On Holding Gets Price Target Bumps By Analysts After Q4 Results

On Holding AG ONON reported a sharp rise in sales results for the fourth quarter on Tuesday.

On Holding said quarterly revenue increased 91.9% year-over-year to CHF 366.8 million ($396.98 million). The company reported adjusted earnings of CHF 0.02 up from a loss of CHF 0.04 year-over-year.

Full-year 2023 net sales are expected to be approximately CHF 1.7 billion.

On Holding shares jumped 26.4% to close at $27.26 on Tuesday.

These analysts made changes to their price targets on On Holding following the release of results.

• Telsey Advisory Group boosted the price target on On Holding from $30 to $33. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating.
• Morgan Stanley increased the price target on On Holding from $26 to $33. Morgan Stanley analyst Alex Straton maintained an Overweight rating.
• Credit Suisse increased the price target on On Holding from $28 to $33. Credit Suisse analyst Michael Lapides maintained the stock with an Outperform rating.
• Baird boosted the price target on On Holding from $31 to $33. Baird analyst Jonathan Komp maintained the stock with an Outperform rating.

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