Where is Onto Innovation Inc. (ONTO) Headed According to Analysts?

Onto Innovation Inc. (NYSE:ONTO) is one of the best semiconductor equipment stocks to invest in now.

On February 20, B. Riley lifted the price target on Onto Innovation Inc. (NYSE:ONTO) to $275 from $240, maintaining a Buy rating on the shares and telling investors that the company’s fiscal Q4 results came in slightly below expectations, while the fiscal Q1 guidance came in ahead of consensus, with strong growth and gross margin expansion expected through the year.

The same day, Oppenheimer lifted the price target on Onto Innovation Inc. (NYSE:ONTO) to $265 from $225 while keeping an Outperform rating on the shares. The firm stated that the company’s fiscal Q4 revenue was in line, with the underlying momentum improving meaningfully and securing a considerable $240 million HBM volume purchase agreement. Oppenheimer further added that management lifted the revenue guidance for the fiscal half of 2026 again. Onto Innovation Inc. (NYSE:ONTO) also received a rating update from Jefferies on February 20, with the firm lifting the price target on the stock to $300 from $200 and reiterating a Buy rating on the shares.

Onto Innovation Inc. (NYSE:ONTO) is involved in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. The company is also involved in offering process and yield management solutions used in bare silicon wafer production and wafer processing facilities.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. Follow Insider Monkey on Google News.