On Holding Q1 Revenue Hits $1.06 B, Evercore Targets $42
On Holding reported Q1 2026 earnings of $0.47 per share versus a $0.35 consensus and revenue of $1.06 billion, up from $808 million a year ago. Evercore ISI trimmed its price target to $42 from $45, implying a 24.2 percent upside from the $33.83 trading level.
1. Strong Q1 Financial Performance
On Holding delivered Q1 2026 earnings of $0.47 per share, beating the $0.35 consensus estimate and more than doubling last year’s $0.23. Revenue rose to $1.06 billion from $808.1 million, marking the fourth consecutive quarter of revenue beats.
2. Analyst Price Target Adjustment
Evercore ISI lowered its price target on On Holding to $42 from $45 when the stock was trading at $33.83, leaving an implied upside of approximately 24.2 percent. The adjustment reflects cautious optimism despite robust quarterly results.
3. Market Position and Valuation
The stock trades around $33.84 with a 52-week range of $31.41 to $61.29 and a market capitalization near $11.2 billion. On Holding’s premium product strategy and expanding global presence underpin investor confidence.