On Holding AG (ONON) Shares Soar 4.62% on Bullish Outlook

On Holding AG (ONON) shares rose to their highest level since February 2025 today, with an intraday gain of 0.72%.

The strategy of buying ONON shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with an annualized gain of 9.77%. While the returns are not significantly high, the strategy demonstrated effectiveness, especially considering the recent surge of 13.00% intraday and the highest stock price since February 2025. The positive outlook from analysts and the strong Q1 earnings, with revenue exceeding expectations and a 43% top-line growth, suggest that ONON could continue its upward trend. Therefore, this strategy remains viable for investors seeking steady gains in the near term, aligned with the company's positive performance and market confidence.

On Holding AG's stock price has been on an upward trajectory, driven by strong first-quarter results. Analysts have responded by raising their price targets, citing robust growth in both direct-to-consumer (DTC) and wholesale channels. This positive performance is expected to continue, further bolstering investor confidence in the company's future prospects.

In addition to the strong Q1 results, On Holding's share price experienced a significant boost following a bullish outlook for the remainder of the year. This optimistic sentiment has been reflected in a 4.62% increase in share price, indicating that investors are bullish on the company's future performance.

Further reinforcing this positive outlook, TD Cowen raised its price target for ONON stock. This move underscores the growing confidence in On Holding's future prospects, driven by a favorable sector outlook and the company's strong financial performance.