Onto Innovation Inc. (ONTO)
NYSE: ONTO · IEX Real-Time Price · USD
216.70
-5.88 (-2.64%)
May 31, 2024, 4:00 PM EDT - Market closed
Onto Innovation Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Onto Innovation stock have an average target of 222.17, with a low estimate of 123 and a high estimate of 265. The average target predicts an increase of 2.52% from the current stock price of 216.70.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for ONTO stock from 8 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 4 | 4 | 5 |
| Buy | 0 | 0 | 0 | 0 | 1 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 5 | 6 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Initiates $190 → $265 | Strong Buy | Initiates | $190 → $265 | +22.29% | May 13, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $235 → $250 | Buy | Maintains | $235 → $250 | +15.37% | May 10, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $180 → $230 | Strong Buy | Maintains | $180 → $230 | +6.14% | May 10, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $235 → $250 | Strong Buy | Maintains | $235 → $250 | +15.37% | May 10, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | May 10, 2024 |
Financial Forecast
Revenue This Year
962.99M
from 815.87M
Increased by 18.03%
Revenue Next Year
1.10B
from 962.99M
Increased by 14.44%
EPS This Year
5.14
from 2.46
Increased by 109.04%
EPS Next Year
6.36
from 5.14
Increased by 23.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 997.3M | 1.2B | 1.3B |
| Avg | 963.0M | 1.1B | 1.3B |
| Low | 918.1M | 1.0B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.2% | 23.3% | 19.3% |
| Avg | 18.0% | 14.4% | 15.9% |
| Low | 12.5% | 6.1% | 11.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.85 | 6.98 | 9.17 |
| Avg | 5.14 | 6.36 | 8.91 |
| Low | 4.77 | 5.77 | 8.56 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 137.7% | 35.8% | 44.1% |
| Avg | 109.0% | 23.8% | 40.0% |
| Low | 94.0% | 12.2% | 34.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.