Barclays has adjusted its financial outlook on Veeco Instruments (VECO, Financial), reducing the price target from $25 to $22. The decision to update the valuation reflects the ongoing impact of tariffs and the trade tensions that are expected to influence the forthcoming first-quarter earnings.
In addition to the price target adjustment, Barclays has maintained its Equal Weight rating on Veeco shares. The revision includes modifications to the models for both the semiconductor and semiconductor capital equipment sectors, taking into account the increased risks associated with China and consumer markets.
These changes indicate the firm's cautious stance on the stock, considering the external pressures from international trade dynamics that could affect the company's performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Veeco Instruments Inc (VECO, Financial) is $28.86 with a high estimate of $31.00 and a low estimate of $25.00. The average target implies an upside of 63.87% from the current price of $17.61. More detailed estimate data can be found on the Veeco Instruments Inc (VECO) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Veeco Instruments Inc's (VECO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Veeco Instruments Inc (VECO, Financial) in one year is $28.18, suggesting a upside of 60.02% from the current price of $17.61. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Veeco Instruments Inc (VECO) Summary page.
