Veeco Instruments (VECO) Stock Forecast & Price Target

$37.37

-0.70 (-1.84%)

(As of 08/22/2024 ET)

Veeco Instruments - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Veeco Instruments in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 3 have given a hold rating, and 4 have given a buy rating for VECO.

Consensus Price Target

$45.57
21.95% Upside

High Forecast	$55.00
Average Forecast	$45.57
Low Forecast	$35.00

According to the 7 analysts' twelve-month price targets for Veeco Instruments, the average price target is $45.57. The highest price target for VECO is $55.00, while the lowest price target for VECO is $35.00. The average price target represents a forecasted upside of 21.95% from the current price of $37.37.

Type	Current Forecast 8/24/23 to 8/23/24	1 Month Ago 7/25/23 to 7/24/24	3 Months Ago 5/26/23 to 5/25/24	1 Year Ago 8/24/22 to 8/24/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$45.57	$43.14	$40.71	$31.60
Forecasted Upside	21.95% Upside	7.49% Upside	9.61% Upside	8.42% Upside

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VECO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

VECO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Veeco Instruments Stock vs. The Competition

Type	Veeco Instruments	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.57	2.62	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	21.95% Upside	369.50% Upside	9.27% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/8/2024	The Goldman Sachs Group 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$39.00 ➝ $35.00	-0.31%
8/7/2024	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$42.00 ➝ $42.00	+25.86%
8/7/2024	Northland Securities 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$53.00 ➝ $47.00	+42.73%
8/7/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$55.00 ➝ $55.00	+56.61%
7/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Malik Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$45.00 ➝ $50.00	+5.95%
6/27/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$45.00 ➝ $55.00	+20.01%
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5/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$33.00 ➝ $35.00	-12.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:09 AM ET.

VECO Forecast - Frequently Asked Questions

What is Veeco Instruments' forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Veeco Instruments is $45.57, with a high forecast of $55.00 and a low forecast of $35.00.
Should I buy or sell Veeco Instruments stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeco Instruments in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" VECO shares.
Does Veeco Instruments's stock price have much upside?: According to analysts, Veeco Instruments's stock has a predicted upside of 18.31% based on their 12-month stock forecasts.
Has Veeco Instruments been downgraded by Wall Street analysts recently?: Over the previous 90 days, Veeco Instruments's stock had 1 downgrade by analysts.
What analysts cover Veeco Instruments?: Veeco Instruments has been rated by research analysts at Benchmark, Citigroup, Needham & Company LLC, Northland Securities, Oppenheimer, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like Veeco Instruments more than its competitors?: Analysts like Veeco Instruments less than other "computer and technology" companies. The consensus rating score for Veeco Instruments is 2.57 while the average consensus rating score for "computer and technology" companies is 2.62. Learn more on how VECO compares to other companies.