
Veeco Instruments (VECO) Stock Forecast & Price Target
Veeco Instruments (VECO) Analyst Ratings
Bulls say
Veeco Instruments Inc. is positioned for a positive financial outlook, with a projected full-year revenue of $715 million in 2024, marking a 7% increase from the previous year. The company's growth is further supported by TSMC's substantial capital expenditures of $40 billion in 2024, which are anticipated to bolster demand across advanced packaging and new semiconductor applications. Additionally, the company's involvement in emerging sectors such as quantum computing and AI is expected to enhance its revenue streams substantially, with sales in these areas predicted to grow significantly by 2025.
Bears say
Veeco Instruments Inc. faces a challenging outlook due to anticipated revenue declines in its Data Storage segment, which management projects will fall by 60% year-over-year in 2025, with no HDD system sales expected. Additionally, guidance for 1Q25 has been lowered, reflecting weaker demand in China's mature node market and persistent headwinds affecting overall revenue performance, despite some offset from growth in advanced packaging and GAA. Furthermore, the company's gross margins are expected to decline from 43.3% in 2024 to 42% in 2025, primarily due to a detrimental shift in product mix and elevated 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
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