Veris Residential, Inc. (VRE)
NYSE: VRE · IEX Real-Time Price · USD
15.11
+0.14 (0.94%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Veris Residential Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Veris Residential stock have an average target of 14.33, with a low estimate of 13 and a high estimate of 16. The average target predicts a decrease of -5.16% from the current stock price of 15.11.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for VRE stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 1 | 1 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $17 → $16 | Buy | Maintains | $17 → $16 | +5.89% | Jun 20, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $11 → $13 | Sell | Maintains | $11 → $13 | -13.96% | Jun 17, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $15 → $14 | Hold | Maintains | $15 → $14 | -7.35% | Apr 9, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $15 → $16 | Hold | Maintains | $15 → $16 | +5.89% | Aug 15, 2023 |
| Evercore ISI Group | Evercore ISI Group | Hold → Buy Upgrades $18 → $19 | Hold → Buy | Upgrades | $18 → $19 | +25.74% | Jul 27, 2023 |
Financial Forecast
Revenue This Year
271.99M
from 279.86M
Decreased by -2.81%
Revenue Next Year
277.99M
from 271.99M
Increased by 2.21%
EPS This Year
-0.29
from -1.22
EPS Next Year
-0.32
from -0.29
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 301.0M | 298.7M | 324.5M | 349.2M | 357.0M |
| Avg | 272.0M | 278.0M | 311.1M | 335.9M | 343.4M |
| Low | 247.6M | 263.9M | 301.0M | 325.9M | 333.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.6% | 9.8% | 16.7% | 12.2% | 6.3% |
| Avg | -2.8% | 2.2% | 11.9% | 8.0% | 2.2% |
| Low | -11.5% | -3.0% | 8.3% | 4.7% | -0.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.30 | -0.34 | -0.37 |
| Avg | -0.29 | -0.32 | -0.35 |
| Low | -0.28 | -0.31 | -0.34 |
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.