Onto Innovation shares are trading higher after Oppenheimer intiated coverage on the stock with an Outperform rating and announced a $260 price target. Also, the stock may be trading higher following strong earnings from Micron.
Portfolio Pulse from Benzinga Newsdesk
Onto Innovation shares rise as Oppenheimer initiates coverage with an Outperform rating and a $260 price target. The stock is also buoyed by strong earnings from Micron.
September 26, 2024 | 12:02 pm
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Onto Innovation shares are trading higher due to Oppenheimer's Outperform rating and a $260 price target. The stock is also positively influenced by strong earnings from Micron.
Oppenheimer's initiation of coverage with an Outperform rating and a $260 price target is a strong positive signal for Onto Innovation, likely leading to increased investor interest and buying activity. Additionally, the positive sentiment from Micron's strong earnings may further boost Onto Innovation's stock as it suggests a favorable environment for semiconductor-related companies.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100