On Holding's U.S.-listed shares rose approximately 1% to $47.13 after UBS Global Research increased its price target from $55 to $61, citing strong sales momentum. The brokerage highlighted high-double-digit growth in U.S. direct-to-consumer sales in Q3 and noted that brands like Hoka and On are gaining market share from giants like Nike. Currently, 19 of 23 brokerages rate On Holding's stock as "buy" or "higher," with a median price target of $51, and the stock has surged nearly 75% year-to-date.
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