<p>On Holding（紐約證券交易所代碼：ONON）在過去三個月內被 21 位分析師分析，揭示了從看漲到看跌的多樣化觀點。</p>
<p>下表提供了他們最近評級的簡要概覽，展示了過去 30 天情緒的變化，並與前幾個月進行比較。</p>
<table>
<thead>
<tr>
<th></th>
<th align="right"><strong>看漲</strong></th>
<th align="right"><strong>稍微看漲</strong></th>
<th align="right"><strong>無所謂</strong></th>
<th align="right"><strong>稍微看跌</strong></th>
<th align="right"><strong>看跌</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>總評級</strong></td>
<td align="right">8</td>
<td align="right">11</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>過去 30 天</strong></td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1 個月前</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2 個月前</strong></td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3 個月前</strong></td>
<td align="right">7</td>
<td align="right">9</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
<p>分析師們提供了 12 個月的價格目標，顯示出平均目標為 61.43 美元，最高預估為 85.00 美元，最低預估為 47.00 美元。當前的平均目標比之前的 63.30 美元下降了 2.95%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1768395658_0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="價格目標圖表" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1768395658_0.png"/></p>
<h2>解讀分析師評級：更深入的觀察</h2>
<p>對近期分析師行動的分析揭示了金融專家對 On Holding 的看法。以下總結展示了關鍵分析師、他們的最新評估以及對評級和價格目標的調整。</p>
<table>
<thead>
<tr>
<th>分析師</th>
<th>分析師公司</th>
<th>採取的行動</th>
<th>評級</th>
<th>當前價格目標</th>
<th>之前價格目標</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>維持</td>
<td>超越大盤</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Sam Poser</td>
<td>Williams Trading</td>
<td>下調</td>
<td>持有</td>
<td>$47.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>Guggenheim</td>
<td>宣佈</td>
<td>買入</td>
<td>$59.00</td>
<td>-</td>
</tr>
<tr>
<td>Anna Andreeva</td>
<td>Piper Sandler</td>
<td>上調</td>
<td>超重</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>下調</td>
<td>超重</td>
<td>$60.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Grace Smalley</td>
<td>JP Morgan</td>
<td>上調</td>
<td>超重</td>
<td>$75.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>上調</td>
<td>買入</td>
<td>$57.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>上調</td>
<td>買入</td>
<td>$85.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>維持</td>
<td>超越大盤</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Alex Straton</td>
<td>Morgan Stanley</td>
<td>上調</td>
<td>超重</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>上調</td>
<td>超越大盤</td>
<td>$60.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Thierry Cota</td>
<td>B of A Securities</td>
<td>上調</td>
<td>買入</td>
<td>$63.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Joseph Civello</td>
<td>Truist Securities</td>
<td>上調</td>
<td>買入</td>
<td>$65.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Richard Edwards</td>
<td>Goldman Sachs</td>
<td>上調</td>
<td>中性</td>
<td>$52.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Needham</td>
<td>下調</td>
<td>買入</td>
<td>$52.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Joseph Civello</td>
<td>Truist Securities</td>
<td>下調</td>
<td>買入</td>
<td>$60.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>下調</td>
<td>超越大盤</td>
<td>$50.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Anna Andreeva</td>
<td>Piper Sandler</td>
<td>下調</td>
<td>超重</td>
<td>$55.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>維持</td>
<td>超越大盤</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Janine Stichter</td>
<td>BTIG</td>
<td>維持</td>
<td>買入</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Rick Patel</td>
<td>Raymond James</td>
<td>下調</td>
<td>超越大盤</td>
<td>$55.00</td>
<td>$66.00</td>
</tr>
</tbody>
</table>
<h3>關鍵見解：</h3>
<ul>
<li><strong>採取的行動：</strong> 分析師根據市場條件和公司表現的變化調整他們的建議。無論是 “維持”、“上調” 還是 “下調”，都反映了他們對 On Holding 近期發展的反應。這些信息提供了分析師對公司當前狀態的看法快照。</li>
<li><strong>評級：</strong> 分析師提供全面分析，給出從 “超越大盤” 到 “表現不佳” 的定性評估。這些評級反映了對 On Holding 相對於更廣泛市場表現的預期。</li>
<li><strong>價格目標：</strong> 分析師設定價格目標作為對股票未來價值的估計。比較當前和之前的價格目標可以洞察分析師的預期如何隨時間變化。這些信息對尋求瞭解股票潛在未來表現的投資者非常有價值。</li>
</ul>
<p>為了全面瞭解 On Holding 的市場表現，請查看這些分析師評估以及重要的財務指標。保持信息靈通，利用我們的評級表做出明智的決策。</p>
<p>隨時瞭解 On Holding 的分析師評級。</p>
<h2>更好地瞭解 On Holding</h2>
<p>On Holding AG 是一家以技術、設計和影響力為根基的高端運動品牌。其鞋類、服裝和配飾產品主要設計用於運動、休閒或休閒用途。它不製造產品或原材料，而是依賴第三方供應商和合同製造商。就地域而言，其大部分收入來自美洲，其餘來自歐洲、中東和非洲以及亞太地區。</p>
<h3>解開 On Holding 的財務故事</h3>
<p><strong>市值分析：</strong> 公司的市值低於行業基準，相較於同行反映出較小的規模。這可能歸因於增長預期或運營能力等因素。</p>
<p><strong>積極的收入趨勢：</strong> 對 On Holding 的財務數據進行 3 個月的審查顯示出積極的敍述。截止 2025 年 9 月 30 日，該公司實現了顯著的收入增長率，達到 <strong>24.95%</strong>，展示了頂線收益的顯著增加。與消費品行業的其他公司相比，該公司的增長率高於同行的平均水平。</p>
<p><strong>淨利潤率：</strong> 公司的淨利潤率表現突出，超過行業平均水平。憑藉 <strong>14.97%</strong> 的令人印象深刻的淨利潤率，該公司展示了強大的盈利能力和有效的成本控制。</p>
<p><strong>股本回報率（ROE）：</strong> On Holding 的 ROE 表現突出，超過行業平均水平。憑藉 <strong>8.09%</strong> 的令人印象深刻的 ROE，該公司展示了有效利用股本和強大的財務表現。</p>
<p><strong>資產回報率 (ROA)：</strong> On Holding 的資產回報率超過行業標準，突顯了公司的卓越財務表現。憑藉令人印象深刻的 <strong>4.49%</strong> 的資產回報率，公司有效利用其資產以實現最佳回報。</p>
<p><strong>債務管理：</strong> On Holding 的債務與股本比率低於行業規範，表明其財務結構穩健，比例為 <strong>0.33</strong>。</p>
<h2>分析師評級：簡化版</h2>
<p>分析師在銀行和金融系統中工作，通常專注於股票或特定行業的報告。分析師可能會參加公司電話會議和會議，研究公司財務報表，並與內部人士溝通，以發佈股票的 “分析師評級”。分析師通常每季度對每隻股票進行一次評級。</p>
<p>除了標準評估外，一些分析師還會對增長預估、收益和收入等指標做出預測，為投資者提供額外指導。使用分析師評級的用户應注意，這些專業建議受到人類觀點的影響，可能會有所變化。</p>
<p>本文由 Benzinga 的自動內容引擎生成，並經過編輯審核。</p>

昂跑

<p>On Holding（紐約證券交易所代碼：ONON）在過去三個月內獲得了 21 位分析師的褒貶不一的評級，12 個月的平均目標價為 61.43 美元，較之前的 63.30 美元有所下降。近期的行動包括評級的上調和下調，反映了市場條件的變化。分析師的評級範圍從 “跑贏大盤” 到 “跑輸大盤”，其中 Telsey Advisory Group 和 Guggenheim 等公司設定了顯著的目標價。該公司展現出強勁的財務表現，收入增長率為 24.95%，淨利潤率為 14.97%。On Holding 的債務與股本比率為 0.33，表明其財務管理穩健</p>

<p>On Holding (NYSE: ONON) has been analyzed by 21 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.</p>
<div class="lb-trans"><p>On Holding（紐約證券交易所代碼：ONON）在過去三個月內被 21 位分析師分析，揭示了從看漲到看跌的多樣化觀點。</p>
</div><p>The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<div class="lb-trans"><p>下表提供了他們最近評級的簡要概覽，展示了過去 30 天情緒的變化，並與前幾個月進行比較。</p>
</div><table>
<thead>
<tr>
<th></th>
<th align="right"><strong>Bullish</strong></th>
<th align="right"><strong>Somewhat Bullish</strong></th>
<th align="right"><strong>Indifferent</strong></th>
<th align="right"><strong>Somewhat Bearish</strong></th>
<th align="right"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td align="right">8</td>
<td align="right">11</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td align="right">7</td>
<td align="right">9</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th align="right"><strong>看漲</strong></th>
<th align="right"><strong>稍微看漲</strong></th>
<th align="right"><strong>無所謂</strong></th>
<th align="right"><strong>稍微看跌</strong></th>
<th align="right"><strong>看跌</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>總評級</strong></td>
<td align="right">8</td>
<td align="right">11</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>過去 30 天</strong></td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1 個月前</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2 個月前</strong></td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3 個月前</strong></td>
<td align="right">7</td>
<td align="right">9</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
</div><p>Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $61.43, along with a high estimate of $85.00 and a low estimate of $47.00. This current average represents a 2.95% decrease from the previous average price target of $63.30.</p>
<div class="lb-trans"><p>分析師們提供了 12 個月的價格目標，顯示出平均目標為 61.43 美元，最高預估為 85.00 美元，最低預估為 47.00 美元。當前的平均目標比之前的 63.30 美元下降了 2.95%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1768395658_0.png" alt="price target chart" original-src="https://www.benzinga.com/files/images/story/2026/1768395658_0.png"/></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<div class="lb-trans"><h2>解讀分析師評級：更深入的觀察</h2>
</div><p>The analysis of recent analyst actions sheds light on the perception of On Holding by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<div class="lb-trans"><p>對近期分析師行動的分析揭示了金融專家對 On Holding 的看法。以下總結展示了關鍵分析師、他們的最新評估以及對評級和價格目標的調整。</p>
</div><table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Sam Poser</td>
<td>Williams Trading</td>
<td>Lowers</td>
<td>Hold</td>
<td>$47.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Buy</td>
<td>$59.00</td>
<td>-</td>
</tr>
<tr>
<td>Anna Andreeva</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Grace Smalley</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$75.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$57.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$85.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Alex Straton</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Thierry Cota</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Joseph Civello</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Richard Edwards</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$52.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$52.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Joseph Civello</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$60.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$50.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Anna Andreeva</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$55.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Janine Stichter</td>
<td>BTIG</td>
<td>Maintains</td>
<td>Buy</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Rick Patel</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$66.00</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>分析師</th>
<th>分析師公司</th>
<th>採取的行動</th>
<th>評級</th>
<th>當前價格目標</th>
<th>之前價格目標</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>維持</td>
<td>超越大盤</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Sam Poser</td>
<td>Williams Trading</td>
<td>下調</td>
<td>持有</td>
<td>$47.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>Guggenheim</td>
<td>宣佈</td>
<td>買入</td>
<td>$59.00</td>
<td>-</td>
</tr>
<tr>
<td>Anna Andreeva</td>
<td>Piper Sandler</td>
<td>上調</td>
<td>超重</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>下調</td>
<td>超重</td>
<td>$60.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Grace Smalley</td>
<td>JP Morgan</td>
<td>上調</td>
<td>超重</td>
<td>$75.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>上調</td>
<td>買入</td>
<td>$57.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>上調</td>
<td>買入</td>
<td>$85.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>維持</td>
<td>超越大盤</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Alex Straton</td>
<td>Morgan Stanley</td>
<td>上調</td>
<td>超重</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>上調</td>
<td>超越大盤</td>
<td>$60.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Thierry Cota</td>
<td>B of A Securities</td>
<td>上調</td>
<td>買入</td>
<td>$63.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Joseph Civello</td>
<td>Truist Securities</td>
<td>上調</td>
<td>買入</td>
<td>$65.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Richard Edwards</td>
<td>Goldman Sachs</td>
<td>上調</td>
<td>中性</td>
<td>$52.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Needham</td>
<td>下調</td>
<td>買入</td>
<td>$52.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Joseph Civello</td>
<td>Truist Securities</td>
<td>下調</td>
<td>買入</td>
<td>$60.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>下調</td>
<td>超越大盤</td>
<td>$50.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Anna Andreeva</td>
<td>Piper Sandler</td>
<td>下調</td>
<td>超重</td>
<td>$55.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Cristina Fernandez</td>
<td>Telsey Advisory Group</td>
<td>維持</td>
<td>超越大盤</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Janine Stichter</td>
<td>BTIG</td>
<td>維持</td>
<td>買入</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Rick Patel</td>
<td>Raymond James</td>
<td>下調</td>
<td>超越大盤</td>
<td>$55.00</td>
<td>$66.00</td>
</tr>
</tbody>
</table>
</div><h3>Key Insights:</h3>
<div class="lb-trans"><h3>關鍵見解：</h3>
</div><ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to On Holding. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of On Holding compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>採取的行動：</strong> 分析師根據市場條件和公司表現的變化調整他們的建議。無論是 “維持”、“上調” 還是 “下調”，都反映了他們對 On Holding 近期發展的反應。這些信息提供了分析師對公司當前狀態的看法快照。</li>
<li><strong>評級：</strong> 分析師提供全面分析，給出從 “超越大盤” 到 “表現不佳” 的定性評估。這些評級反映了對 On Holding 相對於更廣泛市場表現的預期。</li>
<li><strong>價格目標：</strong> 分析師設定價格目標作為對股票未來價值的估計。比較當前和之前的價格目標可以洞察分析師的預期如何隨時間變化。這些信息對尋求瞭解股票潛在未來表現的投資者非常有價值。</li>
</ul>
</div><p>To gain a panoramic view of On Holding's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<div class="lb-trans"><p>為了全面瞭解 On Holding 的市場表現，請查看這些分析師評估以及重要的財務指標。保持信息靈通，利用我們的評級表做出明智的決策。</p>
</div><p>Stay up to date on On Holding analyst ratings.</p>
<div class="lb-trans"><p>隨時瞭解 On Holding 的分析師評級。</p>
</div><h2>Get to Know On Holding Better</h2>
<div class="lb-trans"><h2>更好地瞭解 On Holding</h2>
</div><p>On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoes, apparel, and accessories products are designed predominantly for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and relies instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from the Americas and rest from Europe, Middle East and Africa and Asia-Pacific region.</p>
<div class="lb-trans"><p>On Holding AG 是一家以技術、設計和影響力為根基的高端運動品牌。其鞋類、服裝和配飾產品主要設計用於運動、休閒或休閒用途。它不製造產品或原材料，而是依賴第三方供應商和合同製造商。就地域而言，其大部分收入來自美洲，其餘來自歐洲、中東和非洲以及亞太地區。</p>
</div><h3>Unraveling the Financial Story of On Holding</h3>
<div class="lb-trans"><h3>解開 On Holding 的財務故事</h3>
</div><p><strong>Market Capitalization Analysis:</strong> Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.</p>
<div class="lb-trans"><p><strong>市值分析：</strong> 公司的市值低於行業基準，相較於同行反映出較小的規模。這可能歸因於增長預期或運營能力等因素。</p>
</div><p><strong>Positive Revenue Trend:</strong> Examining On Holding's financials over 3M reveals a positive narrative. The company achieved a noteworthy revenue growth rate of <strong>24.95%</strong> as of 30 September, 2025, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.</p>
<div class="lb-trans"><p><strong>積極的收入趨勢：</strong> 對 On Holding 的財務數據進行 3 個月的審查顯示出積極的敍述。截止 2025 年 9 月 30 日，該公司實現了顯著的收入增長率，達到 <strong>24.95%</strong>，展示了頂線收益的顯著增加。與消費品行業的其他公司相比，該公司的增長率高於同行的平均水平。</p>
</div><p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>14.97%,</strong> the company showcases strong profitability and effective cost control.</p>
<div class="lb-trans"><p><strong>淨利潤率：</strong> 公司的淨利潤率表現突出，超過行業平均水平。憑藉 <strong>14.97%</strong> 的令人印象深刻的淨利潤率，該公司展示了強大的盈利能力和有效的成本控制。</p>
</div><p><strong>Return on Equity (ROE):</strong> On Holding's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>8.09%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<div class="lb-trans"><p><strong>股本回報率（ROE）：</strong> On Holding 的 ROE 表現突出，超過行業平均水平。憑藉 <strong>8.09%</strong> 的令人印象深刻的 ROE，該公司展示了有效利用股本和強大的財務表現。</p>
</div><p><strong>Return on Assets (ROA):</strong> On Holding's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>4.49%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<div class="lb-trans"><p><strong>資產回報率 (ROA)：</strong> On Holding 的資產回報率超過行業標準，突顯了公司的卓越財務表現。憑藉令人印象深刻的 <strong>4.49%</strong> 的資產回報率，公司有效利用其資產以實現最佳回報。</p>
</div><p><strong>Debt Management:</strong> On Holding's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.33</strong>.</p>
<div class="lb-trans"><p><strong>債務管理：</strong> On Holding 的債務與股本比率低於行業規範，表明其財務結構穩健，比例為 <strong>0.33</strong>。</p>
</div><h2>Analyst Ratings: Simplified</h2>
<div class="lb-trans"><h2>分析師評級：簡化版</h2>
</div><p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish &#34;analyst ratings&#34; for stocks. Analysts typically rate each stock once per quarter.</p>
<div class="lb-trans"><p>分析師在銀行和金融系統中工作，通常專注於股票或特定行業的報告。分析師可能會參加公司電話會議和會議，研究公司財務報表，並與內部人士溝通，以發佈股票的 “分析師評級”。分析師通常每季度對每隻股票進行一次評級。</p>
</div><p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<div class="lb-trans"><p>除了標準評估外，一些分析師還會對增長預估、收益和收入等指標做出預測，為投資者提供額外指導。使用分析師評級的用户應注意，這些專業建議受到人類觀點的影響，可能會有所變化。</p>
</div><p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>
<div class="lb-trans"><p>本文由 Benzinga 的自動內容引擎生成，並經過編輯審核。</p>
</div>

分析師對 On Holding AG 股票的評價