On Holding Rallies as Goldman, Stifel Back 2029 Growth Targets

On Holding shares surged in the September 22 session after Goldman Sachs reiterated its rating on the stock, pointing to the company's 2029 financial targets, and Stifel raised its price target to $41 while keeping a Buy rating. The moves came the same day analysts flagged the stock as one of the day's biggest gainers, with commentary attributing the jump to renewed confidence in the sportswear brand's multi-year growth plan. The dual analyst support matters because On Holding has faced questions about whether its rapid expansion can sustain profitability at scale. Having two major brokerages reaffirm bullish views on the same day gives the stock a floor of institutional backing heading into the next earnings cycle. What remains unresolved is whether the 2029 targets Goldman referenced can survive near-term consumer spending pressure in North America and Europe, where footwear demand has been uneven.