on Holding AG onon reported a sharp increase in the sales results of tuesday fourth quarter,
On Holding said quarterly revenue rose 91.9% year-on-year to CHF 366.8 million ($396.98 million). The company reported adjusted earnings of CHF 0.02 from a loss of CHF 0.04 year-on-year.
Full-year 2023 net sales are expected to be approximately CHF 1.7 billion.
Holding’s shares jumped 26.4% to close at $27.26 on Tuesday.
These analysts revised their price targets on holding after the results release.
- Telsey Advisory Group Raised the price target from $30 to $33 on Hold. Telse Advisory Group analyst Joseph Feldman maintained an outperform rating.
- Morgan Stanley Raised the price target to $33 from $26 on On Holding. Morgan Stanley analyst Alex Stratton maintained an overweight rating.
- credit Suisse Raised the price target to $33 from $28 on On Holding. Credit Suisse analyst Michael Lapides maintains the stock with an Outperform rating.
- Baird Raised the price target to $33 from $31 on On Holding. Baird analyst Jonathan Komp maintains the stock with an Outperform rating.
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