Stock analysts at UBS AG dropped their price target on shares of Veeco Instruments (NASDAQ:VECO) from $42.00 to $35.00 in a report issued on Tuesday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target would indicate a potential upside of 1.36% from the company’s current price.
VECO has been the subject of a number of other recent research reports. Analysts at Deutsche Bank set a $32.00 price target on shares of Veeco Instruments in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Cazenove raised their price target on shares of Veeco Instruments from $34.00 to $37.50 in a research note to investors on Wednesday, July 24th. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “market perform” rating on shares of Veeco Instruments in a research note to investors on Monday, July 8th. They now have a $48.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $32.86.
Shares of Veeco Instruments (NASDAQ:VECO) traded down 0.03% during mid-day trading on Tuesday, hitting $34.52. Veeco Instruments has a 52 week low of $26.15 and a 52 week high of $43.18. The stock’s 50-day moving average is currently $35.93. The company has a market cap of $1.332 billion and a P/E ratio of 21.64.
Veeco Instruments Inc (NASDAQ:VECO) designs, manufactures and markets equipment to make light emitting diodes (LEDs), hard-disk drives, as well as for emerging applications such as concentrator photovoltaics, power semiconductors, wireless components, microelectromechanical systems (MEMS), and other next-generation devices.
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