Oppenheimer analyst Edward Yang raised the firm’s price target on Onto Innovation (ONTO) to $265 from $225 and keeps an Outperform rating on the shares. The firm notes Onto’s Q4 revenue was in line, and underlying momentum improved meaningfully, securing a massive $240M HBM volume purchase agreement. Management raised first half of 2026 revenue guidance again, Oppenheimer adds.
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Read More on ONTO:
- Onto Innovation price target raised to $220 from $215 at Stifel
- Onto Innovation price target raised to $300 from $200 at Jefferies
- Onto Innovation reports Q4 EPS $1.26, consensus $1.26
- Onto Innovation sees Q1 EPS $1.26-$1.36, consensus $1.30
- Onto Innovation price target raised to $250 from $230 at Evercore ISI