Veeco Instruments Inc. (VECO)
NASDAQ: VECO · IEX Real-Time Price · USD
40.13
-1.16 (-2.81%)
At close: Jul 19, 2024, 4:00 PM
42.00
+1.87 (4.66%)
Pre-market: Jul 22, 2024, 7:00 AM EDT
Veeco Instruments Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Veeco Instruments stock have an average target of 41.86, with a low estimate of 28 and a high estimate of 55. The average target predicts an increase of 4.31% from the current stock price of 40.13.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for VECO 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Buy | 2 | 2 | 2 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 3 | 3 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy → Hold Downgrades $45 → $50 | Strong Buy → Hold | Downgrades | $45 → $50 | +24.60% | Jul 15, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $45 → $55 | Buy | Maintains | $45 → $55 | +37.05% | Jun 27, 2024 |
| Oppenheimer | Oppenheimer | Buy Reiterates $40 → $45 | Buy | Reiterates | $40 → $45 | +12.14% | May 15, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $35 → $39 | Hold | Maintains | $35 → $39 | -2.82% | May 9, 2024 |
| Barclays | Barclays | Hold Maintains $33 → $35 | Hold | Maintains | $33 → $35 | -12.78% | May 8, 2024 |
Financial Forecast
Revenue This Year
733.86M
from 666.44M
Increased by 10.12%
Revenue Next Year
808.17M
from 733.86M
Increased by 10.13%
EPS This Year
1.84
from -0.56
EPS Next Year
2.16
from 1.84
Increased by 17.35%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 774.4M | 892.5M | 869.6M |
| Avg | 733.9M | 808.2M | 844.8M |
| Low | 695.8M | 730.1M | 811.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.2% | 21.6% | 7.6% |
| Avg | 10.1% | 10.1% | 4.5% |
| Low | 4.4% | -0.5% | 0.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.98 | 2.52 | 2.26 |
| Avg | 1.84 | 2.16 | 2.19 |
| Low | 1.71 | 1.86 | 2.11 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 36.7% | 4.4% |
| Avg | - | 17.4% | 1.4% |
| Low | - | 1.0% | -2.6% |
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.