Analyst Charles Shi from Needham reiterated a Buy rating on Veeco and increased the price target to $30.00 from $29.00.
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Charles Shi has given his Buy rating due to a combination of factors that indicate a positive outlook for Veeco. The company has successfully recovered a significant portion of its revenue from China, which was initially impacted by tariffs, and expects further stabilization in the latter half of 2025. This recovery is a strong indicator of Veeco’s resilience and adaptability in challenging market conditions.
Looking forward, Veeco’s management anticipates a rebound in the Compound Semiconductor market, driven by the demand for GaN power in AI data centers and photonics. Additionally, the Data Storage segment is expected to recover, and the Semiconductor business is likely to overcome the challenges posed by the China market. These idiosyncratic growth drivers are expected to position Veeco for outperformance in the coming year, prompting an upward revision of the company’s 2026 estimates.
In another report released on August 1, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $23.00 price target.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VECO in relation to earlier this year.