On Tuesday, Goldman Sachs updated its outlook on On Holding AG (NYSE: ONON), raising the price target to $57 from the previous $50 while maintaining a Buy rating on the stock. The adjustment follows On Holding's third-quarter 2024 financial performance, which showed an adjusted EBITDA of CHF 120.1 million. This result was propelled by net sales reaching CHF 635.8 million, marking a year-over-year increase of 32.3% and a constant currency growth of 33.2%.