- Onto Innovation Inc. (ONTO, Financial) is a semiconductor equipment leader with significant growth potential.
- Analyst forecasts show an average 75.67% upside potential from current stock prices.
- Strong financial performance with a net margin soaring to 20.4% over five years.
Onto Innovation Inc. (ONTO), a significant force in the semiconductor equipment sector, stands prominently among mid-cap tech stock recommendations. Boasting a market capitalization of $6.60 billion, ONTO has achieved commendable annual revenue growth surpassing 15%. Over the past five years, its net margin has impressively expanded from 5.6% to 20.4%. The company's cutting-edge advancements in AI-related semiconductor technologies, coupled with anticipated demand fueled by TSMC's increased capital expenditures, underscore a promising future outlook.
Wall Street Analysts Forecast
According to projections from 10 analysts, the average one-year price target for Onto Innovation Inc (ONTO, Financial) stands at $235.02. The forecasts range from a high estimate of $280.00 to a low of $175.00. This average target suggests a significant upside potential of 75.67% from the current price of $133.79. For a deeper dive into these estimates, explore the Onto Innovation Inc (ONTO) Forecast page.
The consensus from 10 brokerage firms places Onto Innovation Inc's (ONTO, Financial) average recommendation at 1.7, categorizing it as "Outperform." On the rating scale, where 1 equates to a Strong Buy and 5 to a Sell, ONTO's position emphasizes its positive standing among analysts.
GuruFocus estimates position the GF Value for Onto Innovation Inc (ONTO, Financial) at $145.89 within a year. This estimation indicates a potential upside of 9.05% from the current price of $133.7875. The GF Value reflects GuruFocus' fair value assessment, grounded in historical trading multiples, past growth trajectories, and future business performance projections. Further insights are available on the Onto Innovation Inc (ONTO) Summary page.
