Sportswear stocks with U.S. exposure are well positioned for the NTM - MS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 30 2024
0mins
Source: SeekingAlpha
Market Outlook for Sportswear: Morgan Stanley analysts predict that U.S. premium niche sportswear brands, particularly Lululemon and On Running, are well-positioned for growth over the next year due to improved consumer spending intentions in activewear.
Stock Performance Insights: The survey indicates positive trends for stocks like ANTA Sports and Skechers, while major brands such as Nike and Adidas have neutral-to-positive outlooks, with Under Armour rated as neutral-to-negative.
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: 46.620
Low
30.00
Averages
60.79
High
85.00
Current: 46.620
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.
