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On Holding AG (ONON) develops and distributes sports products worldwide. 
It offers its products through independent retailers and distributors, online, and stores. The Company was formed by three friends. After retiring from professional competition, three-time world duathlon champion and multiple Ironman winner Olivier Bernhard devoted himself to finding a running shoe that would give him the perfect running sensation. In doing so, he crossed paths with a like-minded Swiss engineer who had an idea for a new kind of running shoe. In the years that followed, the perfect symbiosis of running experience and engineering expertise allowed that first radical idea to be refined. Together with Bernhard, they formally established the On in Zürich in January 2010. Their mission to develop a product range fully engineered in Switzerland using the latest technology picked up pace.
On November 16th, On Holding reported 3rd Quarter September 2021 earnings of $0.06 per share on revenue of $237.5 million. The consensus earnings estimate was $0.04 per share on revenue of $201.3 million.
The company said it expects 2021 revenue of approximately $765.1 million and 2022 revenue of at least $1.035 billion. The current consensus revenue estimate is $745.88 million for the year ending December 31, 2021 and $981.59 million for the year ending December 31, 2022.
Shares have formed a bullish "flag" following their first report as a public company. Higher share prices are expected.
Entry Point: $44.75
Stop Loss: $42.50
Trading Range: $28.10 to $55.87
Target Price: $49.25
