On Holding price target raised to $69 from $61 at Truist

Truist raised the firm’s price target on On Holding (ONON) to $69 from $61 and keeps a Buy rating on the shares following what the firm calls “a very solid beat with continued momentum.” Demand trends remain robust across regions, channels, and categories and FY25 guidance “cleared the bar while remaining conservative,” says the analyst, who continues to view On as “one of the best names in the footwear/apparel industry,” citing its “robust brand heat” and premium offerings that give it more cushion for price increases if tariff concerns escalate.