Veracyte, Inc. (VCYT)
NASDAQ: VCYT · IEX Real-Time Price · USD
21.26
-0.07 (-0.33%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Veracyte Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Veracyte stock have an average target of 27.5, with a low estimate of 21 and a high estimate of 34. The average target predicts an increase of 29.35% from the current stock price of 21.26.
Analyst Consensus: Buy
* Price targets were last updated on May 8, 2024.
Analyst Ratings
The average analyst rating for Veracyte stock from 4 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 0 | 0 | 0 | 0 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Maintains $33 → $27 | Strong Buy | Maintains | $33 → $27 | +27.00% | May 8, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $32 → $28 | Strong Buy | Maintains | $32 → $28 | +31.70% | Apr 15, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $22 → $21 | Sell | Maintains | $22 → $21 | -1.22% | Feb 26, 2024 |
| Needham | Needham | Strong Buy Maintains $30 → $33 | Strong Buy | Maintains | $30 → $33 | +55.22% | Feb 23, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $23 → $22 | Sell | Maintains | $23 → $22 | +3.48% | Nov 10, 2023 |
Financial Forecast
Revenue This Year
413.71M
from 361.05M
Increased by 14.58%
Revenue Next Year
457.45M
from 413.71M
Increased by 10.57%
EPS This Year
-0.07
from -1.02
EPS Next Year
0.10
from -0.07
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 427.4M | 479.8M | 542.8M |
| Avg | 413.7M | 457.5M | 502.8M |
| Low | 394.6M | 432.3M | 472.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 18.4% | 16.0% | 18.7% |
| Avg | 14.6% | 10.6% | 9.9% |
| Low | 9.3% | 4.5% | 3.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.08 | 0.45 | 0.37 |
| Avg | -0.07 | 0.10 | 0.32 |
| Low | -0.20 | -0.03 | 0.28 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 255.7% |
| Avg | - | - | 213.5% |
| Low | - | - | 175.1% |
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.