Benchmark Maintains Buy on Onto Innovation, Raises Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mark Miller maintains a Buy rating on Onto Innovation (NYSE:ONTO) and raises the price target from $180 to $230.
May 10, 2024 | 3:44 pm
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Benchmark analyst Mark Miller reaffirmed a Buy rating on Onto Innovation and increased the price target from $180 to $230, indicating a positive outlook on the company's stock.
The increase in price target by a reputable analyst suggests a strong confidence in Onto Innovation's future performance. Such endorsements typically lead to a positive short-term impact on the stock price as it reflects the analyst's optimism about the company's growth prospects and financial health.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100