Veeco Instruments (VECO) Stock Forecast, Price Target & Predictions
VECO Stock Forecast
Veeco Instruments stock forecast is as follows: an average price target of $34.33 (represents a 9.86% upside from VECO’s last price of $31.25) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
VECO Price Target
The average price target for Veeco Instruments (VECO) is $34.33 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $24.00. This represents a potential 9.86% upside from VECO's last price of $31.25.
VECO Analyst Ratings
According to 5 Wall Street analysts, Veeco Instruments's rating consensus is 'Buy'. The analyst rating breakdown for VECO stock is 0 'Strong Buy' (0.00%), 3 'Buy' (60.00%), 2 'Hold' (40.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Veeco Instruments Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 27, 2024 | Rich Schafer | Oppenheimer | $55.00 | $47.71 | 15.28% | 76.00% |
| May 15, 2024 | Rich Schafer | Oppenheimer | $45.00 | $39.97 | 12.58% | 44.00% |
| Sep 28, 2022 | - | Barclays | $24.00 | $18.88 | 27.12% | -23.20% |
| Aug 09, 2022 | - | Goldman Sachs | $24.00 | $20.34 | 18.01% | -23.20% |
| Jul 25, 2022 | - | Barclays | $26.00 | $20.74 | 25.36% | -16.80% |
| May 11, 2022 | - | Goldman Sachs | $28.00 | $21.03 | 33.14% | -10.40% |
The latest Veeco Instruments stock forecast, released on Jun 27, 2024 by Rich Schafer from Oppenheimer, set a price target of $55.00, which represents a 15.28% increase from the stock price at the time of the forecast ($47.71), and a 76.00% increase from VECO last price ($31.25).
Veeco Instruments Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $55.00 | $50.00 |
| Last Closing Price | $31.25 | $31.25 | $31.25 |
| Upside/Downside | -100.00% | 76.00% | 60.00% |
In the current month, the average price target of Veeco Instruments stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Veeco Instruments's last price of $31.25. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 07, 2024 | Oppenheimer | Buy | Buy | Hold |
| Jul 15, 2024 | Citigroup | - | Neutral | Downgrade |
| Jun 26, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| May 15, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Jan 18, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Jan 13, 2023 | Benchmark | Buy | Buy | Hold |
| Nov 01, 2022 | Oppenheimer | Outperform | Outperform | Hold |
| Sep 28, 2022 | Barclays | Overweight | Overweight | Hold |
| Aug 09, 2022 | Goldman Sachs | Neutral | Neutral | Hold |
| Jul 25, 2022 | Barclays | Overweight | Overweight | Hold |
Veeco Instruments's last stock rating was published by Oppenheimer on Aug 07, 2024. The company gave VECO a "Buy" rating, the same as its previous rate.
Veeco Instruments Financial Forecast
Veeco Instruments Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $177.37M | $161.64M | $153.50M | $153.80M | $171.91M | $164.00M | $156.43M | $152.97M | $150.25M | $146.34M | $133.71M | $138.95M | $112.08M | $98.64M | $104.50M | $113.20M | $108.95M | $97.82M | $99.37M | $158.57M | $94.39M |
| Avg Forecast | $211.25M | $205.75M | $196.17M | $184.14M | $183.53M | $180.57M | $176.03M | $170.64M | $169.13M | $168.15M | $157.89M | $142.28M | $161.45M | $170.79M | $160.91M | $154.95M | $150.97M | $146.07M | $135.76M | $125.68M | $129.39M | $111.64M | $97.83M | $103.41M | $111.08M | $104.37M | $101.43M | $99.25M | $47.58M | $73.50M |
| High Forecast | $214.14M | $208.57M | $198.86M | $186.66M | $186.04M | $183.04M | $178.44M | $172.97M | $171.44M | $172.27M | $160.05M | $144.23M | $163.66M | $173.12M | $162.01M | $156.02M | $152.01M | $147.07M | $136.69M | $126.54M | $130.28M | $112.40M | $98.50M | $104.12M | $111.84M | $105.09M | $102.12M | $99.93M | $57.10M | $88.20M |
| Low Forecast | $210.63M | $205.15M | $195.60M | $183.60M | $182.99M | $180.04M | $175.51M | $170.14M | $168.63M | $165.26M | $157.43M | $141.86M | $160.98M | $170.29M | $160.67M | $154.73M | $150.75M | $145.85M | $135.56M | $125.50M | $129.20M | $111.47M | $97.69M | $103.26M | $110.91M | $104.22M | $101.28M | $99.11M | $38.06M | $58.80M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 17 | 15 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.05% | 1.02% | 1.08% | 0.95% | 1.01% | 1.02% | 1.01% | 1.01% | 1.03% | 1.08% | 1.06% | 1.07% | 1.00% | 1.01% | 1.01% | 1.02% | 1.04% | 0.96% | 1.00% | 3.33% | 1.28% |
Veeco Instruments's average Quarter revenue forecast for Dec 23 based on 1 analysts is $169.13M, with a low forecast of $168.63M, and a high forecast of $171.44M. VECO's average Quarter revenue forecast represents a -4.65% decrease compared to the company's last Quarter revenue of $177.37M (Sep 23).
Veeco Instruments EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 17 | 15 |
| EBITDA | - | - | - | - | - | - | - | - | - | $22.26M | $13.69M | $11.92M | $15.90M | $24.49M | $19.55M | $22.85M | $20.91M | $22.96M | $19.85M | $16.37M | $13.58M | $14.87M | $5.44M | $13.09M | $-18.35M | $2.38M | $-1.41M | $-4.10M | $6.92M | $747.00K |
| Avg Forecast | $19.00M | $18.51M | $17.64M | $16.56M | $16.51M | $16.24M | $15.83M | $25.74M | $15.21M | $15.12M | $14.20M | $23.40M | $14.52M | $21.64M | $14.47M | $21.27M | $13.58M | $13.14M | $12.21M | $14.95M | $11.64M | $10.04M | $8.80M | $19.64M | $9.99M | $9.39M | $9.12M | $-5.47M | $9.22M | $533.57K |
| High Forecast | $19.26M | $18.76M | $17.89M | $16.79M | $16.73M | $16.46M | $16.05M | $30.88M | $15.42M | $15.49M | $14.40M | $28.08M | $14.72M | $25.97M | $14.57M | $25.52M | $13.67M | $13.23M | $12.29M | $17.94M | $11.72M | $10.11M | $8.86M | $23.56M | $10.06M | $9.45M | $9.19M | $-4.37M | $11.06M | $640.28K |
| Low Forecast | $18.94M | $18.45M | $17.59M | $16.51M | $16.46M | $16.19M | $15.79M | $20.59M | $15.17M | $14.86M | $14.16M | $18.72M | $14.48M | $17.32M | $14.45M | $17.02M | $13.56M | $13.12M | $12.19M | $11.96M | $11.62M | $10.03M | $8.79M | $15.71M | $9.98M | $9.37M | $9.11M | $-6.56M | $7.38M | $426.86K |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.47% | 0.96% | 0.51% | 1.09% | 1.13% | 1.35% | 1.07% | 1.54% | 1.75% | 1.63% | 1.10% | 1.17% | 1.48% | 0.62% | 0.67% | -1.84% | 0.25% | -0.15% | 0.75% | 0.75% | 1.40% |
1 analysts predict VECO's average Quarter EBITDA for Dec 23 to be $15.21M, with a high of $15.42M and a low of $15.17M. This is -31.67% lower than Veeco Instruments's previous annual EBITDA (Sep 23) of $22.26M.
Veeco Instruments Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 17 | 15 |
| Net Income | - | - | - | - | - | - | - | - | - | $24.57M | $-85.32M | $8.74M | $128.91M | $15.04M | $9.65M | $13.33M | $8.20M | $8.99M | $6.35M | $2.49M | $-101.00K | $580.00K | $-8.30M | $-567.00K | $-32.87M | $-11.77M | $-15.56M | $-18.53M | $-15.83M | $1.09M |
| Avg Forecast | $36.40M | $34.64M | $32.50M | $28.62M | $28.90M | $28.20M | $26.97M | $15.02M | $26.37M | $22.86M | $18.76M | $13.65M | $20.12M | $8.48M | $18.27M | $12.41M | $22.93M | $21.78M | $16.68M | $2.28M | $19.91M | $12.51M | $4.38M | $-850.50K | $5.16M | $-625.35K | $-5.78M | $-24.71M | $-21.10M | $782.14K |
| High Forecast | $37.04M | $35.26M | $33.07M | $29.13M | $29.42M | $28.70M | $27.45M | $18.02M | $26.84M | $24.10M | $19.09M | $16.38M | $20.48M | $10.17M | $18.43M | $14.89M | $23.13M | $21.98M | $16.83M | $2.73M | $20.08M | $12.62M | $4.42M | $-680.40K | $5.21M | $-624.15K | $-5.77M | $-19.77M | $-16.88M | $938.57K |
| Low Forecast | $36.26M | $34.51M | $32.37M | $28.51M | $28.79M | $27.57M | $26.86M | $12.01M | $25.76M | $21.62M | $18.69M | $10.92M | $20.05M | $6.78M | $18.24M | $9.93M | $22.89M | $21.74M | $16.64M | $1.82M | $19.87M | $12.48M | $4.37M | $-1.02M | $5.15M | $-630.92K | $-5.84M | $-29.65M | $-25.32M | $625.71K |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.07% | -4.55% | 0.64% | 6.41% | 1.77% | 0.53% | 1.07% | 0.36% | 0.41% | 0.38% | 1.10% | -0.01% | 0.05% | -1.90% | 0.67% | -6.37% | 18.82% | 2.69% | 0.75% | 0.75% | 1.40% |
Veeco Instruments's average Quarter net income forecast for Dec 23 is $26.37M, with a range of $25.76M to $26.84M. VECO's average Quarter net income forecast represents a 7.30% increase compared to the company's last Quarter net income of $24.57M (Sep 23).
Veeco Instruments SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 17 | 15 |
| SG&A | - | - | - | - | - | - | - | - | - | $22.81M | $23.82M | $22.63M | $20.96M | $22.14M | $22.95M | $22.89M | $21.21M | $21.60M | $21.47M | $20.25M | $20.71M | $19.41M | $17.82M | $18.30M | $19.13M | $20.96M | $19.76M | $19.90M | $26.38M | $20.47M |
| Avg Forecast | $32.88M | $32.02M | $30.53M | $28.66M | $28.56M | $28.10M | $27.40M | $25.79M | $26.32M | $26.17M | $24.57M | $23.45M | $25.13M | $20.37M | $25.04M | $21.32M | $23.50M | $22.73M | $21.13M | $18.49M | $20.14M | $17.38M | $15.23M | $27.46M | $17.29M | $16.24M | $15.79M | $26.54M | $35.18M | $14.62M |
| High Forecast | $33.33M | $32.46M | $30.95M | $29.05M | $28.95M | $28.49M | $27.77M | $30.95M | $26.68M | $26.81M | $24.91M | $28.14M | $25.47M | $24.44M | $25.22M | $25.58M | $23.66M | $22.89M | $21.27M | $22.19M | $20.28M | $17.49M | $15.33M | $32.95M | $17.41M | $16.36M | $15.89M | $31.84M | $42.21M | $17.54M |
| Low Forecast | $32.78M | $31.93M | $30.44M | $28.58M | $28.48M | $28.02M | $27.32M | $20.63M | $26.25M | $25.72M | $24.50M | $18.76M | $25.05M | $16.29M | $25.01M | $17.05M | $23.46M | $22.70M | $21.10M | $14.79M | $20.11M | $17.35M | $15.20M | $21.96M | $17.26M | $16.22M | $15.76M | $21.23M | $28.14M | $11.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.87% | 0.97% | 0.97% | 0.83% | 1.09% | 0.92% | 1.07% | 0.90% | 0.95% | 1.02% | 1.10% | 1.03% | 1.12% | 1.17% | 0.67% | 1.11% | 1.29% | 1.25% | 0.75% | 0.75% | 1.40% |
Veeco Instruments's average Quarter SG&A projection for Dec 23 is $26.32M, based on 1 Wall Street analysts, with a range of $26.25M to $26.68M. The forecast indicates a 15.38% rise compared to VECO last annual SG&A of $22.81M (Sep 23).
Veeco Instruments EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 17 | 15 |
| EPS | - | - | - | - | - | - | - | - | - | $0.44 | $-1.61 | $0.17 | $2.58 | $0.30 | $0.19 | $0.27 | $0.17 | $0.18 | $0.13 | $0.05 | $-0.00 | $0.01 | $-0.17 | $-0.01 | $-0.69 | $-0.25 | $-0.33 | $-0.40 | $-0.34 | $0.03 |
| Avg Forecast | $0.58 | $0.55 | $0.52 | $0.46 | $0.46 | $0.45 | $0.43 | $0.41 | $0.42 | $0.37 | $0.30 | $0.20 | $0.32 | $0.41 | $0.29 | $0.35 | $0.37 | $0.35 | $0.27 | $0.23 | $0.32 | $0.20 | $0.07 | $0.06 | $0.08 | $-0.01 | $-0.09 | $-0.21 | $0.08 | $0.05 |
| High Forecast | $0.59 | $0.56 | $0.53 | $0.47 | $0.47 | $0.46 | $0.44 | $0.42 | $0.43 | $0.39 | $0.31 | $0.21 | $0.33 | $0.42 | $0.29 | $0.36 | $0.37 | $0.35 | $0.27 | $0.23 | $0.32 | $0.20 | $0.07 | $0.06 | $0.08 | $-0.01 | $-0.09 | $-0.21 | $0.10 | $0.06 |
| Low Forecast | $0.58 | $0.55 | $0.52 | $0.46 | $0.46 | $0.44 | $0.43 | $0.41 | $0.41 | $0.35 | $0.30 | $0.20 | $0.32 | $0.41 | $0.29 | $0.35 | $0.37 | $0.35 | $0.27 | $0.23 | $0.32 | $0.20 | $0.07 | $0.06 | $0.08 | $-0.01 | $-0.09 | $-0.21 | $0.06 | $0.04 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.20% | -5.37% | 0.84% | 8.02% | 0.73% | 0.65% | 0.76% | 0.46% | 0.52% | 0.49% | 0.22% | -0.01% | 0.05% | -2.43% | -0.17% | -8.36% | 25.00% | 3.57% | 1.88% | -4.25% | 0.60% |
According to 1 Wall Street analysts, Veeco Instruments's projected average Quarter EPS for Dec 23 is $0.42, with a low estimate of $0.41 and a high estimate of $0.43. This represents a -4.17% decrease compared to VECO previous annual EPS of $0.44 (Sep 23).
VECO Forecast FAQ
Is Veeco Instruments a good buy?
Yes, according to 5 Wall Street analysts, Veeco Instruments (VECO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 60.00% of VECO's total ratings.
What is VECO's price target?
Veeco Instruments (VECO) average price target is $34.33 with a range of $24 to $55, implying a 9.86% from its last price of $31.25. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Veeco Instruments stock go up soon?
According to Wall Street analysts' prediction for VECO stock, the company can go up by 9.86% (from the last price of $31.25 to the average price target of $34.33), up by 76.00% based on the highest stock price target, and down by -23.20% based on the lowest stock price target.
Can Veeco Instruments stock reach $50?
VECO's highest twelve months analyst stock price target of $55 supports the claim that Veeco Instruments can reach $50 in the near future.
What are Veeco Instruments's analysts' financial forecasts?
Veeco Instruments's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $710.77M (high $720.49M, low $708.68M), average EBITDA is $74.32M (high $80.13M, low $69.03M), average net income is $99.08M (high $103.58M, low $95.24M), average SG&A $109.86M (high $116.17M, low $104.45M), and average EPS is $1.75 (high $1.78, low $1.74). VECO's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $797.32M (high $808.22M, low $794.98M), average EBITDA is $71.71M (high $72.69M, low $71.5M), average net income is $132.16M (high $134.51M, low $131.65M), average SG&A $124.09M (high $125.79M, low $123.73M), and average EPS is $2.11 (high $2.15, low $2.11).
Did the VECO's actual financial results beat the analysts' financial forecasts?
Based on Veeco Instruments's last annual report (Dec 2022), the company's revenue was $646.14M, which missed the average analysts forecast of $648.1M by -0.30%. Apple's EBITDA was $70.31M, missing the average prediction of $71.91M by -2.22%. The company's net income was $166.94M, beating the average estimation of $59.28M by 181.60%. Apple's SG&A was $88.95M, missing the average forecast of $91.86M by -3.16%. Lastly, the company's EPS was $3.45, beating the average prediction of $1.38 by 150.51%. In terms of the last quarterly report (Sep 2023), Veeco Instruments's revenue was $177.37M, beating the average analysts' forecast of $168.15M by 5.48%. The company's EBITDA was $22.26M, beating the average prediction of $15.12M by 47.21%. Veeco Instruments's net income was $24.57M, beating the average estimation of $22.86M by 7.50%. The company's SG&A was $22.81M, missing the average forecast of $26.17M by -12.83%. Lastly, the company's EPS was $0.44, beating the average prediction of $0.366 by 20.36%