Northland Securities analyst Gus Richard maintained a Buy rating on Veeco (NASDAQ:VECO) Instruments Inc. on Tuesday, setting a price target of $26, which is approximately 15.10% above the present share price of $22.59.
Richard expects Veeco Instruments Inc. to post earnings per share (EPS) of $0.00 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Veeco, with an average price target of $23.67.
The analysts price targets range from a high of $26 to a low of $18.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $138.95 million and a net profit of $10.61 million. The company's market cap is $1.12 billion.
According to TipRanks.com, Northland Securities analyst Gus Richard is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 39.7% and a 75.00% success rate.
Veeco Instruments, Inc. engages in the development, manufacture, sale and support of semiconductor process equipment. Its technologies consists of metal organic chemical vapor deposition, advanced packaging lithography, wet etch and clean, laser annealing, ion beam, molecular beam epitaxy, wafer inspection, and atomic layer deposition systems. The company was founded in 1989 and is headquartered in Plainview, NY.