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

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VRE Stock Forecast

Veris Residential stock forecast is as follows: an average price target of $14.00 (represents a -24.04% downside from VRE’s last price of $18.43) 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 -24.04% downside from VRE's last price of $18.43.

VRE Analyst Ratings

Buy

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%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 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	-	-	-4.04%	-24.04%
May 20, 2024	Michael Lewis	Truist Financial	-	-	-3.85%	-18.61%

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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 -24.04% decrease from VRE last price ($18.43).

Veris Residential Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	2
Avg Price Target	-	-	$14.50
Last Closing Price	$18.43	$18.43	$18.43
Upside/Downside	-100.00%	-100.00%	-21.32%

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 $18.43. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 12, 2024	Bank of America Securities	Neutral	Buy	Upgrade
Aug 28, 2024	Evercore ISI	Outperform	Outperform	Hold
Jul 27, 2023	Evercore ISI		Outperform	Upgrade
Nov 14, 2022	Bank of America Securities		Neutral	Upgrade

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Veris Residential's last stock rating was published by Bank of America Securities on Nov 12, 2024. The company Upgrade its VRE rating from "Neutral" to "Buy".

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	$68.08M	$59.29M	$59.06M	$67.00M	$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	$70.44M	$68.50M	$59.66M	$59.38M	$67.20M	$66.25M	$65.68M	$69.90M	$74.93M	$71.75M	$68.19M	$81.61M	$81.22M	$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	$69.56M	$67.65M	$58.92M	$58.74M	$66.82M	$66.25M	$65.68M	$69.90M	$68.86M	$66.97M	$67.34M	$80.60M	$80.21M	$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	1	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'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	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	1	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	$34.12M	$33.18M	$28.90M	$28.79M	$32.66M	$32.30M	$32.02M	$34.07M	$35.05M	$33.93M	$33.03M	$39.53M	$39.34M	$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	$34.34M	$33.39M	$29.08M	$28.95M	$32.76M	$32.30M	$32.02M	$34.07M	$36.53M	$34.97M	$33.24M	$39.78M	$39.59M	$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	$33.91M	$32.98M	$28.72M	$28.63M	$32.57M	$32.30M	$32.02M	$34.07M	$33.56M	$32.65M	$32.83M	$39.29M	$39.10M	$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 %	-	-	-	-	-	-	-	-	-	0.76%	-0.09%	0.78%	0.73%	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%

2 analysts predict VRE's average Quarter EBITDA for Dec 23 to be $35.05M, with a high of $36.53M and a low of $33.56M. This is 36.23% 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	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	1	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	$-10.16M	$-9.13M	$-6.55M	$-7.75M	$-10.46M	$-11.08M	$-12.09M	$-19.89M	$-16.47M	$-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	$-11.26M	$-9.27M	$-6.66M	$-7.88M	$-12.56M	$-11.27M	$-12.29M	$-20.22M	$-16.74M	$-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's average Quarter net income forecast for Mar 23 is $-20.06M, with a range of $-20.22M to $-19.89M. VRE's average Quarter net income forecast represents a -203.67% 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	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	1	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	$12.20M	$10.63M	$10.58M	$12.01M	$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	$12.62M	$12.28M	$10.69M	$10.64M	$12.04M	$11.87M	$11.77M	$12.53M	$13.43M	$12.86M	$12.22M	$14.63M	$14.56M	$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	$12.47M	$12.12M	$10.56M	$10.53M	$11.97M	$11.87M	$11.77M	$12.53M	$12.34M	$12.00M	$12.07M	$14.44M	$14.37M	$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'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	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	1	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	$-0.10	$-0.09	$-0.06	$-0.08	$-0.10	$-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
Low Forecast	-	-	-	$0.11	$-0.11	$-0.09	$-0.07	$-0.08	$-0.12	$-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
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%

According to 2 Wall Street analysts, Veris Residential's projected average Quarter EPS for Mar 23 is $-0.20, with a low estimate of $-0.20 and a high estimate of $-0.20. This represents a -194.01% decrease compared to VRE previous annual EPS of $0.21 (Dec 22).

Veris Residential Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
SITC	SITE Centers	-	-	108.26%	Hold
UE	Urban Edge Properties	-	-	8.93%	Buy
JBGS	JBG SMITH Properties	-	-	5.61%	Hold
NXRT	NexPoint Residential Trust	-	-	-3.89%	Buy
VRE	Veris Residential	-	-	-24.04%	Buy

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 2 'Buy' recommendations, accounting for 100.00% 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 -24.04% from its last price of $18.43. 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 -24.04% (from the last price of $18.43 to the average price target of $14), down by -24.04% based on the highest stock price target, and down by -24.04% 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 $268.84M (high $269.03M, low $268.65M), average EBITDA is $131.04M (high $131.14M, low $130.95M), average net income is $-34.79M (high $-33.583M, low $-35.074M), average SG&A $48.18M (high $48.21M, low $48.14M), and average EPS is $-0.342 (high $-0.331, low $-0.345). VRE's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $256.43M (high $257.99M, low $254.87M), average EBITDA is $124.99M (high $125.76M, low $124.24M), average net income is $13.21M (high $14.22M, low $11.17M), average SG&A $45.95M (high $46.23M, low $45.68M), 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 $125.81M by 10.84%. 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 $33.93M by -24.19%. 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%