On Holding's Growth Soars: Analysts See Strong Upside Amid New Initiatives Beyond Footwear, Star-Studded Marketing

Core Viewpoint - On Holding AG (ONON) shares have seen an increase in trading, with multiple firms raising their price forecasts for the stock, indicating positive market sentiment and growth expectations for the company. Group 1: Analyst Insights - Telsey Advisory Group expresses confidence in On's ability to meet or exceed its 2025 guidance, attributing this to its manufacturing base in Vietnam and minimal exposure to Chinese import tariffs [2] - Analysts highlight that On is on track to meet its 2026 financial targets, with apparel growth driven by new retail stores and marketing campaigns featuring celebrities [2][4] - The company is expected to maintain brand momentum through product launches, new store openings, and increased apparel penetration [3] Group 2: Market Performance and Projections - Revenue is projected to grow by 29% in 2025 and 22% in 2026, with EBITDA margins expected to be 17.4% in 2025 and 18.1% in 2026, reflecting an upward revision from previous estimates [6] - ONON shares are currently trading higher by 5.25% at $53.29, indicating positive market reaction [6] Group 3: Price Forecasts - Telsey Advisory Group maintains an Outperform rating with a price forecast of$67 [8] - Needham analyst maintains a Buy rating with a price forecast of $64 [8] - Raymond James reiterates a Strong Buy rating with a price forecast of$68 [8]