🟢 ONTO is trading 4.4% up today after Oppenheimer raises price target to $450

ONTO is trading 4.4% up at $348.52 following a wave of analyst optimism and a significant price target hike from Oppenheimer.

• Oppenheimer reiterated its Outperform rating and raised its price target to $450, citing confidence in the Dragonfly G5 AI platform and improved long-term revenue and EPS forecasts.
• Sentiment was further bolstered by another brokerage recently initiating coverage with a Buy rating and a $370 price target.
• ONTO is currently outperforming a mixed broader market as investors rally behind the company's strong positioning within the semiconductor and AI sectors.