Onto Innovation (ONTO) Stock Forecast & Price Target

$162.90 -2.29 (-1.39%)

(As of 05:19 PM ET)

Onto Innovation - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 7 Analyst Ratings

Sell
0

Hold
0

Buy
7

Based on 7 Wall Street analysts who have issued ratings for Onto Innovation in the last 12 months, the stock has a consensus rating of "Buy." Out of the 7 analysts, 7 have given a buy rating for ONTO.

Consensus Price Target

$254.29
56.10% Upside

According to the 7 analysts' twelve-month price targets for Onto Innovation, the average price target is $254.29. The highest price target for ONTO is $280.00, while the lowest price target for ONTO is $230.00. The average price target represents a forecasted upside of 56.10% from the current price of $162.90.

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ONTO Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$254.29	$261.67	$259.00	$124.17
Forecasted Upside	56.10% Upside	28.02% Upside	25.11% Upside	-10.19% Downside
Consensus Rating	Buy	Buy	Buy	Moderate Buy

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ONTO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ONTO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Onto Innovation Stock vs. The Competition

Type	Onto Innovation	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.00	2.68	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	53.39% Upside	526.20% Upside	7.11% Upside
News Sentiment Rating	Very Positive News See Recent ONTO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/1/2024	Jefferies Financial Group 2 of 5 stars		Lower Target	Buy ➝ Buy	$265.00 ➝ $245.00	+39.09%
11/1/2024	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$230.00 ➝ $230.00	+25.85%
11/1/2024	Oppenheimer 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$260.00 ➝ $275.00	+38.89%
11/1/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Shi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$245.00 ➝ $230.00	+15.92%
7/15/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$240.00 ➝ $270.00	+18.11%
6/20/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$250.00 ➝ $280.00	+22.08%
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5/10/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$235.00 ➝ $250.00	+13.29%
2/10/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$90.00 ➝ $95.00	+14.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:24 PM ET.

ONTO Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Onto Innovation is $254.29, with a high forecast of $280.00 and a low forecast of $230.00.
: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Onto Innovation in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ONTO shares.
: According to analysts, Onto Innovation's stock has a predicted upside of 56.10% based on their 12-month stock forecasts.
: Onto Innovation has been rated by research analysts at Benchmark, Jefferies Financial Group, Needham & Company LLC, and Oppenheimer in the past 90 days.
: Analysts like Onto Innovation more than other "computer and technology" companies. The consensus rating for Onto Innovation is Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how ONTO compares to other companies.

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This page (NYSE:ONTO) was last updated on 11/26/2024 by MarketBeat.com Staff

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Onto Innovation (ONTO) Stock Forecast & Price Target