Veeco Instruments Inc. (VECO)
NASDAQ: VECO · Real-Time Price · USD
28.70
-0.09 (-0.31%)
Nov 4, 2024, 4:00 PM EST - Market closed
Veeco Instruments Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Veeco Instruments stock have an average target of 45.57, with a low estimate of 35 and a high estimate of 55. The average target predicts an increase of 58.78% from the current stock price of 28.70.
Analyst Consensus: Buy
* Price targets were last updated on Aug 8, 2024.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Hold | 3 | 3 | 4 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Hold Maintains $39 → $35 | Hold | Maintains | $39 → $35 | +21.95% | Aug 8, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $42 | Strong Buy | Reiterates | $42 | +46.34% | Aug 7, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Maintains $53 → $47 | Buy | Maintains | $53 → $47 | +63.76% | Aug 7, 2024 |
| Needham | Needham | Strong Buy Reiterates $55 | Strong Buy | Reiterates | $55 | +91.64% | Aug 7, 2024 |
| Citigroup | Citigroup | Strong Buy → Hold Downgrades $45 → $50 | Strong Buy → Hold | Downgrades | $45 → $50 | +74.22% | Jul 15, 2024 |
Financial Forecast
Revenue This Year
727.99M
from 666.44M
Increased by 9.24%
Revenue Next Year
800.51M
from 727.99M
Increased by 9.96%
EPS This Year
1.81
from -0.56
EPS Next Year
2.10
from 1.81
Increased by 15.86%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 757.4M | 866.3M | 905.1M |
| Avg | 728.0M | 800.5M | 868.0M |
| Low | 695.8M | 717.4M | 823.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.7% | 19.0% | 13.1% |
| Avg | 9.2% | 10.0% | 8.4% |
| Low | 4.4% | -1.5% | 2.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.92 | 2.27 | 2.63 |
| Avg | 1.81 | 2.10 | 2.39 |
| Low | 1.71 | 1.72 | 2.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 25.3% | 25.2% |
| Avg | - | 15.9% | 14.1% |
| Low | - | -4.9% | 2.4% |
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.