HSBC Upgrades From Hold to Buy: the Sportswear Company On Holding (ONON) has Nearly 30% Upside Potential After the Rebound.

On Holding (ONON) is a global sportswear company that celebrated its 15th anniversary in 2024 and significantly strengthened its brand presence. The growth drivers in the last quarter were the expansion of direct-to-consumer (DTC) sales, the introduction of new products such as the Cloud 6, and the enhancement of brand presence through strategic partnerships with celebrities like Roger Federer and Zendaya. On has also expanded its presence in global markets through live sports moments and premium retail stores. New products and customers have particularly...