat and raise. Critically, the raised full year guide includes a solid outlook for the Americas and still robust international momentum. The company continues to see no push back on price increases and expects full-priced momentum to continue during the Holiday season, Truist adds. Overall, the firm expects management to continue executing well in managing a stacked launch calendar in 2026 and believes On Holding will benefit from more scarcity value as a winner in a tougher discretionary spending environment.