Needham Upgrades Onto Innovation with Higher Price Target Amid Strong Q1 Results
On May 6, Needham upgraded its rating on Onto Innovation (NYSE:ONTO) to 'Buy' and raised the price target from $320 to $330. The firm cited strong quarterly results including record revenue of $292 million and improved gross margins as key factors.
Tickers: $ONTO
Topics: AI chip manufacturing metrology process control semiconductors