ADDYY - 8 Reasons To Buy On Holding
2024-06-18 10:54:52 ET
Summary
- On Holding stock is up more than 50% YTD.
- Despite its recent runup, I believe there's more upside for investors.
- For one, On could grow its Apparel and Accessories businesses 100x.
- In addition, the upcoming Olympics could serve as a catalyst for the stock.
- That said, here are eight reasons to be bullish on ONON.
Introduction
On Holding ( ONON ) has been one of the top performers in my portfolio this year as the stock is up 54% YTD while the S&P 500 ( SPY ) is up only 15% YTD.
Given the meteoric rise in its share price, some investors might be inclined to sell the stock and allocate their profits elsewhere. While that may be a sensible move, I believe there's still plenty of upside for On stock in the next year or so....
8 Reasons To Buy On Holding