
Onto Innovation (ONTO) Stock Forecast & Price Target
Onto Innovation (ONTO) Analyst Ratings
Bulls say
Onto Innovation Inc. is positioned favorably due to a significant improvement in its wafer fabrication equipment (WFE) outlook, driven by momentum in advanced foundry/logic, DRAM, and NAND sectors. The company has demonstrated robust financial health with nearly $1 billion in net cash and is projected to gain market share in optical thin-film metrology and advanced packaging segments, further enhancing its sales prospects. With a favorable catalyst path and increased investor interest in AI infrastructure, Onto is expected to recover its $1 billion revenue milestone by 2025, concurrent with projected single-digit growth in WFE for 2025 and double-digit growth in 2026.
Bears say
Onto Innovation Inc. faces a challenging outlook as it is expected to lose market share in key segments such as optical thin-film metrology and advanced packaging inspection, with revenue growth projected to be flat or declining through 2026. The company's failure to effectively ramp its panel level lithography business contributes to concerns about its ability to meet the $1 billion revenue milestone in 2026, raising skepticism regarding its future performance. Additionally, various external risks, including regulatory pressures and high customer concentration, further jeopardize Onto's earnings power and overall valuation.
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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