Veeco Instruments Inc (VECO) Stock Forecast & Predictions

Veeco Instruments Inc VECO: $21.46

Terminal Drive, Plainview, New York, US. | Sector: Manufacturing | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: http://www.veeco.com/

  • Market Cap$1.09B
  • Change (52 Weeks)121.38%
  • Low (52 Weeks)$9.57
  • Veeco Instruments Inc (VECO) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 25.00% are on Buy, 25.00% on Sell, and 50.00% Neutral.

    According to the market data, Veeco Instruments Inc (VECO) stock price is $21.46 and the 52 weeks low is $9.57, which means the Veeco Instruments Inc stock price is up 121.38% in the last 12 months.

    Veeco Instruments Inc (VECO) Stock Price has been Trending Strongly with an ADX reading of 35.85 as per the Weekly Chart.

    A Upward trend indicates that Veeco Instruments Inc (VECO) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 25.00% are indicating that VECO Stock price might rise further, 25.00% indicating that VECO Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall VECO stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Veeco Instruments Inc (VECO) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Veeco Instruments Inc (VECO) is based on 12 Institutional Analyst Ratings where 58.33% are on Strong Buy, 33.33% on Moderate Buy, 8.33% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 12 Institutional Analysts, majority recommended VECO stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Veeco Instruments Inc.

    Veeco Instruments Inc (VECO) Stock Price Prediction By Analysts


    HighLowAverage
    $27.30$24.24$25.67
    $25.6719.62% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for VECO set by the institutional analysts is $25.67 where High Estimate is $27.30, Median $25.5 and Low $24.24.

    The average price target for VECO by Institutional Analysts is $25.67, which is 19.62% Upside from the current price. So according to the Institutional Analysts, VECO Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Veeco Instruments Inc (VECO) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    StifelBuyMaintained
    BarclaysOverweightInitiated
    Goldman SachsBuyUpgraded
    OppenheimerOutperformInitiated
    BenchmarkBuyMaintained
    Stifel NicolausBuyUpgraded
    BenchmarkBuyUpgraded
    Stifel NicolausHoldDowngraded
    BenchmarkHoldDowngraded
    KeyBancSector WeightDowngraded
    KeyBancOverweightMaintained
    JP MorganOverweightUpgraded
    Bank of AmericaBuyUpgraded
    UBSBuyMaintained
    KeyBancOverweightMaintained
    Deutsche BankBuyUpgraded
    Pacific CrestOverweightInitiated
    Summit Research PartnersHoldUpgraded
    Summit Research PartnersSellDowngraded
    JP MorganNeutralMaintained
    Deutsche BankHoldMaintained
    Summit Research PartnersHoldUpgraded
    CLSAUnderperformDowngraded
    JP MorganNeutralDowngraded
    Canaccord GenuityHoldMaintained
    Deutsche BankHoldMaintained
    Bank of AmericaNeutralMaintained
    BenchmarkBuyInitiated
    SusquehannaPositiveMaintained
    Canaccord GenuityHoldMaintained
    CLSAOutperformDowngraded
    Deutsche BankHoldMaintained
    Stifel NicolausBuyMaintained
    Noble FinancialBuyUpgraded
    JP MorganOverweightMaintained
    SusquehannaPositiveUpgraded
    Goldman SachsNeutralUpgraded
    Noble FinancialHoldUpgraded
    JP MorganOverweightMaintained
    Deutsche BankHoldMaintained
    UBSBuyMaintained
    JP MorganOverweightMaintained
    Canaccord GenuityHoldMaintained
    BerenbergBuyUpgraded
    CLSABuyUpgraded
    UBSBuyUpgraded
    S&P Capital IQHoldDowngraded
    Bank of AmericaNeutralMaintained
    Canaccord GenuityHoldUpgraded
    Stifel NicolausBuyMaintained
    Credit SuisseOutperformUpgraded
    JP MorganOverweightUpgraded
    BerenbergHoldDowngraded
    Noble FinancialSellDowngraded
    Goldman SachsSellMaintained
    OppenheimerPerformDowngraded
    WedbushNeutralInitiated
    WedbushNeutralInitiated
    OppenheimerOutperformUpgraded
    Noble FinancialHoldUpgraded
    Canaccord GenuityBuyUpgraded
    Northland SecuritiesMarket PerformInitiated
    JP MorganNeutralDowngraded
    UBSNeutralDowngraded
    B. Riley FBRNeutralDowngraded
    UBSBuyMaintained
    PiperJaffrayOverweightMaintained
    Maxim GroupSellMaintained
    Goldman SachsSellMaintained
    Deutsche BankHoldMaintained
    Deutsche BankHoldMaintained
    BarclaysOverweightMaintained
    Goldman SachsSellDowngraded
    PiperJaffrayOverweightMaintained
    Deutsche BankHoldDowngraded
    JP MorganOverweightMaintained
    Morgan StanleyEqual-WeightInitiated
    Stifel NicolausBuyUpgraded
    PiperJaffrayOverweightUpgraded
    UBSBuyMaintained
    Sterne AgeeNeutralMaintained
    PiperJaffrayNeutralMaintained
    Maxim GroupSellMaintained
    Deutsche BankBuyUpgraded

    Veeco Instruments Inc (VECO) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.263
    The average consensus EPS for VECO is $0.263 with a high estimate of $0.304 and Low of $0.225 for the period 2021-06-30 and based on 8 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.22$0.204000000000000012020-09-30


    The latest average Earning Per Share Estimate for Veeco Instruments Inc is $0.26, which is higher than VECO's last EPS, $0.22. This means that Analysts are expecting Veeco Instruments Inc to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Veeco Instruments Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.22$0.204000000000000012020-09-30
    $0.11$0.073952020-06-30
    $0.22$0.058652020-03-31
    $0.11$0.084152019-12-31
    $0.05$-0.01022019-09-30
    $-0.06$-0.094352019-06-30
    $-0.14$-0.216752019-03-31
    $-0.16$-0.160650000000000022018-12-31
    $0.11$0.07652018-09-30
    $0.15$0.128522018-06-30
    $0.2$0.06290342018-03-31
    $0.19$0.095196599999999992017-12-31
    $0.09$0.0165752017-09-30
    $0.15$0.042842017-06-30
    $0.09$0.07142017-03-31
    $0.09$0.06122016-12-31
    $-0.05$-0.169322016-09-30
    $-0.19$-0.20771282016-06-30
    $-0.15$-0.2604062016-03-31
    $0.01$-0.01576922015-12-31
    $0.33$0.30971282015-09-30
    $0.2$0.17510342015-06-30
    $-0.01$-0.10756922015-03-31
    $0.13$0.04082014-12-31
    $-0.02$-0.11875862014-09-30
    $-0.16$-0.186662014-06-30
    $-0.06$-0.16205762014-03-31
    $-0.42$-0.33288722013-12-31
    $-0.08$-0.0332928000000000042013-09-30
    $-0.03$0.0217565999999999972013-06-30
    $0.3$0.316712012-09-30
    $0.37$0.389130000000000032012-06-30
    $0.49$0.190556400000000012012-03-31
    $0.72$0.68048279999999992011-12-31
    $1.33$1.15055999999999982011-09-30
    $1.34$1.38212011-06-30
    $1.33$1.23184382011-03-31
    $1.62$1.63564142010-12-31
    $1.46$1.28435339999999992010-09-30
    $1.01$0.84149999999999992010-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).