Veris Residential, Inc. (VRE)
NYSE: VRE · Real-Time Price · USD
16.41
+0.03 (0.18%)
Dec 20, 2024, 4:00 PM EST - Market closed
Veris Residential Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Veris Residential stock have an average target of 18.25, with a low estimate of 14 and a high estimate of 23. The average target predicts an increase of 11.21% from the current stock price of 16.41.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for VRE 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 2 |
| Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Sell → Hold Upgrades $14 → $17 | Sell → Hold | Upgrades | $14 → $17 | +3.60% | Dec 17, 2024 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $20 → $23 | Hold → Strong Buy | Upgrades | $20 → $23 | +40.16% | Nov 12, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $13 → $14 | Sell | Maintains | $13 → $14 | -14.69% | Sep 16, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $17 → $19 | Buy | Maintains | $17 → $19 | +15.78% | Aug 28, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $15 → $14 | Hold | Maintains | $15 → $14 | -14.69% | Jun 24, 2024 |
Financial Forecast
Revenue This Year
268.09M
Revenue Next Year
280.16M
from 268.09M
Increased by 4.50%
EPS This Year
-0.21
from -1.22
EPS Next Year
-0.29
from -0.21
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 285.4M | 298.2M | 305.2M | |||
| Avg | 268.1M | 280.2M | 291.7M | |||
| Low | 242.5M | 264.1M | 281.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | 11.2% | 8.9% | |||
| Avg | - | 4.5% | 4.1% | |||
| Low | - | -1.5% | 0.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.22 | -0.27 | -0.23 |
| Avg | -0.21 | -0.29 | -0.22 |
| Low | -0.21 | -0.30 | -0.22 |
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.