Needham analyst Edwin Mok reiterated a Buy rating on Veeco (NASDAQ: VECO) yesterday and set a price target of $20. The company’s shares closed yesterday at $11.88, close to its 52-week low of $10.85.
According to TipRanks.com, Mok is a 5-star analyst with an average return of 14.4% and a 58.9% success rate. Mok covers the Consumer Goods sector, focusing on stocks such as Cabot Microelectronics Corporation, SolarEdge Technologies, and Axcelis Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veeco with a $17.50 average price target, which is a 47.4% upside from current levels. In a report released yesterday, Northland Securities also reiterated a Buy rating on the stock with a $15 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $26.50 and a one-year low of $10.85. Currently, Veeco has an average volume of 463K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Veeco Instruments, Inc. engages in the development, manufacture, sale, and support of semiconductor process equipment. Its primary technologies is comprised 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.
