Recent notable positive changes in fundamentals have benefitted Veeco Instruments Inc (NASDAQ: VECO): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Veeco Instruments Inc (NASDAQ: VECO) has benefited from notable positive changes in investment behavior: its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, VECO is expected to continue to be a Value Builder.
Veeco Instruments has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Veeco Instruments has a slightly negative Appreciation Score of 38 but a very high Power Rating of 98, and the Positive Value Trend Rating results.
Recent Price Action
Veeco Instruments Inc (NASDAQ: VECO) stock closed at $28.86 on 11/21/23 after a decline of -1.1%. The stock has risen 4.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
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