Onto Innovation (ONTO) Stock Forecast, Price Target & Predictions
ONTO Stock Forecast
Onto Innovation stock forecast is as follows: an average price target of $257.50 (represents a 44.98% upside from ONTO’s last price of $177.61) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
ONTO Price Target
The average price target for Onto Innovation (ONTO) is $257.50 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $270.00 to $245.00. This represents a potential 44.98% upside from ONTO's last price of $177.61.
ONTO Analyst Ratings
According to 5 Wall Street analysts, Onto Innovation's rating consensus is 'Buy'. The analyst rating breakdown for ONTO stock is 0 'Strong Buy' (0.00%), 5 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Onto Innovation Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 19, 2024 | Quinn Bolton | Needham | $245.00 | $213.97 | 14.50% | 37.94% |
| Jul 15, 2024 | Brian Chin | Stifel Nicolaus | $270.00 | $229.28 | 17.76% | 52.02% |
| Mar 25, 2024 | Brian Chin | Stifel Nicolaus | $215.00 | $184.40 | 16.59% | 21.05% |
The latest Onto Innovation stock forecast, released on Aug 19, 2024 by Quinn Bolton from Needham, set a price target of $245.00, which represents a 14.50% increase from the stock price at the time of the forecast ($213.97), and a 37.94% increase from ONTO last price ($177.61).
Onto Innovation Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 3 |
| Avg Price Target | $245.00 | $257.50 | $243.33 |
| Last Closing Price | $177.61 | $177.61 | $177.61 |
| Upside/Downside | 37.94% | 44.98% | 37.00% |
In the current month, the average price target of Onto Innovation stock is $245.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 37.94% increase as opposed to Onto Innovation's last price of $177.61. This month's average price target is down -4.85% compared to last quarter, and up 0.69% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 19, 2024 | Needham | - | Buy | Upgrade |
| Aug 19, 2024 | Needham | - | Outperform | Upgrade |
| Aug 09, 2024 | B. Riley Securities | Underperform | Underperform | Hold |
| Aug 09, 2024 | Jefferies | Buy | Buy | Hold |
| Jun 20, 2024 | B. Riley | Buy | Buy | Hold |
| May 10, 2024 | Benchmark | Buy | Buy | Hold |
| May 10, 2024 | B. Riley | Buy | Buy | Hold |
| Apr 15, 2024 | Evercore ISI | - | Outperform | Initialise |
Onto Innovation's last stock rating was published by Needham on Aug 19, 2024. The company Upgrade its ONTO rating from "null" to "Buy".
Onto Innovation Financial Forecast
Onto Innovation Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $218.86M | - | $190.66M | $199.16M | $253.27M | $254.25M | $256.31M | $241.35M | - | $200.59M | $193.39M | $169.28M | $155.13M | $126.49M | $134.95M | $139.93M | $120.56M | $62.94M |
| Avg Forecast | $330.00M | $335.00M | $325.00M | $310.00M | $307.94M | $295.80M | $283.40M | $269.84M | $258.73M | $250.40M | $235.43M | $222.60M | $209.06M | $215.20M | $203.00M | $200.00M | $250.80M | $250.20M | $241.81M | $232.00M | $215.21M | $195.34M | $177.72M | $162.22M | $150.54M | $128.08M | $134.58M | $135.30M | $117.52M | $86.92M |
| High Forecast | $332.11M | $337.14M | $327.08M | $311.98M | $309.91M | $297.69M | $285.21M | $271.57M | $260.38M | $250.93M | $236.93M | $224.02M | $209.28M | $216.00M | $204.30M | $201.28M | $252.40M | $251.80M | $242.84M | $232.98M | $216.12M | $196.17M | $178.48M | $162.91M | $151.18M | $128.62M | $135.15M | $135.88M | $118.02M | $87.29M |
| Low Forecast | $329.47M | $334.46M | $324.48M | $309.50M | $307.45M | $295.33M | $282.95M | $269.41M | $258.32M | $250.13M | $235.05M | $222.24M | $208.98M | $215.00M | $202.68M | $199.68M | $250.40M | $249.80M | $241.48M | $231.69M | $214.92M | $195.08M | $177.48M | $162.00M | $150.34M | $127.91M | $134.40M | $135.12M | $117.36M | $86.80M |
| # Analysts | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 5 | 3 | 2 | 4 | 5 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 12 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | - | 0.94% | 1.00% | 1.01% | 1.02% | 1.06% | 1.04% | - | 1.03% | 1.09% | 1.04% | 1.03% | 0.99% | 1.00% | 1.03% | 1.03% | 0.72% |
Onto Innovation's average Quarter revenue forecast for Mar 24 based on 2 analysts is $222.60M, with a low forecast of $222.24M, and a high forecast of $224.02M. ONTO's average Quarter revenue forecast represents a 1.71% increase compared to the company's last Quarter revenue of $218.86M (Dec 23).
Onto Innovation EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 5 | 3 | 2 | 4 | 5 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 12 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $43.04M | - | $24.81M | $42.86M | $75.03M | $73.13M | $74.38M | $75.14M | - | $59.86M | $52.45M | $42.94M | $31.65M | $26.71M | $24.94M | $14.04M | $-9.57M | $9.33M |
| Avg Forecast | $64.08M | $65.06M | $63.11M | $60.20M | $59.80M | $57.44M | $55.03M | $52.40M | $50.24M | $48.63M | $45.72M | $80.40M | $40.60M | $41.79M | $39.42M | $73.09M | $48.70M | $61.31M | $46.96M | $66.45M | $41.79M | $37.93M | $34.51M | $39.45M | $29.23M | $24.87M | $26.13M | $10.50M | $22.82M | $16.88M |
| High Forecast | $64.49M | $65.47M | $63.52M | $60.59M | $60.18M | $57.81M | $55.39M | $52.74M | $50.56M | $48.73M | $46.01M | $96.48M | $40.64M | $41.95M | $39.67M | $87.71M | $49.02M | $73.57M | $47.16M | $79.74M | $41.97M | $38.10M | $34.66M | $47.34M | $29.36M | $24.98M | $26.25M | $12.60M | $22.92M | $16.95M |
| Low Forecast | $63.98M | $64.95M | $63.01M | $60.10M | $59.71M | $57.35M | $54.95M | $52.32M | $50.16M | $48.57M | $45.65M | $64.32M | $40.58M | $41.75M | $39.36M | $58.47M | $48.63M | $49.05M | $46.89M | $53.16M | $41.74M | $37.88M | $34.47M | $31.56M | $29.20M | $24.84M | $26.10M | $8.40M | $22.79M | $16.86M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | - | 0.63% | 0.59% | 1.54% | 1.19% | 1.58% | 1.13% | - | 1.58% | 1.52% | 1.09% | 1.08% | 1.07% | 0.95% | 1.34% | -0.42% | 0.55% |
2 analysts predict ONTO's average Quarter EBITDA for Mar 24 to be $80.40M, with a high of $96.48M and a low of $64.32M. This is 86.80% upper than Onto Innovation's previous annual EBITDA (Dec 23) of $43.04M.
Onto Innovation Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 5 | 3 | 2 | 4 | 5 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 12 | 12 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $30.31M | - | $25.90M | $29.07M | $66.21M | $52.22M | $51.58M | $53.33M | - | $36.45M | $35.05M | $24.11M | $19.91M | $8.09M | $7.42M | $-4.40M | $-17.75M | $6.56M |
| Avg Forecast | $94.38M | $96.37M | $93.39M | $88.42M | $93.32M | $87.50M | $81.18M | $75.72M | $70.25M | $65.29M | $59.54M | $56.81M | $50.03M | $47.08M | $41.53M | $51.64M | $65.73M | $37.48M | $63.14M | $46.95M | $55.10M | $45.70M | $39.84M | $22.34M | $29.80M | $16.99M | $17.19M | $-3.60M | $19.17M | $19.17M |
| High Forecast | $95.16M | $97.17M | $94.16M | $89.15M | $94.09M | $88.22M | $81.86M | $76.35M | $70.84M | $66.28M | $60.03M | $68.17M | $50.53M | $47.47M | $41.87M | $61.97M | $66.27M | $44.97M | $63.49M | $56.34M | $55.41M | $45.95M | $40.06M | $26.81M | $29.97M | $17.08M | $17.28M | $-2.88M | $19.28M | $19.28M |
| Low Forecast | $94.18M | $96.17M | $93.19M | $88.24M | $93.12M | $87.32M | $81.01M | $75.56M | $70.11M | $63.29M | $59.41M | $45.45M | $48.51M | $46.58M | $41.44M | $41.31M | $65.59M | $29.98M | $63.03M | $37.56M | $55.01M | $45.62M | $39.77M | $17.87M | $29.75M | $16.96M | $17.16M | $-4.32M | $19.14M | $19.14M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.61% | - | 0.62% | 0.56% | 1.01% | 1.39% | 0.82% | 1.14% | - | 0.80% | 0.88% | 1.08% | 0.67% | 0.48% | 0.43% | 1.22% | -0.93% | 0.34% |
Onto Innovation's average Quarter net income forecast for Mar 24 is $56.81M, with a range of $45.45M to $68.17M. ONTO's average Quarter net income forecast represents a 87.43% increase compared to the company's last Quarter net income of $30.31M (Dec 23).
Onto Innovation SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 5 | 3 | 2 | 4 | 5 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 12 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $27.55M | - | $34.79M | $34.87M | $34.36M | $33.57M | $35.22M | $32.12M | - | $29.43M | $31.68M | $28.66M | $26.16M | $26.28M | $27.79M | $33.22M | $43.84M | $13.07M |
| Avg Forecast | $61.78M | $62.71M | $60.84M | $58.03M | $57.65M | $55.38M | $53.05M | $50.52M | $48.44M | $46.88M | $44.07M | $34.21M | $39.14M | $40.29M | $38.00M | $31.10M | $46.95M | $30.26M | $45.27M | $28.28M | $40.29M | $36.57M | $33.27M | $26.56M | $28.18M | $23.98M | $25.19M | $27.18M | $22.00M | $16.27M |
| High Forecast | $62.17M | $63.12M | $61.23M | $58.41M | $58.02M | $55.73M | $53.39M | $50.84M | $48.75M | $46.98M | $44.36M | $41.06M | $39.18M | $40.44M | $38.25M | $37.32M | $47.25M | $36.31M | $45.46M | $33.93M | $40.46M | $36.72M | $33.41M | $31.87M | $28.30M | $24.08M | $25.30M | $32.61M | $22.09M | $16.34M |
| Low Forecast | $61.68M | $62.61M | $60.75M | $57.94M | $57.56M | $55.29M | $52.97M | $50.44M | $48.36M | $46.83M | $44.00M | $27.37M | $39.12M | $40.25M | $37.94M | $24.88M | $46.88M | $24.21M | $45.21M | $22.62M | $40.23M | $36.52M | $33.23M | $21.24M | $28.14M | $23.95M | $25.16M | $21.74M | $21.97M | $16.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.70% | - | 0.92% | 1.12% | 0.73% | 1.11% | 0.78% | 1.14% | - | 0.80% | 0.95% | 1.08% | 0.93% | 1.10% | 1.10% | 1.22% | 1.99% | 0.80% |
Onto Innovation's average Quarter SG&A projection for Mar 24 is $34.21M, based on 2 Wall Street analysts, with a range of $27.37M to $41.06M. The forecast indicates a 24.17% rise compared to ONTO last annual SG&A of $27.55M (Dec 23).
Onto Innovation EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 5 | 3 | 2 | 4 | 5 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 12 | 12 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.61 | - | $0.53 | $0.60 | $1.35 | $1.05 | $1.04 | $1.08 | - | $0.74 | $0.71 | $0.49 | $0.41 | $0.17 | $0.15 | $-0.09 | $-0.35 | $0.26 |
| Avg Forecast | $1.90 | $1.94 | $1.88 | $1.78 | $1.88 | $1.76 | $1.63 | $1.52 | $1.41 | $1.31 | $1.20 | $1.08 | $1.01 | $0.95 | $0.84 | $0.89 | $1.32 | $1.31 | $1.27 | $1.17 | $1.11 | $0.92 | $0.80 | $0.69 | $0.60 | $0.34 | $0.35 | $0.34 | $0.39 | $0.39 |
| High Forecast | $1.92 | $1.96 | $1.90 | $1.79 | $1.89 | $1.78 | $1.65 | $1.54 | $1.43 | $1.33 | $1.21 | $1.09 | $1.02 | $0.96 | $0.84 | $0.89 | $1.33 | $1.32 | $1.28 | $1.17 | $1.12 | $0.93 | $0.81 | $0.70 | $0.60 | $0.34 | $0.35 | $0.34 | $0.39 | $0.39 |
| Low Forecast | $1.90 | $1.94 | $1.88 | $1.78 | $1.87 | $1.76 | $1.63 | $1.52 | $1.41 | $1.27 | $1.20 | $1.08 | $0.98 | $0.94 | $0.83 | $0.88 | $1.32 | $1.30 | $1.27 | $1.16 | $1.11 | $0.92 | $0.80 | $0.69 | $0.60 | $0.34 | $0.35 | $0.34 | $0.39 | $0.39 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.61% | - | 0.63% | 0.68% | 1.02% | 0.80% | 0.82% | 0.93% | - | 0.80% | 0.89% | 0.71% | 0.68% | 0.50% | 0.43% | -0.26% | -0.92% | 0.67% |
According to 2 Wall Street analysts, Onto Innovation's projected average Quarter EPS for Mar 24 is $1.08, with a low estimate of $1.08 and a high estimate of $1.09. This represents a 77.13% increase compared to ONTO previous annual EPS of $0.61 (Dec 23).
Onto Innovation Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| IPGP | IPG Photonics | $62.84 | $146.00 | 132.34% | Buy |
| AEHR | Aehr Test Systems | $13.52 | $25.00 | 84.91% | Buy |
| ICHR | Ichor | $27.28 | $47.00 | 72.29% | Buy |
| UCTT | Ultra Clean | $32.94 | $56.00 | 70.01% | Buy |
| KLIC | Kulicke and Soffa Industries | $38.57 | $65.00 | 68.52% | Hold |
| ONTO | Onto Innovation | $177.30 | $257.50 | 45.23% | Buy |
| ACLS | Axcelis | $96.98 | $137.00 | 41.27% | Buy |
| COHU | Cohu | $24.18 | $34.00 | 40.61% | Buy |
| CAMT | Camtek | $77.88 | $105.43 | 35.37% | Buy |
| TER | Teradyne | $121.45 | $153.18 | 26.13% | Buy |
| PLAB | Photronics | $22.00 | $25.50 | 15.91% | Buy |
| VECO | Veeco Instruments | $29.67 | $34.33 | 15.71% | Buy |
| LRCX | Lam Research | $733.83 | $827.05 | 12.70% | Buy |
| KLAC | KLA | $702.80 | $590.28 | -16.01% | Buy |
ONTO Forecast FAQ
Is Onto Innovation a good buy?
Yes, according to 5 Wall Street analysts, Onto Innovation (ONTO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of ONTO's total ratings.
What is ONTO's price target?
Onto Innovation (ONTO) average price target is $257.5 with a range of $245 to $270, implying a 44.98% from its last price of $177.61. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Onto Innovation stock go up soon?
According to Wall Street analysts' prediction for ONTO stock, the company can go up by 44.98% (from the last price of $177.61 to the average price target of $257.5), up by 52.02% based on the highest stock price target, and up by 37.94% based on the lowest stock price target.
Can Onto Innovation stock reach $300?
ONTO's average twelve months analyst stock price target of $257.5 does not support the claim that Onto Innovation can reach $300 in the near future.
What is Onto Innovation's current price target trend?
1 Wall Street analyst forecast a $245 price target for Onto Innovation (ONTO) this month, up 37.94% from its last price of $177.61. Compared to the last 3 and 12 months, the average price target increased by 44.98% and increased by 37.00%, respectively.
What are Onto Innovation's analysts' financial forecasts?
Onto Innovation's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.16B (high $1.16B, low $1.16B), average EBITDA is $224.68M (high $226.12M, low $224.32M), average net income is $337.71M (high $340.52M, low $337.01M), average SG&A $216.6M (high $217.98M, low $216.25M), and average EPS is $6.8 (high $6.86, low $6.78). ONTO's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.3B (high $1.31B, low $1.3B), average EBITDA is $252.45M (high $254.07M, low $252.05M), average net income is $372.56M (high $375.65M, low $371.78M), average SG&A $243.37M (high $244.92M, low $242.98M), and average EPS is $7.5 (high $7.56, low $7.48).
Did the ONTO's actual financial results beat the analysts' financial forecasts?
Based on Onto Innovation's last annual report (Dec 2023), the company's revenue was $815.87M, which missed the average analysts forecast of $827.26M by -1.38%. Apple's EBITDA was $140.62M, missing the average prediction of $194.9M by -27.85%. The company's net income was $121.16M, missing the average estimation of $190.28M by -36.33%. Apple's SG&A was $120.37M, missing the average forecast of $148.53M by -18.96%. Lastly, the company's EPS was $2.46, missing the average prediction of $3.68 by -33.10%. In terms of the last quarterly report (Dec 2023), Onto Innovation's revenue was $218.86M, beating the average analysts' forecast of $209.06M by 4.69%. The company's EBITDA was $43.04M, beating the average prediction of $40.6M by 6.02%. Onto Innovation's net income was $30.31M, missing the average estimation of $50.03M by -39.42%. The company's SG&A was $27.55M, missing the average forecast of $39.14M by -29.60%. Lastly, the company's EPS was $0.61, missing the average prediction of $1.01 by -39.43%