Veracyte, Inc. (VCYT)
NASDAQ: VCYT · IEX Real-Time Price · USD
19.90
+0.07 (0.35%)
Apr 24, 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 29, with a low estimate of 21 and a high estimate of 34. The average target predicts an increase of 45.73% from the current stock price of 19.90.
Analyst Consensus: Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 0 | 0 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $32 → $28 | Strong Buy | Maintains | $32 → $28 | +40.70% | Apr 15, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $22 → $21 | Sell | Maintains | $22 → $21 | +5.53% | Feb 26, 2024 |
| Needham | Needham | Strong Buy Maintains $30 → $33 | Strong Buy | Maintains | $30 → $33 | +65.83% | Feb 23, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $23 → $22 | Sell | Maintains | $23 → $22 | +10.55% | Nov 10, 2023 |
| Needham | Needham | Strong Buy Maintains $35 → $30 | Strong Buy | Maintains | $35 → $30 | +50.75% | Nov 8, 2023 |
Financial Forecast
Revenue This Year
405.80M
from 361.05M
Increased by 12.39%
Revenue Next Year
452.24M
from 405.80M
Increased by 11.44%
EPS This Year
-0.30
from -1.02
EPS Next Year
-0.00
from -0.30
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 420.7M | 473.8M | 541.7M |
| Avg | 405.8M | 452.2M | 501.0M |
| Low | 386.1M | 429.0M | 469.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.5% | 16.8% | 19.8% |
| Avg | 12.4% | 11.4% | 10.8% |
| Low | 6.9% | 5.7% | 3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.21 | 0.35 | 0.68 |
| Avg | -0.30 | -0.00 | 0.22 |
| Low | -0.35 | -0.27 | -0.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
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.