
Onto Innovation (ONTO) Stock Forecast & Price Target
Onto Innovation (ONTO) Analyst Ratings
Bulls say
Onto Innovation Inc. has demonstrated robust performance, highlighted by a remarkable 101% year-over-year increase in power device sales, indicating strong demand in the microelectronics sector. The company's non-GAAP margins have consistently improved, reaching 54.5% in the September and December quarters, reflecting a year-over-year rise of 290 and 300 basis points, respectively. Furthermore, forecasts project a 21% year-over-year growth in non-GAAP earnings for 2025, anticipated to reach $6.45 per diluted share, which underscores the company's positive financial trajectory.
Bears say
The financial outlook for Onto Innovation Inc reflects a negative sentiment primarily due to a revision of 2025 estimated earnings per share (EPS) downward by 6%, placing it below consensus estimates, amid ongoing inventory digestion related to AI demand. Additionally, the sequential decline in software and service sales from $49 million to $46 million indicates a potential weakness in demand, which could impact future revenue growth. Various risks, including delays in customer technology roadmaps, competitive pressures, and macroeconomic uncertainties, further contribute to the adverse view on the company's stock performance.
This aggregate rating is based on analysts' research of Onto Innovation and is not a guaranteed prediction by Public.com or investment advice.
Onto Innovation (ONTO) Analyst Forecast & Price Prediction
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