| Over a week ago | ||||
Barclays analyst Tom… Barclays analyst Tom O'Malley downgraded Veeco Instruments to Equal Weight from Overweight with a price target of $20, up from $19. The analyst rolled out 2024 estimates and became more positive on the semiconductor group but incrementally more negative on semiconductor capital equipment. The firm prefers stocks in 2023 that offer exposure to data center, PC and handset. While the handset market has been correcting since the second half of 2021, softer forecasts for Q1 of 2023 could potentially be "the last major cut," the analyst tells investors in a research note. Barclays believes headwinds in China can shift to tailwinds in the second half of 2023. | ||||
Benchmark analyst Mark… Benchmark analyst Mark Miller lowered the firm's price target on Veeco to $23 from $25 and keeps a Buy rating on the shares after adjusting his estimates for 2023. He expects strengthening late in 2023, driven in part by new fab construction and evaluation programs, Miller tells investors. | ||||
| Over a month ago | ||||
Virtual Meeting to be… Virtual Meeting to be held with CEO Miller on December 5 at 9 am hosted by Benchmark. | ||||
Virtual Meeting to be… Virtual Meeting to be held with CEO Miller on December 5 at 9 am hosted by Benchmark. | ||||
Virtual Meeting to be… Virtual Meeting to be held with CEO Miller on December 5 at 9 am hosted by Benchmark. | ||||
Meeting to be held in New… Meeting to be held in New York on November 28 hosted by Oppenheimer. | ||||
Meeting to be held in New… Meeting to be held in New York on November 28 hosted by Oppenheimer. | ||||
Benchmark analyst Mark… Benchmark analyst Mark Miller lowered the firm's price target on Veeco to $25 from $35 and keeps a Buy rating on the shares. While Veeco posted Q3 upside, flat to slightly lower sales are expected in Q1 and his model now calls for non-GAAP earnings of $1.40 per diluted share in 2023, which is ten cents below his 2022 estimate, Miller said. However, he believes "the recent decline in the share price has fully discounted this decline," the analyst added. | ||||
Barclays analyst Tom… Barclays analyst Tom O'Malley lowered the firm's price target on Veeco Instruments to $19 from $22 and keeps an Overweight rating on the shares post the Q3 results. The analyst says the slowing environment is catching up to the company with trailing edge orders from China only partially offsetting. He nows think it will be difficult for Veeco to see growth in 2023. | ||||
Oppenheimer analyst Rick… Oppenheimer analyst Rick Schafer lowered the firm's price target on Veeco to $25 from $30 to reflect group multiple compression, while keeping an Outperform rating on the shares. The analyst notes Veeco reported mixed results, with Q3 sales and EPS beating Street estimates, but Q4 guidance coming in below. | ||||
