Highlights:
- On Holdings (ONON, Financial) achieves a robust 43% increase in Q1 sales, significantly surpassing market expectations.
- Analysts' average target price suggests a 15.42% upside potential from the current stock price.
- On Holding AG maintains an "Outperform" rating with positive growth forecasts.
On Holdings AG (ONON) has delivered an impressive performance this quarter, reporting a 43% increase in Q1 sales to reach CHF726.6 million (approximately $862.8 million). This remarkable growth exceeded the expected $805 million, demonstrating strong demand across all geographical regions and distribution channels. Following this news, the company's shares experienced a 5% uptick. However, On Holdings has also adjusted its fiscal year 2025 sales growth forecast to 28% while slightly revising its profit margin expectations.
Wall Street Analysts' Forecast
Analysts are optimistic about On Holding AG (ONON, Financial)'s future, with 26 experts providing a one-year average target price of $59.22. This prediction spans a range from a high of $82.95 to a low of $49.24, suggesting a potential upside of 15.42% from the current stock price of $51.31. For more detailed projections, you can visit the On Holding AG (ONON) Forecast page.
Furthermore, the consensus from 28 brokerage firms positions On Holding AG with an average recommendation score of 1.8, classifying it as "Outperform." This rating is based on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
According to GuruFocus estimates, the one-year estimated GF Value for On Holding AG (ONON, Financial) is $52.38. This suggests a modest upside of 2.09% from the current market price of $51.31. The GF Value is derived from historical trading multiples, past business growth, and future performance projections. Detailed information is available on the On Holding AG (ONON) Summary page.
