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Onto Innovation Inc. (NYSE:ONTO) is one of the

8 Best Beginner Stocks to Buy Right Now.

On April 16, 2026, B. Riley analyst Craig Ellis raised the price target on Onto Innovation Inc. (NYSE:ONTO) to $330 from $310 and maintained a Buy rating, following the company’s positive Q1 pre-announcement and the qualification of its Dragonfly G5 platform for 2.5D advanced packaging applications.

On the same day, Evercore ISI increased its price target to $315 from $250 and reiterated an Outperform rating, noting that Onto is regaining market share as the advanced packaging investment theme continues to play out.

Earlier, Onto Innovation raised its Q1 revenue outlook to $292M from a prior range of $275M–$285M, above the $280.34M consensus estimate. The company also announced the qualification of its recently launched Dragonfly G5 platform for both new and existing 2.5D advanced packaging applications, with initial shipments expected in June. The system incorporates proprietary optics, illumination, and advanced algorithms designed to improve inspection accuracy and throughput while lowering the overall cost of ownership. With demand for AI-driven devices expected to grow roughly 30% annually over the next two years, the platform is positioned to address increasing sensitivity requirements in process control as packaging architectures continue to evolve.

Onto Innovation Inc. (NYSE:ONTO) develops process control and metrology solutions for the semiconductor industry.

While we acknowledge the potential of ONTO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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