B. Riley cuts target for Onto Innovation stock to USD 340 from USD 390

Published on 10/20/2026 at 19:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Onto Innovation will report third-quarter results on November 9, 2026. Onto Innovation stock costs EUR 198.68 on October 20, 2026 at 7:53 p.m. CEST.

Analyst target and reporting date

B. Riley lowered its Onto Innovation target from USD 390.00 to USD 340.00 on October 19, 2026.
Onto Innovation will publish third-quarter 2026 results on November 9, 2026.
Onto Innovation stock costs EUR 198.68 at Lang & Schwarz on October 20, 2026 at 7:53 p.m. CEST.

ONT, US6833441057, Illustration mit AI erstellt.

Onto Innovation (US6833441057) faces a lower analyst target after B. Riley cut its price objective from USD 390.00 to USD 340.00 on October 19, 2026, while retaining its Buy rating, MarketScreener reports. The new target stands 52.49 percent above the USD 222.96 NYSE price at 1:58 p.m. EDT on October 20, 2026. The stock was trading at EUR 198.68 at Lang & Schwarz on October 20, 2026 at 7:53 p.m. CEST.

Target cut meets strong guidance

The reduced objective contrasts with Onto Innovation's latest operating outlook. The company's investor-relations page lists USD 343.0 million of quarterly revenue and a 53.0 percent GAAP gross margin for the second quarter of 2026, giving the target revision a weaker valuation backdrop than the operating figures alone suggest.

Management also guided third-quarter 2026 revenue to USD 380.0 million to USD 400.0 million. The range implies a sequential increase from the second-quarter revenue figure, while the company expects third-quarter operating margin to reach 32.0 percent, according to its second-quarter earnings materials.

NYSE price and market value

On the NYSE, Onto Innovation was last at USD 222.96 on October 20, 2026 at 1:58 p.m. EDT, with a market capitalization of USD 10.9 billion. The finance-equipment specialist's 52-week range was USD 118.97 to USD 386.46 in the same quote, placing the latest US price below the yearly high while leaving the current operating outlook as the main counterweight.

Results date comes next

Onto Innovation plans to release third-quarter fiscal 2026 results on November 9, 2026, shortly after the market close, with the conference call scheduled for 4:30 p.m. ET, ScanX News reports. The next major checkpoint is therefore the delivery of the USD 380.0 million to USD 400.0 million revenue range and the 32.0 percent operating-margin outlook.

What the lower target means

B. Riley's move leaves a USD 50.00 gap between the previous and new objective, but the revised USD 340.00 level still sits above the October 20 NYSE price. For investors, the November results will test whether the second-quarter revenue base of USD 343.0 million can move toward the guided third-quarter range while profitability expands.

Onto Innovation stock stays in focus

Onto Innovation was trading at EUR 198.68 at Lang & Schwarz on October 20, 2026 at 7:53 p.m. CEST. Its US quote stood at USD 222.96 at 1:58 p.m. EDT on the NYSE, while the next scheduled results date is November 9, 2026. The further course of trading is shown by the continuously updated real-time quote of Onto Innovation stock.