Stock Track | Onto Innovation Soars 5.93% in Pre-Market on Strong Preliminary Q1 Results, Guidance Raise and Analyst Upgrades

Stock Track

Apr 17

Onto Innovation Inc. (ONTO) saw its stock price soar 5.93% in pre-market trading on Friday, continuing its positive momentum from the previous session.

The significant pre-market gain is attributed to the company's release of preliminary first-quarter results that exceeded market expectations, coupled with an upward revision to its second-quarter guidance, signaling strong business confidence. Additionally, the stock received multiple analyst upgrades and target price increases. B. Riley raised its target price to $310 from $275, Stifel upgraded the stock from Hold to Buy and lifted its target to $350 from $220, and Jefferies increased its target price to $325 from $300.

Within the semiconductor equipment sector, overall sentiment was positive, with peers like ASML Holding NV and Lam Research also posting gains, though Onto Innovation notably outperformed the broader group.

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(ONTO) saw its stock price soar 5.93% in pre-market trading on Friday, continuing its positive momentum from the previous session.</p><p>The significant pre-market gain is attributed to the company's release of preliminary first-quarter results that exceeded market expectations, coupled with an upward revision to its second-quarter guidance, signaling strong business confidence. Additionally, the stock received multiple analyst upgrades and target price increases. B. Riley raised its target price to $310 from $275, Stifel upgraded the stock from Hold to Buy and lifted its target to $350 from $220, and Jefferies increased its target price to $325 from $300.</p><p>Within the semiconductor equipment sector, overall sentiment was positive, with peers like ASML Holding NV and Lam Research also posting gains, though Onto Innovation notably outperformed the broader group.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ONTO","symbol_name":"Onto Innovation Inc.","start_time":0,"source_url":"","article_id":"1189629892","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1189629892","pubTimestamp":1776425120,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Onto Innovation Inc. 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