On Holding AG Surpasses Analyst Target Price, What’s Next for Investors?
Recently, shares of On Holding AG (Symbol: ONON) have risen above the average analyst target price for the next 12 months, now trading at $50.65 per share against a target of $50.29. When a stock reaches its target, analysts typically have two options: they can either downgrade their valuation or raise the target price based on positive business developments. Decisions made by analysts often depend on the company’s performance, indicating whether further price increases are justified.
There are currently 17 different analyst targets under Zacks coverage evaluating On Holding AG. While the average serves as an overall guide, individual analyst predictions vary widely. One analyst, for instance, has set a low target of $34.00, whereas another is optimistic with a target of $60.00, reflecting a standard deviation of $7.354 among the forecasts.
The purpose of examining the average price target is to gain insight from a collective perspective rather than relying on a single expert opinion. As ONON moves beyond the average target of $50.29, it provides investors an opportunity to assess whether this is a temporary milestone on the path to a higher value or if the stock has become overvalued, warranting a cautious approach. Below is a summary of recent analyst ratings for On Holding AG:
| Recent ONON Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 15 | 16 | 16 | 15 |
| Buy ratings: | 1 | 1 | 1 | 0 |
| Hold ratings: | 2 | 3 | 2 | 2 |
| Sell ratings: | 0 | 0 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.28 | 1.35 | 1.4 | 1.39 |
The average rating presented above applies a scale of 1 to 5, where 1 is a Strong Buy and 5 is a Strong Sell. This analysis utilized data provided by Zacks Investment Research via Quandl.com. To stay updated, consider accessing the latest Zacks research report on ONON — available for free.
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Additional Resources:
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
