Oppenheimer Maintains Outperform on Onto Innovation, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Edward Yang has maintained an 'Outperform' rating on Onto Innovation (NYSE:ONTO) and raised the price target from $260 to $275.
October 01, 2024 | 2:17 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Oppenheimer has reaffirmed its 'Outperform' rating for Onto Innovation and increased the price target to $275, indicating confidence in the company's future performance.
The increase in price target from $260 to $275 by Oppenheimer suggests a positive outlook on Onto Innovation's future performance. The 'Outperform' rating indicates that the analyst expects the stock to perform better than the market average, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100