Needham maintains Buy rating on On Holding, $40 price target

Needham maintained their Buy rating on On Holding's stock with a price target of $40.00.The price target implies an upside of 36.1% from the Sep 22 close of $29.39.Key takeaways from the analyst noteStrong Growth Projections: On Holding expects to achieve at least 5.6 billion CHF in revenue by FY29…