
Onto Innovation (ONTO) Stock Forecast & Price Target
Onto Innovation (ONTO) Analyst Ratings
Bulls say
Onto Innovation Inc. is experiencing a significant improvement in its outlook due to the ramp-up in wafer fabrication equipment (WFE) demands across various sectors, including foundry/logic, DRAM, and NAND. The company has strengthened its market position, boasting nearly $1 billion in net cash and a leading share in AI packaging, while the anticipated closure of Semilab is projected to increase consensus earnings per share by 10-15%. Furthermore, the launching of the next-generation Dragonfly G5 platform is expected to enhance confidence in its AI-related market share, positioning Onto for substantial growth amidst favorable trends in the semiconductor manufacturing industry.
Bears say
The financial analysis indicates a negative outlook for Onto Innovation, primarily driven by predictions of flat or declining wafer fabrication equipment (WFE) markets in 2025 and 2026, coupled with concerns over the company's potential loss of market share in critical segments such as optical thin-film metrology and advanced packaging inspection. Additionally, challenges in ramping up the panel level lithography business and the heavy reliance on acquired product lines for revenue growth contribute to skepticism about Onto's organic revenue trajectory, which is projected at approximately 5% year-on-year. The presence of external risks, including trade barriers and high customer concentration, further complicates the earnings potential and overall valuation for Onto Innovation, thus warranting a cautious stance on its 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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