Royal Bank Upgrades Onto Innovation to Moderate Buy Rating

Royal Bank Of Canada has upgraded Onto Innovation (NYSE:ONTO) to a 'moderate buy' rating, according to a report issued on Friday by Zacks. This upgrade is just one of several recent positive assessments from analysts.

The Goldman Sachs Group also assumed coverage of ONTO and issued a 'buy' rating with a $400 price target. Oppenheimer lifted its price objective on Onto Innovation from $370 to $450, giving the company an 'outperform' rating.

Onto Innovation's 52-week low is $118.97 and its 52-week high is $386.46. The stock's average price target among analysts is $380.