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VECO: Merger With Axcelis Will Bring Execution Risks and Expanded Market Scale

Published
11 Sep 24
Updated
03 Nov 25
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AnalystConsensusTarget's Fair Value
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1Y
10.4%
7D
-4.0%

Author's Valuation

US$29.40.7% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on 03 Nov 25

Analysts have maintained their price target for Veeco Instruments at $29.40, highlighting steady valuation and modest changes to growth and profitability estimates as merger developments with Axcelis continue. Analyst Commentary Recent commentary from Wall Street research reflects a balanced mix of optimism and caution regarding Veeco Instruments' prospects, particularly in the context of its ongoing merger with Axcelis.

Shared on 20 Oct 25

Analysts have maintained Veeco Instruments' price target at $30 per share, citing valuation considerations following the company's planned merger with Axcelis. However, they expressed some caution regarding Axcelis' business mix and exposure to Chinese customers.

Shared on 05 Oct 25

Fair value Increased 8.89%

Analysts have raised their price target for Veeco Instruments to $29.40 from $27.00. They cite expanded product breadth and increased profitability following the company's merger with Axcelis.

Shared on 30 Apr 25

Fair value Decreased 3.47%

Shared on 23 Apr 25

Fair value Decreased 1.48%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 2.41%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Increased 7.17%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 8.21%

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 11 Mar 25

Fair value Increased 8.94%

AnalystConsensusTarget has increased revenue growth from 3.4% to 4.2% and decreased future PE multiple from 37.7x to 32.1x.