B. Riley raised the firm’s price target on Onto Innovation to $280 from $250 and keeps a Buy rating on the shares, ahead of the July 8 through 11 SEMICON West industry event. The magnitude and pace of AI-led fundamental and financial acceleration seems unprecedented outside the late ’90s Internet 1.0 build-out, the analyst tells investors in a research note.
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Read More on ONTO:
- Onto Innovation assumed with a Buy at Jefferies
- 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