Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 1, 2026, Onto Innovation Inc. (ONTO) has a Wall Street consensus price target of $261.67, based on estimates from 11 covering analysts. With the stock currently trading at $215.89, this represents a potential upside of +21.2%. The company has a market capitalization of $10.63B.
Analyst price targets range from a low of $220.00 to a high of $300.00, representing a 31% spread in expectations. The median target of $262.50 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 10 analysts rating the stock as a Buy or Strong Buy,1 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, ONTO trades at a trailing P/E of 53.2x and forward P/E of 43.4x. The forward PEG ratio of 0.34 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +39.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $290.01, with bear and bull scenarios of $1.42 and $534.87 respectively. Model confidence stands at 53/100, reflecting moderate uncertainty in projections.
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Start ComparisonThe consensus Wall Street price target for ONTO is $261.67, representing 21.2% upside from the current price of $215.89. With 11 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
ONTO has a consensus rating of "Buy" based on 11 Wall Street analysts. The rating breakdown is predominantly bullish, with 10 Buy/Strong Buy ratings. The consensus 12-month price target of $261.67 implies 21.2% upside from current levels.
At a forward P/E of 43.4491x, ONTO trades at a premium valuation. The consensus price target of $261.67 (21.2% upside) suggests analysts still see growth justifying the multiple.
The most bullish Wall Street analyst has a price target of $300 for ONTO, while the most conservative target is $220. The consensus of $261.67 represents the median expectation. Our quantitative valuation model projects a bull case target of $535 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
ONTO is moderately covered, with 11 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 10 have Buy ratings, 1 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month ONTO stock forecast based on 11 Wall Street analysts shows a consensus price target of $261.67, with estimates ranging from $220 (bear case) to $300 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $290, with bear/bull scenarios of $1/$535.
Our quantitative valuation model calculates ONTO's fair value at $290 (base case), with a bear case of $1 and bull case of $535. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 53/100.
ONTO trades at a forward P/E ratio of 43.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 53.2x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on ONTO, with a "Buy" consensus rating and $261.67 price target (21.2% upside). 10 of 11 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
ONTO analyst price targets range from $220 to $300, a 31% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $261.67 consensus represents the middle ground. Our model's $1-$535 range provides an independent fundamental perspective.