Jefferies assumed coverage of Onto Innovation with a Buy rating and a price target of $265, up from $190, as the analyst assumed coverage of a number of U.S. semiconductor stocks. The analyst assumed coverage of the group with a bullish long-term view into a strong upcycle with duration, citing a belief that the group is “still early in the cycle” and that this one is likely stronger with AI.
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Read More on ONTO:
- Onto Innovation price target raised to $250 from $235 at Evercore ISI
- Onto Innovation price target raised to $230 from $180 at Benchmark
- Onto Innovation price target raised to $250 from $235 at B. Riley
- Onto Innovation sees Q2 adjusted EPS $1.14-$1.26, consensus $1.11
- Onto Innovation reports Q1 adjusted EPS $1.18, consensus $1.08