Wedbush analyst Tom Nikic reiterated an Outperform rating on the shares of On Holding AG (NYSE: ONON) with a price target of $36.
In its analyst day, On Holding laid out a plan to double revenues by FY26 (26% CAGR) and take margins up by 300+ basis points.
The analyst said the brand still has less than 10% brand awareness in the U.S., and even in Germany, they only have 15% awareness.
Even in their home country of Switzerland, their awareness is below 50%. So, they can continue to drive growth globally as the visibility of the brand increases, noted the analyst.
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