Northland Securities analyst Gus Richard maintained a Buy rating on Veeco (VECO) today and set a price target of $19. The company’s shares closed yesterday at $10.96.
According to TipRanks.com, Richard is a 5-star analyst with an average return of 20.1% and a 61.7% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, SolarEdge Technologies, and Akoustis Technologies.
Veeco has an analyst consensus of Moderate Buy, with a price target consensus of $17, a 55.1% upside from current levels. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $15 price target.
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The company has a one-year high of $15 and a one-year low of $6.27. Currently, Veeco has an average volume of 350.7K.
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Veeco Instruments, Inc. is engaged 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.
