Is Onto Innovation Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NYSE: ONTO) stock is to Strong Buy ONTO stock.
Out of 3 analysts, 3 (100%) are recommending ONTO as a Strong Buy, 0 (0%) are recommending ONTO as a Buy, 0 (0%) are recommending ONTO as a Hold, 0 (0%) are recommending ONTO as a Sell, and 0 (0%) are recommending ONTO as a Strong Sell.
What is ONTO's forecast return on equity (ROE) for 2023-2023?
(NYSE: ONTO) forecast ROE is 16.94%, which is considered weak.
What is ONTO's Price Target?
According to 3 Wall Street analysts that have issued a 1 year ONTO price target, the average ONTO price target is $127.67, with the highest ONTO stock price forecast at $135.00 and the lowest ONTO stock price forecast at $123.00.
On average, Wall Street analysts predict that Onto Innovation's share price could reach $127.67 by Aug 11, 2024. The average Onto Innovation stock price prediction forecasts a potential upside of 3.61% from the current ONTO share price of $123.22.
What is ONTO's forecast return on assets (ROA) for 2023-2023?
(NYSE: ONTO) forecast ROA is 15.41%, which is lower than the forecast US Semiconductor Equipment & Materials industry average of 20.34%.
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