ONON ▲ +1.5% - On Holding AG $ONON Needham raised the firm's price target on On Holding to $40 from $37 and keeps a Buy rating on the shares. Amid a challenging athleticwear environment, On provided a compelling multi-year roadmap, with 3-year financial targets that exceeded Street expectations, the analyst tells investors in a research note. The management seems to have threaded the needle nicely and offered an outlook that is both bullish and believable, the firm added. Needham raised its price target on On Holding to $40 from $37 while maintaining a Buy rating, citing the company's multi-year financial targets that exceeded analyst expectations despite a challenging athleticwear market. The analyst noted that management's outlook struck a balance between ambition and credibility, lifting shares 1.5% on the upgraded guidance. 23-SEP-2026 09:20 AM ET