On Nov 02, major Wall Street analysts update their ratings for $Onto Innovation (ONTO.US)$, with price targets ranging from $230 to $275.
Jefferies analyst Blayne Curtis maintains with a buy rating, and adjusts the target price from $265 to $245.
Evercore analyst Vedvati Shrotre maintains with a buy rating, and maintains the target price at $250.
Oppenheimer analyst Edward Yang maintains with a buy rating, and maintains the target price at $275.
Needham analyst Charles Shi upgrades to a buy rating, and sets the target price at $230.
Stifel analyst Brian Chin maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Onto Innovation (ONTO.US)$'s main analysts recently are as follows:
The ongoing hiatus in HBM persists, yet the fortification provided by the robustness in advanced DRAM and Power Semiconductors assists in counterbalancing the ongoing postponement. It is posited that a resurgence to vigorous growth is likely to be merely a question of time.
Onto Innovation's Q3 revenue growth matched expectations, fueled by robust demand for Dragonfly, a resurgence in Advanced Nodes, and unprecedented power semiconductor performance. This was balanced by a $10M deferral in orders for JetStep Lithography. Despite increasing visibility in CoWos, Onto is cautiously not incorporating comparable incremental high bandwidth memory revenue, according to the analyst.
Onto Innovation's Q3 results modestly exceeded expectations, and the quarter might have shown a more significant outperformance if it were not for a shortfall in lithography shipments, as mentioned by an analyst. Looking ahead to 2025, the company's management expresses the greatest optimism for DRAM, with advanced logic and AI packaging also being areas of positive expectations.
Here are the latest investment ratings and price targets for $Onto Innovation (ONTO.US)$ from 6 analysts:
Note:
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