On Holding Poised for Rapid Growth, UBS Maintains Buy Rating

• On Holding AG (NYSE:ONON) reported a quarterly revenue of $726.6 million, indicating strong sales and market presence.
• The company achieved a net income of $56.7 million and a gross profit of $435.3 million, showcasing effective cost management and operational efficiency.
• UBS maintains a "Buy" rating for NYSE:ONON, raising the price target from $75 to $79, reflecting optimism about the company's growth potential.

On Holding AG, known on the NYSE:ONON, is a prominent player in the athletic footwear and apparel industry. The company is recognized for its innovative designs and technology-driven products. As a competitor to brands like Nike and Adidas, On Holding has carved out a niche with its unique approach to performance gear.

In its recent financial report for the second quarter ending June 30, 2025, On Holding AG has shown notable financial performance. The company reported a quarterly revenue of $726.6 million, indicating strong sales and market presence. This revenue figure is a key indicator of the company's ability to capture consumer interest and maintain its competitive edge.

The company's profitability metrics also reflect positive developments. On Holding achieved a net income of $56.7 million, supported by a gross profit of $435.3 million. These figures suggest effective cost management, as the cost of revenue was $291.3 million. The operating income of $77 million further highlights the company's operational efficiency.

Investors are likely to be interested in the strategic insights provided by these financial metrics. The earnings per share (EPS) of $0.17 and an EBITDA of $98.1 million are crucial indicators of the company's financial health. Additionally, the income before taxes was $63.9 million, with an income tax expense of $7.2 million, showcasing a solid financial foundation.

UBS's decision to maintain a "Buy" rating for NYSE:ONON, as reported by TheFly, reflects confidence in the company's future prospects. The stock was priced at $48.14 at the time of this announcement, with UBS raising the price target from $75 to $79. This adjustment suggests optimism about On Holding's potential for growth and market performance.

• On Holding AG (NYSE:ONON) reported a 32% year-over-year increase in net sales, reaching CHF 749.2 million in Q2.
• The company raised its full-year guidance following a 10% increase in its share price post-earnings.
• Despite a downgrade from Jefferies, 19 out of 22 analysts rate ONON as a "buy" or "strong buy".

On Holding AG (NYSE:ONON), a Switzerland-based sportswear company, is known for its innovative footwear and apparel. The company has gained attention for its rapid growth and strong market presence. Despite recent positive financial results, Jefferies downgraded ONON from Buy to Underperform on August 13, 2025, when the stock was priced at $49.81, as reported by TheFly.

The downgrade comes after ONON's impressive second-quarter performance, which saw a 32% year-over-year increase in net sales, reaching CHF 749.2 million. This growth exceeded the consensus forecast of CHF 703.8 million. The company also raised its full-year guidance, boosting investor confidence and leading to a 10% increase in its share price post-earnings.

Despite the positive financial results, ONON's stock is still down 10.2% for the year. The stock has shown resilience, rebounding from the $44 level and surpassing the 320-day moving average. Analysts remain optimistic, with 19 out of 22 rating the stock as a "buy" or "strong buy," while three suggest a "hold."

ONON's second-quarter adjusted EBITDA exceeded consensus estimates by 17.9%, driven by significant net sales growth. The company reported an adjusted EBITDA margin of 18.2%, outperforming the consensus of 16.4%. Management has revised their 2025 guidance, projecting at least 31% sales growth in constant currency terms.

Following these announcements, ONON's shares rose by 9.43% to $50.03. Despite the Jefferies downgrade, analyst Richard Edwards from Goldman Sachs maintained a Neutral rating with a price target of $64. The stock's current movement reflects a rebound, with a market capitalization of approximately $16.13 billion and a trading volume of 19,371,085 shares on the NYSE.

ON Holding AG (NYSE:ONON) is a prominent player in the athletic footwear and apparel industry, known for its innovative designs and high-performance products. The company has gained a strong foothold in the market, competing with other major brands like Nike and Adidas. As ONON prepares to release its quarterly earnings on August 12, 2025, investors are keenly watching for signs of growth and profitability.

Wall Street estimates that ONON will report earnings per share of $0.24, with projected revenue of approximately $704.3 million. Investors are hopeful for a positive earnings surprise, which could potentially reverse the current trend of the stock and lead to an upward movement. The company's strong revenue growth and expanding margins have been key factors in its performance, but the high valuation, with a P/E ratio of 60.11, suggests limited room for further gains.

Despite the high valuation, ONON maintains a strong balance sheet, with a low debt-to-equity ratio of 0.23, indicating minimal reliance on debt. The current ratio of 2.80 further highlights the company's ability to cover short-term liabilities with its assets. However, future growth may face challenges due to market saturation and weak consumer sentiment, which could impact the company's ability to expand its margins further.

The company's enterprise value to sales ratio of 4.49 and price-to-sales ratio of 4.70 reflect its total valuation relative to sales, indicating that investors are paying a premium for each dollar of sales. Additionally, the enterprise value to operating cash flow ratio of 27.78 shows how many times the company's operating cash flow is covered by its enterprise value. These metrics suggest that while ONON is performing well, the potential for further margin expansion is constrained.

As ONON releases its earnings report, the stock's movement will largely depend on whether the actual results surpass expectations. A positive earnings surprise could lead to a rise in the stock price, while a miss might result in a decline. The sustainability of any immediate price change and future earnings expectations will be influenced by management's discussion of business conditions during the earnings call.

On Holding (NYSE:ONON) kicked off 2025 with impressive first-quarter results, outpacing analyst expectations across revenue, earnings, and profitability. As a result, the company’s shares surged more than 11% intra-day today.

The Swiss athletic footwear company posted earnings of CHF0.17 per share, exceeding the CHF0.15 estimate. Revenue surged 43% year-over-year to CHF726.6 million, well above the CHF680.5 million forecast, driven by broad-based strength across all regions and sales channels.

Regional growth was led by Asia Pacific, where revenue more than doubled to CHF120.6 million, significantly outpacing estimates. The Americas and EMEA also posted robust gains of 33% and 34%, respectively.

Sales momentum remained strong both online and in stores. Direct-to-consumer revenue rose 45% to CHF276.9 million, while wholesale sales climbed 42% to CHF449.7 million, with both metrics beating expectations.

Adjusted EBITDA climbed 55% year-over-year to CHF119.9 million, topping projections, while gross margin edged higher to 59.9%, narrowly beating forecasts.

Despite the upbeat quarter, On lowered its full-year revenue forecast to CHF2.86 billion, below both prior guidance and the CHF2.96 billion consensus. Still, the company raised its constant currency growth outlook to at least 28%, signaling confidence in underlying demand despite a volatile economic backdrop.

On Holding (NYSE:ONON) kicked off 2025 with impressive first-quarter results, outpacing analyst expectations across revenue, earnings, and profitability. As a result, the company’s shares surged more than 11% intra-day today.

The Swiss athletic footwear company posted earnings of CHF0.17 per share, exceeding the CHF0.15 estimate. Revenue surged 43% year-over-year to CHF726.6 million, well above the CHF680.5 million forecast, driven by broad-based strength across all regions and sales channels.

Regional growth was led by Asia Pacific, where revenue more than doubled to CHF120.6 million, significantly outpacing estimates. The Americas and EMEA also posted robust gains of 33% and 34%, respectively.

Sales momentum remained strong both online and in stores. Direct-to-consumer revenue rose 45% to CHF276.9 million, while wholesale sales climbed 42% to CHF449.7 million, with both metrics beating expectations.

Adjusted EBITDA climbed 55% year-over-year to CHF119.9 million, topping projections, while gross margin edged higher to 59.9%, narrowly beating forecasts.

Despite the upbeat quarter, On lowered its full-year revenue forecast to CHF2.86 billion, below both prior guidance and the CHF2.96 billion consensus. Still, the company raised its constant currency growth outlook to at least 28%, signaling confidence in underlying demand despite a volatile economic backdrop.

• The average price target for On Holding AG (NYSE:ONON) has been adjusted to $59, down from $66, indicating a change in analyst sentiment.
• Despite a decrease in the short-term price target, the current target is still higher than last year's $49.93, showing overall increased confidence in ONON's performance.
• Berenberg Bank's price target of $31 for ONON reflects a positive outlook on its growth potential in the competitive athletic footwear and apparel market.

On Holding AG (NYSE:ONON) is a Swiss company renowned for its innovative athletic footwear, apparel, and accessories, competing with industry giants like Nike (NKE) but distinguishing itself with unique product offerings. Over the past year, the consensus price target for ONON has experienced notable fluctuations, reflecting changing analyst sentiments.

Last month, analysts set the average price target for ONON at $59, indicating moderate optimism about the stock's short-term potential. This is a decrease from the previous quarter's target of $66, suggesting a shift in analyst sentiment. Despite this, the current target remains higher than last year's $49.93, showing increased confidence in the company's performance over time.

Recent developments, such as earnings reports, play a crucial role in shaping these price targets. As highlighted by Landon Swan from LikeFolio, ONON is expected to surpass earnings estimates in its upcoming report. This potential earnings beat could lead to upward revisions in price targets, as strong financial performance often boosts analyst confidence.

Product launches and innovations are also key factors influencing analyst outlooks. Any new offerings in ONON's athletic footwear and apparel lines could positively impact the stock's price target. Additionally, market trends, such as shifts in consumer preferences, can affect the stock's valuation. Investors should stay informed about these developments to make well-rounded investment decisions.

Berenberg Bank has set a price target of $31 for ONON, indicating a positive outlook despite its smaller market share compared to Nike. This suggests that ONON's growth potential is recognized by analysts, offering investment opportunities in the retail and wholesale sector. Investors are encouraged to use tools like the Zacks Earnings ESP to identify stocks likely to exceed earnings estimates, further supporting investment decisions.

• The average price target for On Holding AG (NYSE:ONON) has been adjusted to $59, down from $66, indicating a change in analyst sentiment.
• Despite a decrease in the short-term price target, the current target is still higher than last year's $49.93, showing overall increased confidence in ONON's performance.
• Berenberg Bank's price target of $31 for ONON reflects a positive outlook on its growth potential in the competitive athletic footwear and apparel market.

On Holding AG (NYSE:ONON) is a Swiss company renowned for its innovative athletic footwear, apparel, and accessories, competing with industry giants like Nike (NKE) but distinguishing itself with unique product offerings. Over the past year, the consensus price target for ONON has experienced notable fluctuations, reflecting changing analyst sentiments.

Last month, analysts set the average price target for ONON at $59, indicating moderate optimism about the stock's short-term potential. This is a decrease from the previous quarter's target of $66, suggesting a shift in analyst sentiment. Despite this, the current target remains higher than last year's $49.93, showing increased confidence in the company's performance over time.

Recent developments, such as earnings reports, play a crucial role in shaping these price targets. As highlighted by Landon Swan from LikeFolio, ONON is expected to surpass earnings estimates in its upcoming report. This potential earnings beat could lead to upward revisions in price targets, as strong financial performance often boosts analyst confidence.

Product launches and innovations are also key factors influencing analyst outlooks. Any new offerings in ONON's athletic footwear and apparel lines could positively impact the stock's price target. Additionally, market trends, such as shifts in consumer preferences, can affect the stock's valuation. Investors should stay informed about these developments to make well-rounded investment decisions.

Berenberg Bank has set a price target of $31 for ONON, indicating a positive outlook despite its smaller market share compared to Nike. This suggests that ONON's growth potential is recognized by analysts, offering investment opportunities in the retail and wholesale sector. Investors are encouraged to use tools like the Zacks Earnings ESP to identify stocks likely to exceed earnings estimates, further supporting investment decisions.