Veracyte, Inc. (VCYT)
NASDAQ: VCYT · Real-Time Price · USD
34.98
+0.67 (1.95%)
Nov 4, 2024, 4:00 PM EST - Market closed
Veracyte Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Veracyte stock have an average target of 35.67, with a low estimate of 26 and a high estimate of 43. The average target predicts an increase of 1.97% from the current stock price of 34.98.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Veracyte stock from 6 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 4 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 | 4 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Leerink Partners | Leerink Partners | Buy Maintains $35 → $40 | Buy | Maintains | $35 → $40 | +14.35% | Oct 17, 2024 |
| UBS | UBS | Strong Buy Initiates $43 | Strong Buy | Initiates | $43 | +22.93% | Oct 16, 2024 |
| Guggenheim | Guggenheim | Strong Buy Initiates $40 | Strong Buy | Initiates | $40 | +14.35% | Oct 10, 2024 |
| Needham | Needham | Strong Buy Maintains $31 → $37 | Strong Buy | Maintains | $31 → $37 | +5.77% | Aug 28, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $21 → $26 | Sell | Maintains | $21 → $26 | -25.67% | Aug 12, 2024 |
Financial Forecast
Revenue This Year
444.83M
from 361.05M
Increased by 23.20%
Revenue Next Year
490.48M
from 444.83M
Increased by 10.26%
EPS This Year
0.15
from -1.02
EPS Next Year
0.37
from 0.15
Increased by 141.50%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 459.8M | 520.0M | 590.6M |
| Avg | 444.8M | 490.5M | 540.6M |
| Low | 425.5M | 463.6M | 504.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 27.4% | 16.9% | 20.4% |
| Avg | 23.2% | 10.3% | 10.2% |
| Low | 17.9% | 4.2% | 2.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.30 | 0.65 | 1.01 |
| Avg | 0.15 | 0.37 | 0.68 |
| Low | 0.01 | 0.12 | 0.38 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 321.5% | 170.2% |
| Avg | - | 141.5% | 82.7% |
| Low | - | -23.9% | 2.5% |
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.