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Onto Innovation (ONTO) Stock Forecast, Price Target & Predictions

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ONTO Stock Forecast

Onto Innovation stock forecast is as follows: an average price target of $258.33 (represents a 55.15% upside from ONTO’s last price of $166.50) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.

ONTO Price Target

The average price target for Onto Innovation (ONTO) is $258.33 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $275.00 to $230.00. This represents a potential 55.15% upside from ONTO's last price of $166.50.

ONTO Analyst Ratings

Buy

According to 6 Wall Street analysts, Onto Innovation's rating consensus is 'Buy'. The analyst rating breakdown for ONTO stock is 0 'Strong Buy' (0.00%), 6 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Onto Innovation Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 01, 2024Quinn BoltonNeedham$230.00$176.1030.61%38.14%
Oct 01, 2024Ed YangOppenheimer$275.00$203.6935.01%65.17%
Sep 24, 2024Ed YangOppenheimer$260.00$202.0628.67%56.16%
Aug 19, 2024Quinn BoltonNeedham$245.00$213.9714.50%47.15%
Jul 15, 2024Brian ChinStifel Nicolaus$270.00$229.2817.76%62.16%
Mar 25, 2024Brian ChinStifel Nicolaus$215.00$184.4016.59%29.13%
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The latest Onto Innovation stock forecast, released on Nov 01, 2024 by Quinn Bolton from Needham, set a price target of $230.00, which represents a 30.61% increase from the stock price at the time of the forecast ($176.10), and a 38.14% increase from ONTO last price ($166.50).

Onto Innovation Price Target by Period

1M3M12M
# Anlaysts136
Avg Price Target$230.00$255.00$249.17
Last Closing Price$166.50$166.50$166.50
Upside/Downside38.14%53.15%49.65%

In the current month, the average price target of Onto Innovation stock is $230.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 38.14% increase as opposed to Onto Innovation's last price of $166.50. This month's average price target is down -9.80% compared to last quarter, and down -7.69% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 01, 2024NeedhamBuyBuyHold
Oct 01, 2024OppenheimerBuyBuyHold
Oct 01, 2024Edward JonesUnderperformUnderperformHold
Oct 01, 2024OppenheimerOutperformOutperformHold
Sep 24, 2024Oppenheimer-OutperformInitialise
Aug 19, 2024Needham-BuyUpgrade
Aug 19, 2024Needham-OutperformUpgrade
Aug 09, 2024JefferiesBuyBuyHold
Aug 09, 2024B. Riley SecuritiesUnderperformUnderperformHold
Jun 20, 2024B. RileyBuyBuyHold
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Onto Innovation's last stock rating was published by Needham on Nov 01, 2024. The company gave ONTO a "Buy" rating, the same as its previous rate.

Onto Innovation Financial Forecast

Onto Innovation Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$336.10M$329.10M$322.65M$312.95M$306.70M$294.80M$279.81M$268.71M$260.60M$250.85M$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$342.57M$335.43M$328.86M$318.97M$312.60M$300.47M$285.20M$274.80M$261.20M$251.07M$235.43M$226.88M$209.28M$216.00M$206.91M$203.85M$255.62M$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
Low Forecast$330.74M$323.86M$317.51M$307.96M$301.81M$290.10M$275.35M$258.95M$260.40M$250.63M$235.43M$219.05M$208.98M$215.00M$199.77M$196.81M$246.80M$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
# Analysts33332226653345221222333338881212
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 3 analysts is $222.60M, with a low forecast of $219.05M, and a high forecast of $226.88M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33332226653345221222333338881212
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$68.07M$66.65M$65.35M$63.38M$62.12M$59.71M$56.67M$54.42M$52.78M$50.81M$47.68M$80.40M$42.34M$43.59M$41.11M$73.09M$65.87M$48.59M$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$69.38M$67.94M$66.61M$64.60M$63.31M$60.86M$57.76M$55.66M$52.90M$50.85M$47.68M$96.48M$42.39M$43.75M$41.91M$87.71M$79.04M$48.59M$46.96M$79.74M$41.79M$37.93M$34.51M$47.34M$29.23M$24.87M$26.13M$12.60M$22.82M$16.88M
Low Forecast$66.99M$65.59M$64.31M$62.37M$61.13M$58.76M$55.77M$52.45M$52.74M$50.76M$47.68M$64.32M$42.33M$43.55M$40.46M$58.47M$52.69M$48.59M$46.96M$53.16M$41.79M$37.93M$34.51M$31.56M$29.23M$24.87M$26.13M$8.40M$22.82M$16.88M
Surprise %------------1.02%-0.60%0.59%1.14%1.51%1.58%1.13%-1.58%1.52%1.09%1.08%1.07%0.95%1.34%-0.42%0.55%

3 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33332226653345221222333338881212
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$103.12M$99.88M$96.65M$91.93M$91.62M$86.03M$80.13M$75.10M$69.88M$65.60M$59.56M$56.81M$50.05M$47.10M$41.54M$51.64M$45.85M$64.93M$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$105.69M$102.38M$99.07M$94.23M$93.91M$88.18M$82.14M$77.19M$72.43M$65.75M$59.57M$68.17M$50.56M$48.28M$42.58M$61.97M$55.02M$65.81M$63.14M$56.34M$55.10M$45.70M$39.84M$26.81M$29.80M$16.99M$17.19M$-2.88M$19.17M$19.17M
Low Forecast$100.98M$97.82M$94.65M$90.03M$89.73M$84.25M$78.47M$70.41M$64.27M$65.45M$59.55M$45.45M$48.53M$46.60M$40.68M$41.31M$36.68M$64.05M$63.14M$37.56M$55.10M$45.70M$39.84M$17.87M$29.80M$16.99M$17.19M$-4.32M$19.17M$19.17M
Surprise %------------0.61%-0.62%0.56%1.44%0.80%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33332226653345221222333338881212
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$63.21M$61.90M$60.68M$58.86M$57.69M$55.45M$52.63M$50.54M$49.01M$47.18M$44.28M$34.21M$39.32M$40.48M$38.18M$31.10M$34.75M$46.84M$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$64.43M$63.09M$61.85M$59.99M$58.79M$56.51M$53.64M$51.69M$49.13M$47.22M$44.28M$41.06M$39.36M$40.63M$38.92M$37.32M$41.70M$46.84M$45.27M$33.93M$40.29M$36.57M$33.27M$31.87M$28.18M$23.98M$25.19M$32.61M$22.00M$16.27M
Low Forecast$62.21M$60.91M$59.72M$57.92M$56.77M$54.56M$51.79M$48.70M$48.98M$47.14M$44.28M$27.37M$39.31M$40.44M$37.57M$24.88M$27.80M$46.84M$45.27M$22.62M$40.29M$36.57M$33.27M$21.24M$28.18M$23.98M$25.19M$21.74M$22.00M$16.27M
Surprise %------------0.70%-0.91%1.12%0.99%0.72%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 3 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts33332226653345221222333338881212
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$2.08$2.01$1.95$1.85$1.84$1.73$1.61$1.51$1.41$1.32$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$2.13$2.06$1.99$1.90$1.89$1.77$1.65$1.55$1.46$1.32$1.20$1.08$1.02$0.97$0.86$0.91$1.36$1.32$1.27$1.17$1.11$0.92$0.80$0.69$0.60$0.34$0.35$0.34$0.39$0.39
Low Forecast$2.03$1.97$1.90$1.81$1.81$1.70$1.58$1.42$1.29$1.32$1.20$1.08$0.98$0.94$0.82$0.87$1.30$1.29$1.27$1.17$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 3 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 $1.08. This represents a 77.13% increase compared to ONTO previous annual EPS of $0.61 (Dec 23).

Onto Innovation Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
LRCXLam Research$73.13$649.74788.47%Buy
AEHRAehr Test Systems$11.70$25.00113.68%Buy
ACLSAxcelis$73.28$137.0086.95%Buy
IPGPIPG Photonics$74.81$123.0064.42%Buy
ONTOOnto Innovation$166.50$258.3355.15%Buy
UCTTUltra Clean$37.20$57.0053.23%Buy
ICHRIchor$32.56$47.6046.19%Buy
TERTeradyne$105.52$153.1845.17%Buy
CAMTCamtek$75.51$105.4339.62%Buy
KLICKulicke and Soffa Industries$48.46$65.0034.13%Hold
VECOVeeco Instruments$26.54$34.3329.35%Buy
COHUCohu$26.10$30.0014.94%Buy
PLABPhotronics$24.44$25.504.34%Buy
KLACKLA$633.16$619.00-2.24%Buy

ONTO Forecast FAQ

Is Onto Innovation a good buy?

Yes, according to 6 Wall Street analysts, Onto Innovation (ONTO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 100.00% of ONTO's total ratings.

What is ONTO's price target?

Onto Innovation (ONTO) average price target is $258.33 with a range of $230 to $275, implying a 55.15% from its last price of $166.5. The data is based on 6 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 55.15% (from the last price of $166.5 to the average price target of $258.33), up by 65.17% based on the highest stock price target, and up by 38.14% based on the lowest stock price target.

Can Onto Innovation stock reach $200?

ONTO's average twelve months analyst stock price target of $258.33 supports the claim that Onto Innovation can reach $200 in the near future.

What is Onto Innovation's current price target trend?

1 Wall Street analyst forecast a $230 price target for Onto Innovation (ONTO) this month, up 38.14% from its last price of $166.5. Compared to the last 3 and 12 months, the average price target increased by 53.15% and increased by 49.65%, 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 $1.15B (high $1.17B, low $1.13B), average EBITDA is $232.92M (high $237.59M, low $228.1M), average net income is $332.89M (high $341.42M, low $322.85M), average SG&A $216.3M (high $220.63M, low $211.82M), and average EPS is $6.7 (high $6.87, low $6.5). ONTO's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.3B (high $1.33B, low $1.28B), average EBITDA is $263.46M (high $268.53M, low $259.26M), average net income is $391.59M (high $401.38M, low $383.48M), average SG&A $244.66M (high $249.36M, low $240.76M), and average EPS is $7.88 (high $8.08, low $7.72).

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 $200.13M by -29.74%. The company's net income was $121.16M, missing the average estimation of $190.34M by -36.34%. Apple's SG&A was $120.37M, missing the average forecast of $149.08M by -19.26%. 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 $42.34M by 1.65%. Onto Innovation's net income was $30.31M, missing the average estimation of $50.05M by -39.44%. The company's SG&A was $27.55M, missing the average forecast of $39.32M by -29.92%. Lastly, the company's EPS was $0.61, missing the average prediction of $1.01 by -39.43%