Veracyte, Inc. (VCYT)
NASDAQ: VCYT · Real-Time Price · USD
39.73
+0.53 (1.34%)
Nov 21, 2024, 12:34 PM EST - Market open
Veracyte Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Veracyte stock have an average target of 40, with a low estimate of 28 and a high estimate of 46. The average target predicts an increase of 0.69% from the current stock price of 39.73.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Veracyte stock from 7 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 4 | 4 |
| Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 6 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Sell Maintains $26 → $28 | Sell | Maintains | $26 → $28 | -29.52% | Nov 18, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $40 → $44 | Buy | Maintains | $40 → $44 | +10.76% | Nov 8, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $34 → $38 | Strong Buy | Maintains | $34 → $38 | -4.34% | Nov 7, 2024 |
| UBS | UBS | Strong Buy Maintains $43 → $46 | Strong Buy | Maintains | $43 → $46 | +15.80% | Nov 7, 2024 |
| Needham | Needham | Strong Buy Maintains $37 → $44 | Strong Buy | Maintains | $37 → $44 | +10.76% | Nov 7, 2024 |
Financial Forecast
Revenue This Year
450.35M
from 361.05M
Increased by 24.73%
Revenue Next Year
495.93M
from 450.35M
Increased by 10.12%
EPS This Year
0.18
from -1.02
EPS Next Year
0.47
from 0.18
Increased by 164.24%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 466.9M | 527.4M | 596.8M |
| Avg | 450.4M | 495.9M | 551.2M |
| Low | 426.3M | 464.0M | 504.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 29.3% | 17.1% | 20.3% |
| Avg | 24.7% | 10.1% | 11.1% |
| Low | 18.1% | 3.0% | 1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.39 | 1.14 | 1.32 |
| Avg | 0.18 | 0.47 | 0.83 |
| Low | 0.01 | 0.12 | 0.38 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 538.6% | 179.4% |
| Avg | - | 164.2% | 75.3% |
| Low | - | -34.4% | -19.3% |
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.