ONTO Price Target Set at $350 Amid Strong Revenue Growth Projections
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOnto Innovation Inc. (ONTO) has received a Buy rating from Stifel with a price target of $350, as of June 4. The company's advanced packaging inspection revenue is projected to grow by over 50%, while overall revenue is expected to increase by more than 30%. Significant qualification of Dragonfly inspection tools by two major customers is anticipated to expedite their adoption. This faster qualification is viewed as a potential catalyst for positive performance in the latter half of the year.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
