
Onto Innovation (ONTO) Stock Forecast & Price Target
Onto Innovation (ONTO) Analyst Ratings
Bulls say
Onto Innovation Inc. has demonstrated robust financial performance, with Non-GAAP gross profit increasing by 23.3% to $147 million, alongside a strong operating income growth of 33.5% to $76.5 million, reflecting a healthy margin overview. The company's Advanced Node revenue is anticipated to double from the previous year's performance, with projections indicating that revenue in the first half of 2025 will exceed that of the entire year of 2024, fueled by substantial gains in advanced logic, DRAM, and NAND sectors. Additionally, Onto Innovation is positioned to capture greater market share, which may enable it to outpace the overall wafer fabrication equipment (WFE) market growth.
Bears say
Onto Innovation experienced a sequential decline in Specialty Devices and Advanced Packaging revenue, primarily attributed to reduced AI packaging revenue and a decline in mature node demand from China. Management has indicated a lower revenue outlook for 2Q25, resulting from a decrease in foundry/logic contributions, which raises concerns about future growth. Additionally, the company reported a disappointing quarter, including a share loss to a competitor that necessitated a downward revision of its 2025 top-line growth expectations to flat, contributing further to a negative sentiment surrounding its financial 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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