On Holding AG reaches 20-day high amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 08 Jan 26
Source: SeekingAlpha
On Holding AG's stock rose by 3.27% today, reaching a 20-day high. This movement occurs in a mixed market environment, with the Nasdaq-100 down 0.59% and the S&P 500 slightly up by 0.04%.
The increase in On Holding AG's stock price is attributed to sector rotation, as investors are shifting their focus towards companies in the activewear sector, despite the overall market's mixed performance. This trend suggests that On Holding AG is gaining traction among investors looking for growth opportunities in a challenging market.
The implications of this price movement indicate a potential shift in investor sentiment towards On Holding AG, which may lead to increased interest and further price appreciation if the trend continues.
Analyst Views on ONON
Wall Street analysts forecast ONON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ONON is 60.79 USD with a low forecast of 30.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
18 Buy
2 Hold
1 Sell
Strong Buy
Current: 44.860
Low
30.00
Averages
60.79
High
85.00
Current: 44.860
Low
30.00
Averages
60.79
High
85.00
About ONON
On Holding AG is a Switzerland-based company active in athletic sports accesories industry. The Company provides footwear and sports apparel and is engaged in developing and distributing performance sports products, through independent retailers and global distributors. The Company sells its products trough the internet and its own stores.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
