The Analyst Verdict: Onto Innovation In The Eyes Of 4 Experts
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Onto Innovation (NYSE:ONTO), with a recent increase in the average 12-month price target to $258.75. The company has shown strong revenue growth and net margins, but its ROE lags behind industry averages.
October 01, 2024 | 7:01 pm
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Onto Innovation has received mixed analyst ratings, with a recent increase in the average price target to $258.75. The company shows strong revenue growth and net margins, but its ROE is below industry averages.
The increase in the average price target by 6.34% suggests positive sentiment among analysts, which could lead to a short-term price increase. The company's strong revenue growth and net margins further support a positive outlook, although the lower ROE may temper expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100