Oppenheimer Maintains Buy Rating and $450 Price Target for Onto Innovation
Oppenheimer analyst Edward Yang has reaffirmed a 'Buy' rating and a $450 price target for Onto Innovation.
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On Thursday, Onto Innovation (NYSE:ONTO) discussed second-quarter financial results during its earnings call. The full transcript is provided below. This transcript is brought to you by Benzinga APIs. For real-time
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Oppenheimer analyst Edward Yang has reaffirmed a 'Buy' rating and a $450 price target for Onto Innovation.
Onto Innovation raised its Q3 2026 revenue guidance to $380M-$400M and increased full-year advanced packaging growth outlook to 80% from 50%, driven by strong demand for Dragonfly inspection products and advanced nodes. The company's record backlog exceeded $1.1B with 60-70% relating to 2026, supporting second-half revenue growth of at least 25% and operating margins reaching 32-33%.