Onto Innovation Q1 EPS $1.18, revenue $228.8M, exceeding estimates, Evercore ISI raises price target to $250 and maintains "outperform" rating.
Onto Innovation (NYSE:ONTO) reported Q1 earnings of $1.18 EPS, exceeding the consensus estimate of $1.10 by $0.08. The company's revenue was $228.8 million, compared to the consensus estimate of $222.6 million. Evercore ISI raised its price target to $250.00 and maintained an "outperform" rating on the semiconductor company's stock, indicating a potential upside of 11.99% from the previous close.
May 09, 2024
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