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Is On Holding Stock Going to $40? 1 Wall Street Analyst Thinks So

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Is On Holding Stock Going to $40? 1 Wall Street Analyst Thinks So: https://g.foolcdn.com/editorial/images/758404/investor-smiles-largely-with-hand-on-head-while-looking-at-computer.jpg

Shares of running-shoe company On Holding (NYSE: ONON) are having quite a year, rising 78% year to date as of this writing. But one Wall Street analyst sees even more upside ahead.

Stifel analyst Jim Duffy recently raised his price target for On stock to $40 per share, according to WallStreetZen. This implies about 30% additional upside for investors.

Duffy sees opportunity for On to grow its revenue and to become more profitable. And to his point, the company is clearly doing both right now, as the chart below shows.

Source Fool.com

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