ON
ONON
Wall Street still likes the jog
On Holding AG just got the kind of note companies love to screenshot: 24 brokerages now rate the stock a consensus "Moderate Buy". The average 12-month price target sits around $58.62, which is a lot sunnier than the stock’s recent $36.93 neighborhood.
The not-so-subtle fine print
This wasn’t a one-voice chorus either. The breakdown included 18 buy ratings, 1 strong buy, 3 hold, and 2 sell calls. Translation: analysts are mostly betting that On’s premium running-shoe brand still has room to sprint, even if a couple of skeptics are hanging back near the water station.
A little insider drama on the sidelines
There was also some insider activity in the mix. CEO Martin Hoffmann sold 4,150 shares at $33.95 under a pre-arranged Rule 10b5-1 plan, and insiders still own a chunky 68.57% of the company. That doesn’t scream panic; it reads more like routine portfolio housekeeping than a fire drill.
Why investors should care
For shareholders, the big takeaway is that Wall Street still sees On as a growth story with room to run — even with a lofty valuation and a stock that’s been bouncing around. Big picture: the sell-side is basically saying the brand is still cool, and cool brands tend to get a little extra patience from investors.