UBS analyst Jay Sole believes the firm’s tenth annual global athletic wear survey shows On Holding (ONON) has “big growth potential, citing the fact that On’s aided brand awareness still has major room to grow and the trend that “suggests it will.” The firm, which forecasts On delivering a 22% five-year sales compound annual growth rate and 43% five-year EPS CAGR, says this type of growth would make On “one of the world’s fastest growing athletic wear brands and worthy of a premium multiple.” UBS keeps a Buy rating and $63 price target on the shares.
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