On Nov 13, major Wall Street analysts update their ratings for $On Holding (ONON.US)$, with price targets ranging from $53 to $64.
Goldman Sachs analyst Richard Edwards maintains with a buy rating, and sets the target price at $57.
Barclays analyst Adrienne Yih maintains with a buy rating, and adjusts the target price from $47 to $63.
Evercore analyst Michael Binetti maintains with a buy rating, and maintains the target price at $60.
TD Cowen analyst John Kernan maintains with a buy rating, and adjusts the target price from $58 to $60.
Baird analyst Jonathan Komp maintains with a buy rating, and adjusts the target price from $50 to $63.
Furthermore, according to the comprehensive report, the opinions of $On Holding (ONON.US)$'s main analysts recently are as follows:
On Holding's Q3 earnings report highlighted its progression towards becoming a dominant global athletic wear brand with a premium, direct-to-consumer focus. Projections suggest that On Holding could achieve a 22% compound annual sales growth rate over five years alongside a 5% earnings per share growth rate annually. This performance could position On as one of the fastest-growing athletic wear brands, justifying a premium valuation multiple.
Following the Q3 report, it's noted that the company experienced a reacceleration in sales, particularly in the direct-to-consumer segment, as issues with warehousing were resolved. It's also observed that the company's margins have improved, benefiting from healthier inventory levels.
The company's third-quarter constant currency direct-to-consumer sales were deemed impressive, accompanied by an expansion in group gross margins year-over-year to 60.6%, as noted by an analyst.
The firm's adjustment in their target is due to third-quarter results surpassing initial sales and EBITDA expectations. Positive statements regarding fourth-quarter revenue trends, sustained full-price sales, and the innovation pipeline have reinforced the firm's belief in the brand's ability to achieve a growth rate exceeding 30% by FY25E.
The firm noted Q3 results exceeded consensus and aligned with recent heightened expectations. Notably, the significant direct-to-consumer growth and gross margin improvements underscore the positive outcomes from increasing brand awareness and premium innovation.
Here are the latest investment ratings and price targets for $On Holding (ONON.US)$ from 11 analysts:
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美東時間11月13日，多家華爾街大行更新了$昂跑 (ONON.US)$的評級，目標價介於53美元至64美元。
高盛集團分析師Richard Edwards維持買入評級，目標價57美元。
巴克萊銀行分析師Adrienne Yih維持買入評級，並將目標價從47美元上調至63美元。
Evercore分析師Michael Binetti維持買入評級，維持目標價60美元。
TD Cowen分析師John Kernan維持買入評級，並將目標價從58美元上調至60美元。
貝雅分析師Jonathan Komp維持買入評級，並將目標價從50美元上調至63美元。
此外，綜合報道，$昂跑 (ONON.US)$近期主要分析師觀點如下：
On Holding的第三季度收益報告突顯了其向成爲具有優勢地位的全球高級運動服裝品牌邁出的步伐，專注於直接面向消費者。預測顯示，On Holding有望實現每年22%的複合年銷售增長率，在五年內實現每年5%的每股收益增長率。這樣的表現可能將On定位爲增長速度最快的運動服裝品牌之一，從而證明其具有溢價估值倍數。
根據第三季度報告，公司銷售重新加速，特別是在解決倉儲問題後直接面向消費者部門的銷售增長。觀察到公司的利潤率有所提高，得益於更健康的庫存水平。
該公司第三季度的不變貨幣直接面向消費者銷售額被認爲是令人印象深刻的，並且隨着集團毛利率同比提高到60.6％，由分析師指出。
公司調整其目標是基於第三季度的業績超過了最初的銷售和EBITDA預期。關於第四季度收入趨勢、持續的全價銷售和創新管道的積極表態加強了公司對該品牌達到超過30％增長率的信心（截至FY25E）。
該公司指出第三季度的業績超出共識，並與最近提高的預期保持一致。值得注意的是，顯着的直接面向消費者增長和毛利率提高凸顯了通過增加品牌知名度和優質創新而帶來的積極結果。
以下爲今日11位分析師對$昂跑 (ONON.US)$的最新投資評級及目標價：
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