Veris Residential, Inc. (VRE)
NYSE: VRE · IEX Real-Time Price · USD
14.54
-0.11 (-0.75%)
Apr 26, 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 17.33, with a low estimate of 14 and a high estimate of 19. The average target predicts an increase of 19.19% from the current stock price of 14.54.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for VRE stock from 3 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Hold Maintains $15 → $14 | Hold | Maintains | $15 → $14 | -3.71% | Apr 9, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $15 → $16 | Hold | Maintains | $15 → $16 | +10.04% | Aug 15, 2023 |
| Evercore ISI Group | Evercore ISI Group | Hold → Buy Upgrades $18 → $19 | Hold → Buy | Upgrades | $18 → $19 | +30.67% | Jul 27, 2023 |
| Truist Securities | Truist Securities | Hold Maintains $13 → $15 | Hold | Maintains | $13 → $15 | +3.16% | Jun 9, 2023 |
| Deutsche Bank | Deutsche Bank | Hold → Strong Buy Upgrades $15 → $19 | Hold → Strong Buy | Upgrades | $15 → $19 | +30.67% | May 16, 2023 |
Financial Forecast
Revenue This Year
289.29M
from 279.86M
Increased by 3.37%
Revenue Next Year
301.55M
from 289.29M
Increased by 4.24%
EPS This Year
-0.26
from -1.22
EPS Next Year
-0.24
from -0.26
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 313.9M | 326.8M | 324.5M | 349.2M | 357.0M |
| Avg | 289.3M | 301.6M | 311.1M | 335.9M | 343.4M |
| Low | 266.2M | 276.9M | 301.0M | 325.9M | 333.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.2% | 13.0% | 7.6% | 12.2% | 6.3% |
| Avg | 3.4% | 4.2% | 3.2% | 8.0% | 2.2% |
| Low | -4.9% | -4.3% | -0.2% | 4.7% | -0.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.13 | -0.12 | -0.37 |
| Avg | -0.26 | -0.24 | -0.35 |
| Low | -0.39 | -0.36 | -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.