
Veeco Instruments (VECO) Stock Forecast & Price Target
Veeco Instruments (VECO) Analyst Ratings
Bulls say
Veeco Instruments Inc. is positioned for growth, with a projected topline revenue of $715 million for the full year 2024, reflecting a 7% increase from prior estimates. The company's optimism is bolstered by TSMC's significant capital expenditures of $40 billion in 2023, up 34%, and expectations for advanced packaging and GAA applications to potentially double revenue by 2025. Additionally, there is an anticipated robust growth in the semiconductor market, with a reported 27% quarter-over-quarter increase in compound semiconductor revenues driven by MOCVD tools for emerging photonics and solar applications.
Bears say
Veeco Instruments Inc. faces a challenging financial outlook primarily due to significant revenue declines expected in its Data Storage segment, which is projected to decrease by 60% year-over-year in 2025, exacerbated by a lack of HDD system sales. Additionally, the company has provided lower-than-expected guidance for the first quarter of 2025, indicating that revenue pressures from the semiconductor segment due to weaknesses in China will persist. Furthermore, overall gross margins are anticipated to decline from 43.3% in 2024 to 42% in 2025, reflecting a negative mix shift and rising operating expenses, which compound the concerns regarding profitability.
This aggregate rating is based on analysts' research of Veeco Instruments and is not a guaranteed prediction by Public.com or investment advice.
Veeco Instruments (VECO) Analyst Forecast & Price Prediction
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