B. Riley raised the firm’s price target on Onto Innovation (ONTO) to $275 from $240 and keeps a Buy rating on the shares. Onto Innovation’s Q4 results were slightly below expectations, while Q1 guidance came in ahead of consensus, with strong growth and gross margin expansion expected through the year, the analyst tells investors in a research note.
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Read More on ONTO:
- Onto Innovation price target raised to $265 from $225 at Oppenheimer
- 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