
Veeco Instruments (VECO) Stock Forecast & Price Target
Veeco Instruments (VECO) Analyst Ratings
Bulls say
Veeco Instruments Inc. is projected to achieve a topline revenue of $715 million for the full year 2024, marking a 7% increase from the previous year, largely driven by significant growth in the semiconductor industry amidst escalating capital expenditures, such as TSMC's 34% increase in CAPEX to $40 billion. Additionally, advancements in applications like advanced packaging and gate-all-around (GAA) technology are expected to double revenue contributions by 2025, indicating strong market demand and technological relevance. Furthermore, the company's growing exposure to artificial intelligence, anticipated to rise from 10% in 2024 to 20% in 2025, underscores its adaptability to emerging trends within the high-tech landscape.
Bears say
Veeco Instruments Inc. faces a challenging financial outlook due to a significant anticipated decline in its Data Storage segment, with management projecting a year-over-year revenue decrease of 60% in 2025. The company's first-quarter 2025 guidance has fallen short of expectations, primarily driven by a lack of sales from hard disk drive (HDD) systems and weakness in China's mature semiconductor nodes. Additionally, the forecasted gross margins are expected to decrease from 43.3% in 2024 to 42% in 2025, reflecting a negative mix shift and higher operational expenses.
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
Start investing in Veeco Instruments (VECO)
Order type
Buy in
Order amount
Est. shares
0 shares