ONON Stock Recent News
ONON LATEST HEADLINES
ONON shows strong upward momentum, with a recent -21% pullback presenting a buying opportunity, targeting a +45% potential gain to $74. Despite high valuation concerns, ONON's solid revenue growth, high profit margins, and impressive cash flow performance support the upward momentum. The company's solid business model and its innovative technology have driven significant market share growth.
The latest trading day saw On Holding (ONON) settling at $54.04, representing a +0.13% change from its previous close.
On Holding (ONON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
On Holding stock has done well after bottoming at $15.6 in 2022. It has soared to $56, giving it a market cap of over $18 billion and making it one of the fastest-growing brands in the footwear and apparel industries.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
On Holding (ONON) concluded the recent trading session at $59.04, signifying a +1.2% move from its prior day's close.
On Holding (ONON) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
The stock market is always in flux, which is why it's so important for investors to focus on fundamentals and think long term. 2024 was a great year for the market, and that trend could continue into 2025.
The latest trading day saw On Holding (ONON) settling at $63.62, representing a +0.92% change from its previous close.
On Holding (ONON) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.