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Analysts Offer Insights on Technology Companies: Onto Innovation (ONTO) and Pegasystems (PEGA)

Tipranks - Tipranks - Tue Apr 21, 6:34AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Onto Innovation (ONTO) and Pegasystems (PEGA) with bullish sentiments.

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Onto Innovation (ONTO)

In a report released today, Charles Shi from Needham maintained a Buy rating on Onto Innovation, with a price target of $320.00. The company’s shares closed last Friday at $290.76.

According to TipRanks.com, Shi is a 5-star analyst with an average return of 37.3% and a 59.9% success rate. Shi covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Axcelis Technologies, and Ultra Clean Holdings. ;'>

Onto Innovation has an analyst consensus of Strong Buy, with a price target consensus of $323.57, implying a 14.2% upside from current levels. In a report issued on April 17, Stifel Nicolaus also upgraded the stock to Buy with a $350.00 price target.

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Pegasystems (PEGA)

Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating on Pegasystems today and set a price target of $62.00. The company’s shares closed last Friday at $43.61.

According to TipRanks.com, Abernethy is a 4-star analyst with an average return of 6.1% and a 54.7% success rate. Abernethy covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, Navan, Inc. Class A, and Silvaco Group, Inc. ;'>

Pegasystems has an analyst consensus of Strong Buy, with a price target consensus of $60.88, which is a 36.8% upside from current levels. In a report issued on April 6, RBC Capital also maintained a Buy rating on the stock with a $65.00 price target.

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