Onto Innovation (ONTO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
In the most recent trading session, Onto Innovation (ONTO) closed at $219.45, indicating a -1.85% shift from the previous trading day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Onto Innovation's (ONTO) performance benefits from strong demand for its Dragonfly inspection system.