On Holding AG's stock fell 20.29% after the company missed Q2 revenue estimates and lowered its 2026 revenue growth forecast to the low 20% range from at least 23%. The wholesale channel grew only 4.8%, partly due to intentional limits to protect brand strength, while the direct-to-consumer (DTC) channel surged 26%, now making up 45.7% of total sales. This strong DTC performance helps offset wholesale weakness and supports profit margins. Analyst Joseph Civello lowered the stock price target to $40 from $48, indicating a 29.41% potential upside from the current price of $30.91.
On Holding AG experienced a sharp selloff after revising its fiscal year 2026 revenue growth guidance down to the low 20s percent range. Despite this, the company expects to maintain strong gross margins of at least 65% and adjusted EBITDA margins be...
The Nasdaq is leading Monday's pre-market gains following a weaker-than-expected July payroll report that lowered the odds of a September Federal Reserve rate hike to 44%. However, crude oil prices rising above $79 due to stalled Hormuz negotiations ...
