Key Highlights:
- Raymond James downgrades On Holdings (ONON, Financial) due to tariff and currency issues.
- Despite challenges, strong demand anticipated with significant revenue projections for 2025 and 2026.
- Analysts foresee a potential stock price increase of nearly 30% from its current level.
Raymond James has adjusted its rating for On Holdings (ONON) from Strong Buy to Outperform. This change comes as the company navigates a 300 basis point impact due to tariffs and currency fluctuations affecting profit margins. Nevertheless, the firm remains optimistic about ongoing robust demand, projecting revenue of $2.9 billion by 2025 and $3.5 billion by 2026.
Wall Street Analysts' Projections
According to the price targets set by 26 analysts, On Holding AG (ONON, Financial) has an average target price of $66.82. The forecasts range with a high estimate of $92.71 and a low of $52.14. This average target suggests a potential upside of 29.35% from the current stock price of $51.66. For a full breakdown of these projections, visit the On Holding AG (ONON) Forecast page.
The consensus among 28 brokerage firms rates On Holding AG's (ONON, Financial) stock at 1.8, indicating an "Outperform" status. This rating is based on a scale where 1 represents a Strong Buy and 5 denotes a Sell.
Utilizing GuruFocus' proprietary metrics, the estimated GF Value for On Holding AG (ONON, Financial) over the next year stands at $56.60. This estimate implies an upside of 9.57% from the current price of $51.655. The GF Value is a calculation that reflects the fair trading value of the stock, taking into account historical trading multiples, past business growth, and future performance forecasts. For more comprehensive data, explore the On Holding AG (ONON) Summary page.
