On Holding (ONON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The latest trading day saw On Holding (ONON) settling at $38.60, representing a -0.41% change from its previous close.
Nike is the current champion of the consumer apparel market, with $50 billion in sales and $5 billion in profit over the last twelve months alone. ON Holding is a new challenger in the industry, and while the company's financials are a fraction of the size, the company sports significant growth potential and a unique appeal. While we're not sure about ON's ability to reach NKE in the short term, the company has demonstrated very strong product, marketing, and operational execution.
M Science published a cautious report against On Holding AG (NYSE: ONON) on Friday. Shares of the sneaker company are in the red at writing.
On Holding stock is up more than 50% YTD. Despite its recent runup, I believe there's more upside for investors. For one, On could grow its Apparel and Accessories businesses 100x.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
On Holding (ONON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
On Holding (ONON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The athleticwear maker is still fairly unknown globally, giving it tons of room to run. On has a resilient model that supports growth even amid challenges like inflation.
On Holdings is a Swiss company that is gaining popularity in the running shoes and sportswear. The company could triple its sales and still would make less than some competitors like Under Armor today. There's a long run ahead. I think ON is currently a hold after having risen more than 20% post-Q1 2024 results, but I'll be waiting for a buy opportunity in the short term.
On Holding beat estimates on the top and bottom lines. The company continues to gain market share amid a difficult environment in its industry.
Another record quarter should lead off a record year of sales for On Holding. The company thinks strong demand will result in at least 30% sales growth in 2024.