On Holding (NYSE:ONON) Stock, Quote.Headers.trade-ideas

On Holding

On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoes, apparel, and accessories products are designed predominantly for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and relies instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from the Americas and rest from Europe, Middle East and Africa, and Asia-Pacific region.

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After a slow start to the year, U.S. equities have surged to new record highs following President Trump’s inauguration. By Wednesday’s close, the SPDR S&amp;P 500 ETF Trust (NYSE:SPY) had gained over 4%

Market Momentum: 3 Stocks Poised for Significant Breakouts

On Holding AG

Chinese state-owned car manufacturers Dongfeng Motor Group and Chongqing Changan Automobile are contemplating a merger that could surpass EV giant BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDYY#OTC">BYDYY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) in terms of market dominance.
What Happened: On Monday, both Dongfeng and Changan revealed in exchange filings that their controlling shareholders are considering asset deals that could change their ownership structures <a href="https://www.scmp.com/business/china-business/article/3298066/state-owned-chinese-carmakers-dongfeng-changan-likely-combine-eclipsing-byd">reported</a> the South China Morning Post. The specifics of these potential deals were not disclosed.
Loyal Wealth Management&#8217;s Fund Manager in&nbsp;Shanghai, Ivan Li, suggested that &#8220;the announcements hint at a possible&nbsp;merger of the state-backed parents,&nbsp;although they did not explicitly confirm it.&#8221; He also noted that the Chinese government has a vested interest in promoting consolidation in the automotive sector due to the high level of competition.
In 2024, Dongfeng sold 2.48 million vehicles, while Changan sold 2.68 million, delivering a total of 5.16 million vehicles in sales, compared to BYD&#8217;s sales of 4.27 million electric vehicles. 
SEE ALSO: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43558633/tesla-stock-stumbles-but-musks-10-trillion-ai-bet-is-in-motion">Tesla Stock Stumbles, But Musk&#8217;s $10 Trillion AI Bet Is In Motion</a>
Why It Matters: This potential merger comes at a time when Chinese automakers are aggressively expanding their operations. Last week,&nbsp;<a href="https://www.benzinga.com/markets/25/02/43527039/teslas-chinese-rival-byd-to-hire-20000-more-workers-in-zhengzhou-plans-major-expansion-to-meet-rising-ev-demand">BYD announced plans</a>&nbsp;to hire an additional 20,000 workers in Zhengzhou to boost production capacity. Similarly, Changan unveiled its "Dubhe Plan 2.0," promising to launch 35 intelligent vehicle models in the next three years.
As&nbsp;<a href="https://cnevpost.com/2025/02/10/dongfeng-changan-hint-at-merger/">reported</a>, the proposed merger between Dongfeng and Changan could result in one of the world&#8217;s largest auto groups. This consolidation could significantly alter the competitive landscape of China&#8217;s auto industry and have far-reaching implications for the global automotive market. A newly formed entity overseeing both Dongfeng Motor and Changan Automobile would become China's top carmaker by sales, surpassing BYD, the world's leading EV manufacturer.
Meanwhile, BYD outshined Tesla in terms of EV registrations in January in the UK.  Society of Motor Manufacturers and Traders (SMMT) reported that while Elon Musk&#8216;s Tesla saw a 7.79% decline in registered EVs, BYD reported a 551% surge in its EV registrations for January.
<ul>
<li>READ MORE: <a href="https://in.benzinga.com/tech/25/02/43585701/tesla-ceo-elon-musk-vp-of-finance-address-allegations-of-tax-fraud-losses-were-high-for-many-years-so-carry-forward">Tesla CEO Elon Musk, VP Of Finance Address Allegations Of Tax Fraud: &#8216;Losses Were High For Many Years, So Carry Forward&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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General

BYDDF

BYDYY

TSLA

Tesla's Chinese Rival BYD May Lose Market Dominance As China's Dongfeng And Changan Mull Merger: Report

WIIM

GOLD

PAAS

Shares of precious metals stocks are trading higher as gold and silver prices rise amid US tariffs on steel and aluminum.

Barclays analyst David Strauss maintains ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) with a Overweight and raises the price target from $70 to $75.

Price Target

Analyst Ratings

Barclays Maintains Overweight on ATI, Raises Price Target to $75

NEWP

New Pacific Metals Outlines 2025 Plans For Operations In Bolivia; At Both Assets, Silver Sand and Carangas, Its Primary Objective Is To Advance Permitting

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PDD Holdings shares are trading higher after President Trump reportedly postponed tariffs on packages under $800 from China.

Barclays analyst Ramsey El-Assal maintains WEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WEX#NYSE">WEX</a>) with a Equal-Weight and lowers the price target from $200 to $155.

Barclays Maintains Equal-Weight on WEX, Lowers Price Target to $155

Buybacks

SCHW

Charles Schwab Agrees To Repurchase $1.5B Of Its Nonvoting Common Stock Directly From TD, In Private Transaction

BP shares are trading higher after a report from The Wall Street Journal said Elliott Management has built a stake in the company and will push for changes.

SDST

Stardust Power shares are trading higher after the company executed an exclusive licensing agreement with KMX Technologies.

Barclays analyst Ramsey El-Assal maintains MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with a Overweight and lowers the price target from $515 to $421.

MSTR

Barclays Maintains Overweight on MicroStrategy, Lowers Price Target to $421

Northland Capital Markets analyst Tim Savageaux upgrades MACOM Technology Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>) from Market Perform to Outperform and raises the price target from $105 to $140.

Upgrades

MTSI

Northland Capital Markets Upgrades MACOM Technology Solns to Outperform, Raises Price Target to $140

Barclays analyst David Anderson maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Overweight and raises the price target from $235 to $265.

Barclays Maintains Overweight on Fiserv, Raises Price Target to $265

Earlier, Elliott Investment disagreed with the Company's decision to support a $265.00 per share tender offer by its majority stockholder, Emerson, to acquire the AspenTech shares it does not already own.&nbsp;
Should the tender offer expire without the majority of the minority condition being met, Emerson has no interest in a disposition or sale of its holdings and will maintain its majority ownership stake in and governance rights related to AspenTech, which will remain a publicly-traded controlled company.&nbsp;
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AZPN

Emerson Issues Statement At Launch Of AspenTech Tender Offer; Says $265 Per Share Price Is Its Best And Final Price

Barclays analyst Ramsey El-Assal maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Overweight and raises the price target from $95 to $103.

CTSH

Barclays Maintains Overweight on Cognizant Tech Solns, Raises Price Target to $103

Northland Capital Markets analyst Nehal Chokshi reiterates Qualys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) with a Market Perform and lowers the price target from $150 to $146.

Reiteration

QLYS

Northland Capital Markets Reiterates Market Perform on Qualys, Lowers Price Target to $146

The acquisition enhances DocGo's offerings by leveraging PTI Health's existing partnerships and ordering platform integrations with the nation's two largest labs, and will facilitate PTI Health's expansion into new markets. Initially, DocGo plans to expand PTI Health's operations into New York City, addressing critical gaps in facilitating lab and diagnostic services in one of the nation's largest urban markets.

DCGO

DocGo Acquires PTI Health To Enhance At-Home Lab Testing And Expand Mobile Diagnostic Services Nationwide

<ul>
<li>faidr 30-day retention continues to build</li>
<li>Upgraded subscription conversion optimization platform launched last week</li>
<li>Subscription revenue guidance to be reported end of Q1</li>
</ul>

AUUD

Auddia Reports Rising faidr 30-Day Retention, Expects February To Surpass 25% As Subscription Platform Expands

Solana&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) rapid growth faces <a href="https://www.benzinga.com/money/solana-price-prediction">a significant obstacle,</a> according to Mert Mumtaz, Co-Founder and CEO of Helius Labs.
In an interview with Benzinga, Mumtaz highlighted the lack of standardized data formats, hindering actionable insights for developers and users alike.
He said the absence of uniform data schemas prevents efficient indexing and accessibility, making it difficult for different user segments to extract meaningful insights from blockchain networks.
Mumtaz identified that a primary hurdle in on-chain data lies not in technical limitations, but in the absence of universal standards. 
&#8220;The biggest hurdle in onchain data is the lack of common standards for what that data should look like,&#8221; Mumtaz stated. 
He elaborated that different users require specific data tailored to their needs, making it uneconomical to serve all use cases without standardization. 
&#8220;For data to be actionable, it must be ready to use for a specific customer-type. Stablecoins need stablecoin data. Traders need price data. NFT people need NFT data,&#8221; he said.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43570466/bitcoin-to-hit-all-time-highs-in-february-under-one-condition-standard-chartered-says">Bitcoin To Hit All-Time Highs In February Under One Condition, Standard Chartered Says</a>
To overcome this, Mumtaz advocated for establishing consistent data schemas to facilitate self-service capabilities. 
This would empower developers to access and utilize the necessary data without additional effort or customized solutions.
Mumtaz also noted the sheer scale and volume of data presents an &#8220;economic&#8221; problem as it&#8217;s not cheap to index.
Beyond data accessibility, Mumtaz also highlighted the rapid pace of Solana&#8217;s network upgrades as another developer challenge.
The rapid updates often require developers to swiftly adapt and learn new best practices to prevent their code from becoming outdated. 
Helius, according to Mumtaz, is focused on making data reading as easily and reliably as possible in the current Solana environment.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43568126/blackrock-expands-investment-in-bitcoin-heavy-strategy-reaching-5-ownership">BlackRock Expands Investment In Bitcoin-Heavy Strategy, Reaching 5% Ownership</a></li>
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Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$SOL

Is Solana's Growth Being Held Back By A Technical Bottleneck?

Guidance

Onsemi Sees Q1 Adj. EPS $0.45-$0.55 vs. $0.89 Est., Revenue $1.35B-$1.45B vs. $1.687B Est.

This agreement grants Stardust Power the exclusive rights to utilize KMX's innovative vacuum membrane distillation technology for lithium extraction and concentration across the United States, Canada, and select international markets.

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On Holding

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