Onto Innovation Inc. (ONTO)
NYSE: ONTO · Real-Time Price · USD
222.67
+19.16 (9.41%)
Sep 26, 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 259.17, with a low estimate of 230 and a high estimate of 280. The average target predicts an increase of 16.39% from the current stock price of 222.67.
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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 4 | 4 | 5 | 5 |
| Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Hold | 1 | 2 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 8 | 6 | 6 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Buy Initiates $260 | Buy | Initiates | $260 | +16.76% | Sep 25, 2024 |
| Needham | Needham | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Aug 19, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $230 | Strong Buy | Reiterates | $230 | +3.29% | Aug 9, 2024 |
| Stifel | Stifel | Strong Buy Maintains $240 → $270 | Strong Buy | Maintains | $240 → $270 | +21.26% | Jul 15, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $250 → $280 | Strong Buy | Maintains | $250 → $280 | +25.75% | Jun 20, 2024 |
Financial Forecast
Revenue This Year
1.00B
from 815.87M
Increased by 22.57%
Revenue Next Year
1.18B
from 1.00B
Increased by 18.00%
EPS This Year
5.33
from 2.46
Increased by 116.53%
EPS Next Year
6.93
from 5.33
Increased by 30.13%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.0B | 1.4B | 1.6B | |
| Avg | 1,000.0M | 1.2B | 1.5B | |
| Low | 955.7M | 1.1B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 26.6% | 36.1% | 35.9% | |
| Avg | 22.6% | 18.0% | 23.5% | |
| Low | 17.1% | 7.8% | 10.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 5.54 | 8.65 | 11.07 | |
| Avg | 5.33 | 6.93 | 9.71 | |
| Low | 5.05 | 6.03 | 8.33 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 125.4% | 62.4% | 59.7% | |
| Avg | 116.5% | 30.1% | 40.1% | |
| Low | 105.2% | 13.1% | 20.2% |
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.