UBS has raised its price target for On Holding AG (NYSE: ONON) to $73 from $65, maintaining a Buy rating as the stock trades at $53.19. The firm cites the company's strong fourth-quarter performance, with a 60.63% gross profit margin and 29.36% revenue growth, alongside its focus on innovation and direct-to-consumer strategies as key growth drivers.Analysts from TD Cowen, Bernstein, and KeyBanc Capital Markets also express optimism, with price targets ranging from $64 to $70, highlighting robust holiday sales and a strong outlook for 2025, including a revenue growth target of at least 27%.