On Holding AG Surpasses Analyst Price Target: What’s Next?
In recent trading, shares of On Holding AG (Symbol: ONON) climbed above the average analyst 12-month target price of $59.59, currently priced at $60.25 per share. When a stock hits an analyst’s price target, they typically have two options: either downgrade the stock based on valuation or adjust their price target higher. Analyst responses can be influenced by fundamental business developments driving the stock’s increase. If conditions are favorable for the company, it may be time to raise the target price.
A total of 22 analysts contribute to the average target price for On Holding AG, making it a collaborative figure rather than the view of a single expert. While the average target stands at $59.59, it includes a range of opinions. Some analysts project lower targets, such as one estimating $44.00, while another suggests a high of $73.00, indicating a standard deviation of $7.088.
Evaluating the average price target serves as a collective insight from various analysts, offering a broader perspective on the stock’s potential. With ONON now above the average target price of $59.59, investors have a timely opportunity to reassess the company. They must decide whether this is just one step toward a higher valuation or if it’s time to consider cashing out some gains. Below is a summary of the current analyst sentiments about On Holding AG:
| Recent ONON Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 18 | 17 | 17 | 17 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 3 | 4 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.32 | 1.41 | 1.33 | 1.33 |
The average rating listed above ranges from 1 to 5, with 1 being a Strong Buy and 5 a Strong Sell. This analysis utilized data provided by Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
