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Nov 13, 2025 12:00 PM

On Holding Smashes Q3 Expectations, Raises Outlook; Set To Outperform Peers: Analysts

Shares of On Holding (NYSE:ONON) climbed in early trading on Wednesday, after the company Tuesday reported upbeat second-quarter results.

Here are some key analyst takeaways:

Needham analyst Tom Nikic reaffirmed a Buy rating, while cutting the price target from $62 to $52.

Telsey Advisory Group analyst Cristina Fernández maintained an Outperform rating and price target of $65.

BTIG analyst Janine Stichter reiterated a Buy rating and price target of $70.

Check out other analyst stock ratings.

Needham: On Holding's APAC (Asia Pacific) revenues grew 109%, representing the fourth consecutive quarter of triple-digit growth, Nikic said in a note. Revenues from EMEA (Europe, the Middle East and Africa) and the Americas region grew 33% and 21%, respectively, he added.

The company's gross margin improved by 510 basis points (bps) year-on-year, above Street ...