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Veris Residential (VRE) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

VRE Stock Forecast

Veris Residential (VRE) stock forecast, based on 2 Wall Street analysts, predicts a 12-month average price target of $14.00, with a high of $14.00 and a low of $14.00. This represents a -10.77% decline from the last price of $15.69.

$14 $15 $16 $17 $18 $19 High: $14 Avg: $14 Low: $14 Last Closed Price: $15.69

VRE Stock Rating

Veris Residential stock's rating consensus is Buy, based on 2 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 2 Buy (100.00%), 0 Hold (0.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 2 0 2 Strong Sell Sell Hold Buy Strong Buy

VRE Forecast vs Benchmarks

TypeNameUpside
StockVeris Residential-10.77%
SectorReal Estate Stocks 14.90%
IndustryResidential REIT Stocks 15.20%

Price Target Trends

1M3M12M
# Anlaysts--2
Avg Price Target--$14.50
Last Closing Price$15.69$15.69$15.69
Upside/Downside---7.58%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25-33--6
Dec, 24-33-17
Nov, 24133119
Oct, 24123118
Sep, 24123118
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jun 24, 2024Michael LewisTruist Financial$14.00$14.59-4.04%-10.77%
May 20, 2024Michael LewisTruist Financial$15.00$15.60-3.85%-4.40%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Nov 12, 2024Bank of America SecuritiesNeutralBuyupgrade
Aug 28, 2024Evercore ISIOutperformOutperformhold
Jul 27, 2023Evercore ISIOutperformupgrade
Nov 14, 2022Bank of America SecuritiesNeutralupgrade

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-1.32$-1.96$-1.12$-1.06-----
Avg Forecast$-1.27$-1.02$-0.49$-0.96$-0.20$-0.28$-0.21--
High Forecast$-1.29$-1.04$-0.50$-0.98$-0.20$-0.30$-0.21--
Low Forecast$-1.22$-0.98$-0.47$-0.94$-0.19$-0.25$-0.21--
Surprise %3.94%92.16%128.57%10.42%-----

Revenue Forecast

$250M $280M $310M $340M $370M $400M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$313.56M$329.32M$355.02M$279.86M-----
Avg Forecast$357.86M$280.33M$292.65M$273.64M$265.40M$277.49M$256.13M$301.25M$310.07M
High Forecast$347.46M$272.18M$284.09M$270.63M$265.23M$275.69M$252.12M$296.53M$305.21M
Low Forecast$362.65M$284.08M$297.87M$276.65M$265.57M$279.28M$258.66M$304.22M$313.12M
Surprise %-12.38%17.48%21.31%2.27%-----

Net Income Forecast

$-200M $-160M $-120M $-80M $-40M $0 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-132.24M$-195.45M$-112.18M$-107.27M-----
Avg Forecast$-116.37M$-93.98M$-49.58M$-96.81M$-20.14M$-27.78M$-21.06M--
High Forecast$-118.39M$-95.62M$-50.72M$-98.63M$-20.64M$-30.10M$-21.41M--
Low Forecast$-111.97M$-90.43M$-47.69M$-94.98M$-19.64M$-25.47M$-20.70M--
Surprise %13.63%107.97%126.28%10.80%-----

VRE Forecast FAQ

Is Veris Residential stock a buy?

Veris Residential stock has a consensus rating of Buy, based on 2 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 2 Buy, 0 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Veris Residential is a favorable investment for most analysts.

What is Veris Residential's price target?

Veris Residential's price target, set by 2 Wall Street analysts, averages $14 over the next 12 months. The price target range spans from $14 at the low end to $14 at the high end, suggesting a potential -10.77% change from the previous close price of $15.69.

How does Veris Residential stock forecast compare to the average forecast of its sector, industry, and investment themes?

Veris Residential stock forecast shows a -10.77% downside, underperforming the average forecast for the real estate stocks sector (14.90%) and underperforming the residential reit stocks industry (15.20%).

What is the breakdown of analyst ratings for Veris Residential over the past three months?

  • January 2025: 0% Strong Buy, 50.00% Buy, 50.00% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 0% Strong Buy, 42.86% Buy, 42.86% Hold, 0% Sell, 14.29% Strong Sell.
  • November 2024: 11.11% Strong Buy, 33.33% Buy, 33.33% Hold, 11.11% Sell, 11.11% Strong Sell.

What is Veris Residential’s EPS forecast?

Veris Residential's average annual EPS forecast for its fiscal year ending in December is -0.2 for 2024, a -81.13% decrease from the reported $-1.06 in 2023. The prediction for 2025 is $-0.28, $-0.21 for 2026, $0 for 2027, and $0 for 2028.

What is Veris Residential’s revenue forecast?

Veris Residential's average annual revenue forecast for its fiscal year ending in December is $265.4M for 2024, a -5.17% decrease from the reported $279.86M in 2023. The forecast for 2025 is $277.49M, $256.13M for 2026, $301.25M for 2027, and $310.07M for 2028.

What is Veris Residential’s net income forecast?

For its fiscal year ending in December, Veris Residential's average annual net income forecast is $-20.138M for 2024, reflecting a -81.23% decrease from the reported $-107M in 2023. The projection for 2025 is $-27.781M, $-21.056M for 2026, $0 for 2027, and $0 for 2028.