Veris Residential (VRE) Stock Forecast, Price Target & Predictions
VRE Stock Forecast
Veris Residential stock forecast is as follows: an average price target of $14.00 (represents a -22.18% downside from VRE’s last price of $17.99) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
VRE Price Target
The average price target for Veris Residential (VRE) is $14.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $14.00 to $14.00. This represents a potential -22.18% downside from VRE's last price of $17.99.
VRE Analyst Ratings
According to 2 Wall Street analysts, Veris Residential's rating consensus is 'Buy'. The analyst rating breakdown for VRE stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Veris Residential Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 24, 2024 | Michael Lewis | Truist Financial | $14.00 | $14.59 | -4.04% | -22.18% |
| May 20, 2024 | Michael Lewis | Truist Financial | $15.00 | $15.60 | -3.85% | -16.62% |
The latest Veris Residential stock forecast, released on Jun 24, 2024 by Michael Lewis from Truist Financial, set a price target of $14.00, which represents a -4.04% decrease from the stock price at the time of the forecast ($14.59), and a -22.18% decrease from VRE last price ($17.99).
Veris Residential Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $14.00 | $14.50 |
| Last Closing Price | $17.99 | $17.99 | $17.99 |
| Upside/Downside | -100.00% | -22.18% | -19.40% |
In the current month, the average price target of Veris Residential stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Veris Residential's last price of $17.99. 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 28, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jul 27, 2023 | Evercore ISI | - | Outperform | Upgrade |
| Nov 14, 2022 | Bank of America Securities | - | Neutral | Upgrade |
Veris Residential's last stock rating was published by Evercore ISI on Aug 28, 2024. The company gave VRE a "Outperform" rating, the same as its previous rate.
Veris Residential Financial Forecast
Veris Residential 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 | Jul 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $71.48M | $68.73M | $66.92M | $86.20M | $91.36M | - | $99.10M | - | $83.74M | $81.25M | $76.09M | $81.20M | $77.65M | $72.65M | $82.06M | $86.67M | $131.88M | $130.46M |
| Avg Forecast | $70.98M | $70.51M | $59.49M | $59.38M | $67.18M | $66.25M | $65.68M | $69.90M | $71.90M | $69.62M | $67.77M | $81.10M | $80.71M | $74.73M | $67.46M | $78.67M | $72.43M | $70.12M | $71.05M | $78.15M | $94.11M | $99.57M | $112.75M | $110.71M | $125.62M | $127.13M | $132.17M |
| High Forecast | $73.72M | $73.24M | $61.80M | $61.68M | $69.77M | $67.43M | $68.22M | $72.60M | $74.93M | $71.75M | $70.39M | $84.24M | $83.84M | $77.62M | $67.46M | $81.69M | $75.22M | $72.81M | $73.78M | $81.16M | $97.73M | $103.40M | $117.09M | $114.96M | $130.45M | $132.02M | $137.25M |
| Low Forecast | $66.39M | $65.96M | $55.65M | $55.55M | $62.84M | $65.09M | $61.44M | $65.38M | $68.86M | $66.97M | $63.39M | $75.86M | $75.50M | $69.91M | $67.46M | $75.33M | $69.36M | $67.14M | $68.03M | $74.83M | $90.12M | $95.34M | $107.97M | $106.00M | $120.29M | $121.73M | $126.55M |
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.03% | 1.01% | 0.83% | 1.07% | 1.22% | - | 1.26% | - | 1.19% | 1.14% | 0.97% | 0.86% | 0.78% | 0.64% | 0.74% | 0.69% | 1.04% | 0.99% |
Veris Residential's average Quarter revenue forecast for Dec 23 based on 2 analysts is $71.90M, with a low forecast of $68.86M, and a high forecast of $74.93M. VRE's average Quarter revenue forecast represents a 0.58% increase compared to the company's last Quarter revenue of $71.48M (Sep 23).
Veris Residential 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 | Jul 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | $25.73M | $-3.10M | $30.94M | $28.58M | $36.30M | - | $41.77M | $29.77M | $20.39M | $-36.17M | $52.34M | $108.75M | $10.14M | $13.72M | $15.34M | $-51.84M | $15.86M | $49.99M |
| Avg Forecast | $27.79M | $27.61M | $23.29M | $23.25M | $26.30M | $25.94M | $25.71M | $27.36M | $28.15M | $27.25M | $26.53M | $31.75M | $31.60M | $29.26M | $26.41M | $30.80M | $58.01M | $27.45M | $27.82M | $30.59M | $36.84M | $38.98M | $44.14M | $43.34M | $49.18M | $49.77M | $51.74M |
| High Forecast | $28.86M | $28.67M | $24.19M | $24.15M | $27.32M | $26.40M | $26.71M | $28.42M | $29.34M | $28.09M | $27.56M | $32.98M | $32.82M | $30.39M | $26.41M | $31.98M | $69.61M | $28.51M | $28.89M | $31.77M | $38.26M | $40.48M | $45.84M | $45.01M | $51.07M | $51.68M | $53.73M |
| Low Forecast | $25.99M | $25.82M | $21.79M | $21.75M | $24.60M | $25.48M | $24.05M | $25.60M | $26.96M | $26.22M | $24.82M | $29.70M | $29.56M | $27.37M | $26.41M | $29.49M | $46.41M | $26.28M | $26.63M | $29.30M | $35.28M | $37.32M | $42.27M | $41.50M | $47.09M | $47.66M | $49.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.94% | -0.12% | 0.97% | 0.90% | 1.24% | - | 1.36% | 0.51% | 0.74% | -1.30% | 1.71% | 2.95% | 0.26% | 0.31% | 0.35% | -1.05% | 0.32% | 0.97% |
2 analysts predict VRE's average Quarter EBITDA for Dec 23 to be $28.15M, with a high of $29.34M and a low of $26.96M. This is 9.41% upper than Veris Residential's previous annual EBITDA (Sep 23) of $25.73M.
Veris Residential 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 | Jul 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | $-54.81M | $-30.14M | $-24.42M | $19.35M | $-129.09M | - | $-13.94M | $-23.62M | $-28.31M | $-81.01M | $7.62M | $65.63M | $-42.21M | $-34.89M | $-39.92M | $-54.65M | $-55.93M | $-22.05M |
| Avg Forecast | - | - | - | - | $-10.00M | $-8.83M | $-6.63M | $-7.84M | $-11.55M | $-11.21M | $-12.23M | $-20.13M | $-16.67M | $-17.37M | $-13.33M | $-8.33M | $-12.49M | $-15.00M | $-21.90M | $-12.75M | $-4.62M | $-793.82K | $-4.95M | $-13.83M | $-12.88M | $13.92M | $-7.01M |
| High Forecast | - | - | - | - | $-9.16M | $-8.10M | $-6.07M | $-7.18M | $-10.50M | $-10.27M | $-11.21M | $-18.44M | $-15.27M | $-15.91M | $-13.33M | $-6.67M | $-9.99M | $-14.17M | $-20.69M | $-12.05M | $-4.36M | $-749.99K | $-4.67M | $-13.07M | $-12.17M | $14.62M | $-6.63M |
| Low Forecast | - | - | - | - | $-10.50M | $-9.57M | $-6.96M | $-8.24M | $-12.60M | $-11.78M | $-12.85M | $-21.14M | $-17.51M | $-18.25M | $-13.33M | $-10.00M | $-14.99M | $-15.75M | $-22.99M | $-13.39M | $-4.85M | $-833.51K | $-5.19M | $-14.53M | $-13.53M | $13.15M | $-7.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | 4.89% | 2.46% | 1.21% | -1.16% | 7.43% | - | 1.67% | 1.89% | 1.89% | 3.70% | -0.60% | -14.21% | 53.17% | 7.05% | 2.89% | 4.24% | -4.02% | 3.14% |
Veris Residential's average Quarter net income forecast for Mar 23 is $-20.13M, with a range of $-21.14M to $-18.44M. VRE's average Quarter net income forecast represents a -204.04% decrease compared to the company's last Quarter net income of $19.35M (Dec 22).
Veris Residential 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 | Jul 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | $14.62M | $9.58M | $10.29M | $12.25M | $12.86M | - | $19.48M | $688.00K | $11.29M | $18.07M | $13.99M | $11.64M | $28.95M | $17.24M | $15.82M | $16.90M | $12.59M | $16.97M |
| Avg Forecast | $12.72M | $12.64M | $10.66M | $10.64M | $12.04M | $11.87M | $11.77M | $12.53M | $12.89M | $12.48M | $12.14M | $14.53M | $14.46M | $13.39M | $12.09M | $14.10M | $756.80K | $12.57M | $12.73M | $14.01M | $16.87M | $17.84M | $20.21M | $19.84M | $22.51M | $22.78M | $23.69M |
| High Forecast | $13.21M | $13.13M | $11.07M | $11.05M | $12.50M | $12.08M | $12.23M | $13.01M | $13.43M | $12.86M | $12.61M | $15.10M | $15.02M | $13.91M | $12.09M | $14.64M | $908.16K | $13.05M | $13.22M | $14.54M | $17.51M | $18.53M | $20.98M | $20.60M | $23.38M | $23.66M | $24.60M |
| Low Forecast | $11.90M | $11.82M | $9.97M | $9.95M | $11.26M | $11.66M | $11.01M | $11.72M | $12.34M | $12.00M | $11.36M | $13.60M | $13.53M | $12.53M | $12.09M | $13.50M | $605.44K | $12.03M | $12.19M | $13.41M | $16.15M | $17.09M | $19.35M | $19.00M | $21.56M | $21.82M | $22.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.17% | 0.79% | 0.71% | 0.85% | 0.96% | - | 1.38% | 0.91% | 0.90% | 1.42% | 1.00% | 0.69% | 1.62% | 0.85% | 0.80% | 0.75% | 0.55% | 0.72% |
Veris Residential's average Quarter SG&A projection for Dec 23 is $12.89M, based on 2 Wall Street analysts, with a range of $12.34M to $13.43M. The forecast indicates a -11.87% fall compared to VRE last annual SG&A of $14.62M (Sep 23).
Veris Residential 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 | Jul 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | $-0.59 | $-0.33 | $-0.27 | $0.21 | $-1.42 | - | $-0.15 | $-0.26 | $-0.33 | $-0.81 | $0.06 | $0.72 | $-0.49 | $-0.41 | $-0.47 | $-0.64 | $-0.65 | $-0.24 |
| Avg Forecast | - | - | - | - | $-0.10 | $-0.09 | $-0.07 | $-0.08 | $-0.11 | $-0.11 | $-0.12 | $-0.20 | $-0.16 | $-0.17 | $-0.13 | $-0.11 | $-0.11 | $-0.16 | $-0.24 | $-0.14 | $-0.05 | $-0.01 | $-0.05 | $-0.15 | $-0.14 | $0.15 | $-0.08 |
| High Forecast | - | - | - | - | $-0.09 | $-0.08 | $-0.06 | $-0.07 | $-0.10 | $-0.10 | $-0.11 | $-0.18 | $-0.15 | $-0.16 | $-0.13 | $-0.11 | $-0.10 | $-0.15 | $-0.22 | $-0.13 | $-0.05 | $-0.01 | $-0.05 | $-0.14 | $-0.13 | $0.16 | $-0.07 |
| Low Forecast | - | - | - | - | $-0.10 | $-0.09 | $-0.07 | $-0.08 | $-0.12 | $-0.12 | $-0.13 | $-0.21 | $-0.17 | $-0.18 | $-0.13 | $-0.12 | $-0.11 | $-0.17 | $-0.25 | $-0.15 | $-0.05 | $-0.01 | $-0.06 | $-0.16 | $-0.15 | $0.14 | $-0.08 |
| Surprise % | - | - | - | - | - | - | - | - | - | 5.36% | 2.75% | 1.37% | -1.28% | 8.33% | - | 1.34% | 2.41% | 2.03% | 3.41% | -0.43% | -14.37% | 56.94% | 7.65% | 3.13% | 4.58% | -4.31% | 3.20% |
According to 2 Wall Street analysts, Veris Residential's projected average Quarter EPS for Mar 23 is $-0.20, with a low estimate of $-0.21 and a high estimate of $-0.18. This represents a -194.01% decrease compared to VRE previous annual EPS of $0.21 (Dec 22).
Veris Residential Peer Comparison by Price Target
VRE Forecast FAQ
Is Veris Residential a good buy?
Yes, according to 2 Wall Street analysts, Veris Residential (VRE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of VRE's total ratings.
What is VRE's price target?
Veris Residential (VRE) average price target is $14 with a range of $14 to $14, implying a -22.18% from its last price of $17.99. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Veris Residential stock go up soon?
According to Wall Street analysts' prediction for VRE stock, the company can go down by -22.18% (from the last price of $17.99 to the average price target of $14), down by -22.18% based on the highest stock price target, and down by -22.18% based on the lowest stock price target.
Can Veris Residential stock reach $30?
VRE's average twelve months analyst stock price target of $14 does not support the claim that Veris Residential can reach $30 in the near future.
What are Veris Residential's analysts' financial forecasts?
Veris Residential's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $269.01M (high $278.02M, low $254.75M), average EBITDA is $105.31M (high $108.84M, low $99.73M), average net income is $-33.301M (high $-30.51M, low $-35.267M), average SG&A $48.21M (high $49.82M, low $45.65M), and average EPS is $-0.327 (high $-0.299, low $-0.346). VRE's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $260.37M (high $270.44M, low $243.55M), average EBITDA is $101.93M (high $105.87M, low $95.35M), average net income is $0 (high $0, low $0), average SG&A $46.66M (high $48.47M, low $43.65M), and average EPS is $0 (high $0, low $0).
Did the VRE's actual financial results beat the analysts' financial forecasts?
Based on Veris Residential's last annual report (Dec 2022), the company's revenue was $355.02M, beating the average analysts forecast of $301.57M by 17.72%. Apple's EBITDA was $139.44M, beating the average prediction of $118.06M by 18.11%. The company's net income was $-112M, beating the average estimation of $-55.709M by 101.36%. Apple's SG&A was $56.17M, beating the average forecast of $54.05M by 3.93%. Lastly, the company's EPS was $-1.23, beating the average prediction of $-0.577 by 112.99%. In terms of the last quarterly report (Sep 2023), Veris Residential's revenue was $71.48M, beating the average analysts' forecast of $69.62M by 2.68%. The company's EBITDA was $25.73M, missing the average prediction of $27.25M by -5.61%. Veris Residential's net income was $-54.807M, beating the average estimation of $-11.215M by 388.71%. The company's SG&A was $14.62M, beating the average forecast of $12.48M by 17.18%. Lastly, the company's EPS was $-0.59, beating the average prediction of $-0.11 by 436.36%