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 -15.05% downside from VRE’s last price of $16.48) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
VRE Price Target
VRE Analyst Ratings
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% | -15.05% |
May 20, 2024 | Michael Lewis | Truist Financial | $15.00 | $15.60 | -3.85% | -8.98% |
Veris Residential Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | - | 2 |
Avg Price Target | - | - | $14.50 |
Last Closing Price | $16.48 | $16.48 | $16.48 |
Upside/Downside | -100.00% | -100.00% | -12.01% |
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 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 | 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | $71.48M | $68.73M | $66.92M | $86.20M | $91.36M | $79.83M | $99.10M | - | $83.74M | $81.25M | $76.09M | $81.20M | $77.65M | $72.65M | $82.06M | $86.67M | $131.88M | $130.46M |
Avg Forecast | $70.00M | $68.70M | $59.02M | $58.73M | $66.77M | $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 | $71.03M | $69.71M | $59.89M | $59.05M | $66.96M | $66.25M | $65.68M | $69.90M | $74.93M | $71.75M | $68.77M | $82.30M | $81.90M | $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 |
Low Forecast | $68.35M | $67.09M | $57.63M | $58.41M | $66.59M | $66.25M | $65.68M | $69.90M | $68.86M | $66.97M | $66.17M | $79.19M | $78.82M | $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 |
# Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 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% | 1.18% | 1.26% | - | 1.19% | 1.14% | 0.97% | 0.86% | 0.78% | 0.64% | 0.74% | 0.69% | 1.04% | 0.99% |
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 | 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 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 | $33.94M | $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 | $27.40M | $26.90M | $23.11M | $22.99M | $26.14M | $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 | $27.81M | $27.29M | $23.45M | $23.12M | $26.22M | $25.94M | $25.71M | $27.36M | $29.34M | $28.09M | $26.92M | $32.22M | $32.06M | $29.26M | $26.41M | $30.80M | $69.61M | $27.45M | $27.82M | $30.59M | $36.84M | $38.98M | $44.14M | $43.34M | $49.18M | $49.77M | $51.74M |
Low Forecast | $26.76M | $26.26M | $22.56M | $22.87M | $26.07M | $25.94M | $25.71M | $27.36M | $26.96M | $26.22M | $25.91M | $31.00M | $30.86M | $29.26M | $26.41M | $30.80M | $46.41M | $27.45M | $27.82M | $30.59M | $36.84M | $38.98M | $44.14M | $43.34M | $49.18M | $49.77M | $51.74M |
Surprise % | - | - | - | - | - | - | - | - | - | 0.94% | -0.12% | 0.97% | 0.90% | 1.24% | 1.28% | 1.36% | 0.51% | 0.74% | -1.30% | 1.71% | 2.95% | 0.26% | 0.31% | 0.35% | -1.05% | 0.32% | 0.97% |
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 | 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 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 | $20.54M | $-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 | - | - | - | $13.21M | $-11.17M | $-9.20M | $-6.61M | $-7.81M | $-11.51M | $-11.17M | $-12.19M | $-20.06M | $-16.61M | $-17.37M | $-13.46M | $-8.33M | $-12.49M | $-16.58M | $-24.20M | $-14.09M | $-5.11M | $-877.40K | $-5.47M | $-15.29M | $-14.24M | $15.39M | $-7.75M |
High Forecast | - | - | - | $14.22M | $-10.83M | $-8.92M | $-6.40M | $-7.57M | $-10.46M | $-10.83M | $-11.82M | $-19.44M | $-16.10M | $-17.37M | $-13.46M | $-6.67M | $-9.99M | $-16.58M | $-24.20M | $-14.09M | $-5.11M | $-877.40K | $-5.47M | $-15.29M | $-14.24M | $15.39M | $-7.75M |
Low Forecast | - | - | - | $11.17M | $-11.39M | $-9.38M | $-6.73M | $-7.96M | $-12.56M | $-11.39M | $-12.42M | $-20.44M | $-16.93M | $-17.37M | $-13.46M | $-10.00M | $-14.99M | $-16.58M | $-24.20M | $-14.09M | $-5.11M | $-877.40K | $-5.47M | $-15.29M | $-14.24M | $15.39M | $-7.75M |
Surprise % | - | - | - | - | - | - | - | - | - | 4.90% | 2.47% | 1.22% | -1.16% | 7.43% | -1.53% | 1.67% | 1.89% | 1.71% | 3.35% | -0.54% | -12.85% | 48.11% | 6.38% | 2.61% | 3.84% | -3.64% | 2.84% |
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 | 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 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 | $11.58M | $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 | $12.54M | $12.31M | $10.58M | $10.53M | $11.97M | $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 | $12.73M | $12.49M | $10.73M | $10.58M | $12.00M | $11.87M | $11.77M | $12.53M | $13.43M | $12.86M | $12.32M | $14.75M | $14.68M | $13.39M | $12.09M | $14.10M | $908.16K | $12.57M | $12.73M | $14.01M | $16.87M | $17.84M | $20.21M | $19.84M | $22.51M | $22.78M | $23.69M |
Low Forecast | $12.25M | $12.02M | $10.33M | $10.47M | $11.93M | $11.87M | $11.77M | $12.53M | $12.34M | $12.00M | $11.86M | $14.19M | $14.12M | $13.39M | $12.09M | $14.10M | $605.44K | $12.57M | $12.73M | $14.01M | $16.87M | $17.84M | $20.21M | $19.84M | $22.51M | $22.78M | $23.69M |
Surprise % | - | - | - | - | - | - | - | - | - | 1.17% | 0.79% | 0.71% | 0.85% | 0.96% | 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 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 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 | $0.23 | $-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 | - | - | - | $0.13 | $-0.11 | $-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 | - | - | - | $0.14 | $-0.11 | $-0.09 | $-0.06 | $-0.07 | $-0.10 | $-0.11 | $-0.12 | $-0.19 | $-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 |
Low Forecast | - | - | - | $0.11 | $-0.11 | $-0.09 | $-0.07 | $-0.08 | $-0.12 | $-0.11 | $-0.12 | $-0.20 | $-0.17 | $-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 |
Surprise % | - | - | - | - | - | - | - | - | - | 5.36% | 2.75% | 1.37% | -1.28% | 8.33% | -1.74% | 1.34% | 2.41% | 2.03% | 3.41% | -0.43% | -14.37% | 56.94% | 7.65% | 3.13% | 4.58% | -4.31% | 3.20% |
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 -15.05% from its last price of $16.48. 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 -15.05% (from the last price of $16.48 to the average price target of $14), down by -15.05% based on the highest stock price target, and down by -15.05% based on the lowest stock price target.
Can Veris Residential stock reach $20?
VRE's average twelve months analyst stock price target of $14 does not support the claim that Veris Residential can reach $20 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 $268.6M (high $268.79M, low $268.42M), average EBITDA is $105.15M (high $105.23M, low $105.08M), average net income is $-34.79M (high $-33.727M, low $-35.457M), average SG&A $48.14M (high $48.17M, low $48.1M), and average EPS is $-0.342 (high $-0.332, low $-0.349). VRE's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $256.45M (high $259.68M, low $251.48M), average EBITDA is $100.4M (high $101.66M, low $98.45M), average net income is $13.21M (high $14.22M, low $11.17M), average SG&A $45.96M (high $46.54M, low $45.07M), and average EPS is $0.13 (high $0.14, low $0.11).
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 $-55.779M by 101.11%. 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 $-11.175M by 390.46%. 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%