Shares of On Holding AG (NYSE:ONON) declined in early trading on Wednesday, despite the company reporting upbeat second-quarter results.
Here are some key analyst takeaways.
- Needham analyst Tom Nikic reiterated a Buy rating and price target of $62.
- Telsey Advisory Group analyst Cristina Fernández reaffirmed an Outperform rating and price target of $65.
Check out other analyst stock ratings.
Needham: On Holding reported a “rock solid beat-and-raise” quarter, Nikic said. DTC growth accelerated to 54% in the second quarter, from 42% in the previous quarter, representing the highest growth quarter since the third quarter of 2023.
Strength across e-commerce and retail stores drove DTC growth. Wholesale …