🟢 ONON is trading 4.14% up today after Raymond James upgraded shares to Strong Buy with a $52 price target

ONON is trading at $37.71, up 4.14% in after-hours trading after Raymond James upgraded On Holding AG to Strong Buy from Outperform and added the stock to its Analyst Current Favorites list.

• The new $52.00 price target implies approximately 38% upside from current levels, with analysts noting the stock has declined 16% since its last earnings report.
• The upgrade highlights significant valuation upside and company-specific momentum that allowed the stock to decouple from broader market weakness.
• During the regular session, major indices fell between 0.40% and 0.58%, making the after-hours rally a notable outlier driven by the analyst catalyst.