On Holding Posts Strong Beat-And-Raise Q2 As 'Select Price Increases' Offset Tariff Costs

Shares of On Holding AG (NYSE:ONON) declined in early trading on Wednesday, despite the company reporting upbeat second-quarter results.

Here are some key analyst takeaways.

Needham analyst Tom Nikic reiterated a Buy rating and price target of $62.

Telsey Advisory Group analyst Cristina Fernández reaffirmed an Outperform rating and price target of $65.

Check out other analyst stock ratings.

Needham: On Holding reported a "rock solid beat-and-raise" quarter, Nikic said. DTC growth accelerated to 54% in the second quarter, from 42% in the previous quarter, representing the highest growth quarter since the third quarter of 2023.

Strength across e-commerce and retail stores drove DTC growth. Wholesale ...