Veeco Instruments Inc. (VECO)
NASDAQ: VECO · IEX Real-Time Price · USD
35.38
+0.79 (2.28%)
May 2, 2024, 3:50 PM EDT - Market open
Veeco Instruments Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Veeco Instruments stock have an average target of 34.88, with a low estimate of 28 and a high estimate of 43. The average target predicts a decrease of -1.41% from the current stock price of 35.38.
Analyst Consensus: Buy
* Price targets were last updated on Feb 21, 2024.
Analyst Ratings
The average analyst rating for VECO stock from 8 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 3 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $36 → $43 | Strong Buy | Maintains | $36 → $43 | +21.54% | Feb 21, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $34 → $40 | Strong Buy | Maintains | $34 → $40 | +13.06% | Feb 15, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $31 → $35 | Hold | Maintains | $31 → $35 | -1.07% | Feb 15, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $28 → $31 | Hold | Maintains | $28 → $31 | -12.38% | Jan 18, 2024 |
| Barclays | Barclays | Hold Maintains $28 → $33 | Hold | Maintains | $28 → $33 | -6.73% | Jan 16, 2024 |
Financial Forecast
Revenue This Year
730.47M
from 666.44M
Increased by 9.61%
Revenue Next Year
806.88M
from 730.47M
Increased by 10.46%
EPS This Year
1.81
from -0.56
EPS Next Year
2.15
from 1.81
Increased by 18.46%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 771.8M | 892.5M | 867.4M |
| Avg | 730.5M | 806.9M | 842.6M |
| Low | 695.8M | 730.1M | 809.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.8% | 22.2% | 7.5% |
| Avg | 9.6% | 10.5% | 4.4% |
| Low | 4.4% | -0.1% | 0.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.94 | 2.57 | 2.05 |
| Avg | 1.81 | 2.15 | 1.99 |
| Low | 1.71 | 1.81 | 1.91 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 42.0% | -4.6% |
| Avg | - | 18.5% | -7.3% |
| Low | - | 0.1% | -10.9% |
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.