On Holding AG (NYSE:ONON) ranks among the best growth stocks to buy and hold for the long term. On March 4, UBS reiterated its Buy rating on On Holding AG (NYSE:ONON) with a price target of $85. The firm claimed that On Holding’s fourth-quarter report indicates that its core growth narrative remains solid, though foreign exchange could have a deeper negative impact than it initially expected.

According to UBS, the company’s five-year CAGRs are expected to be 17% for revenue, 19% for adjusted EBITDA, and 28% for earnings per share.

KeyBanc, meanwhile, reaffirmed its $58 price target and Overweight rating on On Holding AG (NYSE:ONON). In the event that tariffs are lifted, the firm anticipates continued margin stability for the company with room to grow. KeyBanc also reduced its fiscal year 2026 expectations to account for foreign exchange headwinds, which are most noticeable in the first half.

On Holding AG (NYSE:ONON), together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the US, the rest of the Americas, and the Asia-Pacific.

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