
Veeco Instruments (VECO) Stock Forecast & Price Target
Veeco Instruments (VECO) Analyst Ratings
Bulls say
Veeco Instruments Inc. is poised for growth, with a projected full-year revenue of $715 million for 2024, reflecting a 7% increase compared to the previous year. The company is experiencing heightened demand, particularly within the semiconductor industry, bolstered by significant capital expenditures from TSMC, which plans to invest $40 billion this year—a 34% rise. Additionally, the prospects for advanced packaging and quantum computing are anticipated to further enhance revenue streams, with expectations for sales in these areas to double by 2025.
Bears say
Veeco Instruments Inc. faces significant challenges in its financial outlook due to projected declines in key segments, particularly within the Data Storage sector, which is anticipated to see a revenue drop of approximately 60% year-over-year in 2025. The company's guidance for the first quarter of 2025 fell short of market expectations, influenced by weaknesses in the Chinese semiconductor market and a complete absence of HDD system sales, further exacerbating revenue pressures. Additionally, projected gross margins are expected to decline from 43.3% in 2024 to 42% in 2025, reflecting adverse effects from a mix shift and higher operational expenses, which could dampen overall 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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