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Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks

Tipranks - Thu Mar 26, 6:22PM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Wingstop (WING) and On Holding AG (ONON) with bullish sentiments.

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Wingstop (WING)

Stifel Nicolaus analyst Chris O`Cull maintained a Buy rating on Wingstop today and set a price target of $250.00. The company’s shares closed last Wednesday at $166.31.

According to TipRanks.com, O`Cull is a 5-star analyst with an average return of 9.3% and a 52.0% success rate. O`Cull covers the NA sector, focusing on stocks such as Black Rock Coffee Bar, Inc. Class A, Restaurant Brands International, and First Watch Restaurant Group. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wingstop with a $325.85 average price target, representing an 86.7% upside. In a report issued on March 11, Bank of America Securities also reiterated a Buy rating on the stock with a $356.00 price target.

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On Holding AG (ONON)

In a report released today, Dylan Carden from William Blair maintained a Buy rating on On Holding AG. The company’s shares closed last Wednesday at $35.16, close to its 52-week low of $29.84.

According to TipRanks.com, Carden is a 3-star analyst with an average return of 4.4% and a 45.6% success rate. Carden covers the NA sector, focusing on stocks such as Savers Value Village Inc., National Vision Holdings, and Brilliant Earth Group. ;'>

Currently, the analyst consensus on On Holding AG is a Strong Buy with an average price target of $57.53, a 55.6% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $52.00 price target.

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