Jefferies analyst Blayne Curtis maintains $Onto Innovation (ONTO.US)$ with a buy rating, and adjusts the target price from $265 to $245.
According to TipRanks data, the analyst has a success rate of 62.8% and a total average return of 23.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Onto Innovation (ONTO.US)$'s main analysts recently are as follows:
The hiatus in HBM persists, yet the solid performance in advanced DRAM and Power Semiconductors is providing a counterbalance to the ongoing postponement. It's anticipated that a resurgence to vigorous growth is simply a question of when, not if.
Onto Innovation's Q3 revenue growth remained consistent, bolstered by the sustained robust demand for Dragonfly, the resurgence in Advanced Nodes, and an all-time high for power semiconductors. However, this growth was slightly offset by a deferral of a $10M order for JetStep Lithography. Despite the company's cautious stance, which does not include potential incremental revenue from high bandwidth memory that aligns with its solidifying CoWos visibility, the overall performance reflects positively on the firm's prospects.
Onto Innovation's Q3 results marginally surpassed estimates, and the quarter could have been significantly better if not for a shortfall in lithography shipments. Looking ahead to 2025, management has expressed the greatest optimism for DRAM, followed by advancements in logic and AI packaging.
Note:
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