On Holding AG (NYSE:ONON) is listed as one of the 9 Best Footwear Stocks to Buy Now. Bernstein reiterated a Buy rating on ONON with a price target of $70. The company reported a revenue of CHF 749.2 million in Q2 FY2025, with a gross profit margin expansion to 61.5% and an adjusted EBITDA margin of 18.2%.

Aneesha Sherman from Bernstein remains positive on On Holding’s growth in the DTC channel, with net sales up 54.3% and triple-digit growth in the APAC region. The apparel business saw a 75.5% growth on a constant currency basis. Analysts estimate an average price target of $68.53 for ONON, implying an upside of nearly 51.67% from current levels.

On Holding AG engages in the development and distribution of sports products. While ONON shows investment potential, some AI stocks may offer greater upside potential. For more information on undervalued AI stocks, refer to the free report on the best short-term AI stock.

Read more at Yahoo Finance: Bernstein Reiterates Buy Rating on On Holding AG Stock, Keeps PT at $70