Onto Innovation Inc. (ONTO)
NYSE: ONTO · IEX Real-Time Price · USD
170.77
+1.38 (0.81%)
Apr 22, 2024, 4:00 PM EDT - Market closed
Onto Innovation Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Onto Innovation stock have an average target of 191.6, with a low estimate of 123 and a high estimate of 235. The average target predicts an increase of 12.20% from the current stock price of 170.77.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for ONTO stock from 6 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 4 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 5 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Initiates $235 | Buy | Initiates | $235 | +37.61% | Apr 16, 2024 |
| Stifel | Stifel | Strong Buy Maintains $188 → $215 | Strong Buy | Maintains | $188 → $215 | +25.90% | Mar 25, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $145 → $180 | Strong Buy | Maintains | $145 → $180 | +5.40% | Feb 9, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $195 → $205 | Strong Buy | Maintains | $195 → $205 | +20.04% | Feb 9, 2024 |
| Stifel | Stifel | Strong Buy Maintains $135 → $150 | Strong Buy | Maintains | $135 → $150 | -12.16% | Nov 10, 2023 |
Financial Forecast
Revenue This Year
941.28M
from 815.87M
Increased by 15.37%
Revenue Next Year
1.06B
from 941.28M
Increased by 12.93%
EPS This Year
4.76
from 2.46
Increased by 93.68%
EPS Next Year
6.03
from 4.76
Increased by 26.64%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 993.1M | 1.1B | 1.4B |
| Avg | 941.3M | 1.1B | 1.3B |
| Low | 890.8M | 994.7M | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 21.7% | 19.4% | 28.4% |
| Avg | 15.4% | 12.9% | 24.7% |
| Low | 9.2% | 5.7% | 19.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 5.09 | 6.56 |
| Avg | 4.76 | 6.03 |
| Low | 4.45 | 5.59 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 107.0% | 37.7% |
| Avg | 93.7% | 26.6% |
| Low | 80.9% | 17.2% |
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.