Jefferies lowered the firm’s price target on Onto Innovation (ONTO) to $245 from $265 and keeps a Buy rating on the shares. The pause in HBM is still underway, but strength in advanced DRAM and Power Semis helps offset the continued delay, says the analyst, who adds that “a return to robust growth should just be a matter of time.”
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Read More on ONTO:
- Onto Innovation price target raised to $275 from $260 at Oppenheimer
- Onto Innovation price target lowered to $230 from $245 at Needham
- Onto Innovation’s Strong Q3 2024 Financial Performance
- Onto Innovation acquires Lumina Instruments
- Onto Innovation reports Q3 EPS $1.34, consensus $1.32
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