Stock Rating Upgrade
In the last week the Value Trend Rating for Onto Innovation Inc (NYSE: ONTO) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Onto Innovation Inc (NYSE: ONTO) stock closed at $134.96 on 11/17/23 after a slight decline of -0.1%. The stock has risen 9.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ONTO is expected to continue to be a Value Builder.
Onto Innovation has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Onto Innovation has a poor Appreciation Score of 30 but a very high Power Rating of 95, leading to the Positive Value Trend Rating.
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