
Onto Innovation (ONTO) Stock Forecast & Price Target
Onto Innovation (ONTO) Analyst Ratings
Bulls say
Onto Innovation Inc. is positioned favorably within the semiconductor manufacturing sector, bolstered by a significant improvement in the wafer fab equipment (WFE) outlook, particularly in leading-edge foundry and logic markets, as well as DRAM and NAND technologies. The company has a robust financial foundation, evidenced by nearly $1 billion in net cash, and it is expected to gain market share in critical segments such as optical thin-film metrology and advanced packaging, which could lead to a consensus EPS increase of 10-15% due to the impending closure of Semilab. Additionally, the anticipated launch of the Dragonfly G5 AI packaging platform is expected to enhance Onto's market presence, aligning with broader secular growth trends in the semiconductor industry driven by the demand for data economy solutions and advanced packaging integration.
Bears say
The negative outlook on Onto Innovation Inc's stock is largely predicated on the expectation that wafer fabrication equipment (WFE) will remain flat or decline in 2025 and 2026, alongside concerns regarding the company's potential loss of market share in key segments such as optical thin-film metrology and advanced packaging inspection. Additionally, Onto Innovation faces challenges in successfully ramping its panel-level lithography business, and while future estimates may have increased, there is still a cautious perspective toward overall organic revenue growth, particularly in specialty devices and advanced packaging. The company's performance may also be further impacted by numerous external risks, including trade barriers and regulatory pressures, which could undermine earnings power and valuation metrics.
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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