On Holding's Massive Untapped Market

By Travis Hoium – Jun 27, 2024 at 4:30AM

NYSE: ONON

On Holding

Market Cap

$12B

Today's Change

(-0.59%) -$0.23

Current Price

$38.80

Price as of June 28, 2024, 4:00 p.m. ET

On Holding is known for making great running shoes, but it's apparel that provides the most upside today.

On Holding (ONON -0.59%) has grown at an incredible rate primarily by selling running shoes. But the company's future is much more than that. Apparel is starting to show up in stores, and there's a tremendous amount of potential for clothing from On. Travis Hoium highlights that potential in this video.

*Stock prices used were end-of-day prices of June 25, 2024. The video was published on June 26, 2024.

Travis Hoium has positions in On Holding. The Motley Fool has positions in and recommends Nike. The Motley Fool recommends On Holding and recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.