
ONON Stock Forecast & Price Target
ONON Analyst Ratings
Bulls say
On Holding AG demonstrated a strong financial performance, reporting a 32% increase in total sales, reaching CHF 749 million in the recent quarter. The company experienced substantial growth in direct-to-consumer (DTC) sales, which surged by 47%, leading to a significant enhancement in the sales mix, now comprising 41.4% of total sales. This robust growth in both overall sales and DTC channel underscores On Holding's strong market position and the increasing consumer demand for its premium performance sports products.
Bears say
On Holding AG is experiencing a concerning 10% year-over-year decline in inventory, suggesting potential inefficiencies in stock management or a decrease in demand for their products. Moreover, the company faces a significant foreign exchange headwind, estimated at around 550 basis points, due to the appreciation of the Swiss franc against other currencies, which could impact profitability. Additionally, logistical issues at the Atlanta distribution center have previously resulted in constrained direct-to-consumer sales, raising concerns about the company's operational effectiveness.
This aggregate rating is based on analysts' research of On Holding AG and is not a guaranteed prediction by Public.com or investment advice.
ONON Analyst Forecast & Price Prediction
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