Veracyte, Inc. (VCYT)

Veracyte Stock Forecast

Stock Price Forecast

The 7 analysts with 12-month price forecasts for Veracyte stock have an average target of 39.86, with a low estimate of 28 and a high estimate of 46. The average target predicts a decrease of -2.52% from the current stock price of 40.89.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$28	$39.86	$40	$46
Change	-31.52%	-2.52%	-2.18%	+12.50%

Analyst Ratings

The average analyst rating for Veracyte stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	2	2	2	4	4	3
Buy	1	1	1	1	2	2
Hold	0	0	0	0	0	1
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	4	4	4	6	7	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Sykes Goldman Sachs	Goldman Sachs	Strong Buy → Hold Downgrades $38 → $37	Strong Buy → Hold	Downgrades	$38 → $37	-9.51%	Dec 5, 2024
Tejas Savant Morgan Stanley	Morgan Stanley	Sell Maintains $26 → $28	Sell	Maintains	$26 → $28	-31.52%	Nov 18, 2024
Sung Ji Nam Scotiabank	Scotiabank	Buy Maintains $40 → $44	Buy	Maintains	$40 → $44	+7.61%	Nov 8, 2024
Matthew Sykes Goldman Sachs	Goldman Sachs	Strong Buy Maintains $34 → $38	Strong Buy	Maintains	$34 → $38	-7.07%	Nov 7, 2024
Lu Li UBS	UBS	Strong Buy Maintains $43 → $46	Strong Buy	Maintains	$43 → $46	+12.50%	Nov 7, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

452.23M

Increased by 25.25%

from 361.05M

Revenue Next Year

498.00M

Increased by 10.12%

from 452.23M

EPS This Year

0.35

from -1.02

EPS Next Year

0.54

Increased by 54.50%

from 0.35

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	120.37M	117.48M	219.51M	296.54M	361.05M	452.23M	498.00M	550.96M
Revenue Growth	30.82%	-2.40%	86.85%	35.09%	21.76%	25.25%	10.12%	10.63%
EPS	-0.27	-0.66	-1.11	-0.51	-1.02	0.35	0.54	0.84
EPS Growth	-	-	-	-	-	-	54.50%	57.03%
Forward PE	-	-	-	-	-	117.41	76.00	48.40
No. Analysts	-	-	-	-	-	14	14	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	469.4M	525.0M	587.6M
Avg	452.2M	498.0M	551.0M
Low	427.3M	465.5M	520.6M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	30.0%	16.1%	18.0%
Avg	25.3%	10.1%	10.6%
Low	18.3%	2.9%	4.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.41	1.00	1.19
Avg	0.35	0.54	0.84
Low	0.23	0.08	0.23

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	186.4%	120.5%
Avg	-	54.5%	57.0%
Low	-	-77.5%	-58.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.