On Holding's stock ($ONON) experienced a significant drop following its Q4 earnings report, with shares falling as much as 14.4% in pre-market trading. The company reported a notable miss on expected earnings per share (EPS), achieving $0.06 versus the estimated $0.11, and also missed on net sales. Additionally, On Holding provided lower guidance for future performance. Despite these financial setbacks, On Holding's co-CEO Marc Maurer expressed confidence in the brand's direction and its potential for growth, projecting a 30% increase this year. The earnings miss was attributed to factors such as the strength of the Swiss Franc against the US dollar and cautious inventory levels among wholesale accounts. Meanwhile, UBS analyst Jay Sole remains optimistic about On Holding's prospects, suggesting the stock could soar nearly 80% from its post-earnings position and has added $4 to his price target for the company.