Stock Rating Upgrade
In the last week the Value Trend Rating for Veeco Instruments Inc (NASDAQ: VECO) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Veeco Instruments Inc (NASDAQ: VECO) stock declined slightly by -0.02% on 6/21/24. The stock closed at $46.59. Moreover, trading volume in this decline was unusually high at 194% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.8% during the last week.
Current PriceTarget Research Rating
VECO is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Veeco Instruments has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Veeco Instruments has a slightly negative Appreciation Score of 30 but a very high Power Rating of 94, resulting in the Positive Value Trend Rating.
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