On Holding Continues Its Run Post Solid Q3; Analysts Bump Up Price Target

by Shivani Kumaresan, Benzinga Staff Writer

November 17, 2021 1:53 PM | 1 min read | Make a Comment

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.