From Financial Modeling Prep: 2024-12-27 12:55:00

UBS analysts reiterated a Buy rating and $63 price target for On Holding AG (NYSE:ONON), citing robust growth potential in the global athletic wear market. On is forecasted to achieve 22% sales and 43% EPS CAGR over the next five years, positioning it as one of the fastest-growing brands worldwide.

On’s aided brand awareness has increased steadily to 13% in 2024, up from 5% in 2021. Despite progress, On still lags behind major competitors like Nike (91%), Puma (74%), and Jordan (59%), indicating significant room for expansion.

With growing brand recognition, On is expected to gain market share through 2025. UBS anticipates strong earnings performance will boost investor confidence and help the stock reach the $63 target price.



Read more at Financial Modeling Prep:: On Holding Poised for Rapid Growth, UBS Maintains …