- Credit Suisse analyst Michael Binetti raised On Holding AG's ONON price target to $49 from $38 and kept an outperform rating on the stock.
- Binetti said the company delivered "big" Q3 revenue/EBITDA beats despite outsized sourcing pressures.
- Baird analyst Jonathan Komp raised the price target to $51 from $38 and maintained an Outperform rating.
- The analyst said he remains confident in the company's ability to deliver attractive growth at/above its attractive multi-year algorithm, justifying premium valuation.
- Williams Trading analyst Sam Poser upgraded On Holding to Hold from Sell.
- The company reported a 67% sales growth in Q3.
- Price Action: ONON shares are trading higher by 19.4% at $54.44 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
