Needham analyst Charles Shi maintains $Veeco Instruments (VECO.US)$ with a buy rating, and adjusts the target price from $55 to $35.
According to TipRanks data, the analyst has a success rate of 46.2% and a total average return of 7.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Veeco Instruments (VECO.US)$'s main analysts recently are as follows:
The projection for Veeco indicates a potential impact to its financials, owing to industry trends. It is suggested that the semiconductor capital sector's recent outcomes may lead to changes in the China market model. The forecast anticipates a significant headwind from China by 2025, as well as a comparable challenge from the Data Storage sector due to continued capital expenditure discipline among drive manufacturers.
Veeco's third and fourth quarter outcomes were congruent with expectations, as observed by analysts. The company's management revised the full-year 2024 revenue forecast to a range of $700 million to $720 million.
Note:
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