Analyst Rating Update on Veeco Instruments (VECO)

Veeco Instruments (VECO) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Veeco Instruments (VECO) stock is expected to deviate a maximum of $4.44 from the average target price of $25.2 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $30 and the most muted being $21.

Company shares have received an average consensus rating of Hold for the current week


Veeco Instruments (NASDAQ:VECO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.53 and $18.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.64, notching a gain of 0.32% for the day. The total traded volume was 804,188 . The stock had closed at $18.58 on the previous day.

Veeco Instruments Inc. (Veeco) designs, manufactures, and markets thin film equipment. The Companys equipment is primarily sold to make electronic devices including light emitting diodes (LED), power electronics, wireless devices, hard disk drives, and semiconductors. The Company sells its products and services worldwide primarily through various sales and service facilities in the United States, Europe, and Asia Pacific. The Companys systems, including its deposition and etch tools, are used in the creation of a range of microelectronic components, including light-emitting diode (LED), power semiconductors, thin film magnetic heads (TFMHs), and compound semiconductor devices. The Company offers Metal Organic Chemical Vapor Deposition Systems, Molecular Beam Epitaxy Systems, Fast Array Scanning Atomic Layer Deposition Systems, Precision Surface Processing Systems, Ion Beam Deposition Systems, Ion Beam Etch Systems and Other Data Storage Products.

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