These Analysts Boost Their Forecasts On On Holding Following Upbeat Q3 Earnings

Core Insights - On Holding reported strong third-quarter earnings, with earnings per share of 54 cents, surpassing the analyst consensus estimate of 20 cents per share [1] - The company achieved quarterly sales of $993.036 million, exceeding the analyst consensus estimate of $939.020 million [1] - On Holding provided FY2025 sales guidance that is above expectations [1] Company Performance - Caspar Coppetti, Co-Founder and Executive Co-Chairman, highlighted the quarter as a record-setting period, showcasing the company's premium strategy and innovation [2] - The company emphasized its focus on excellence, which has driven global momentum and consumer trust [2] - On Holding's stock rose by 1.3% to $42.06 in pre-market trading following the earnings announcement [2] Analyst Reactions - Goldman Sachs analyst Richard Edwards maintained a Neutral rating and raised the price target from $50 to $52 [5] - Truist Securities analyst Joseph Civello maintained a Buy rating and increased the price target from $60 to $65 [5] - B of A Securities analyst Thierry Cota maintained a Buy rating and raised the price target from $62 to $63 [5]