Needham analyst Charles Shi raised the firm’s price target on Veeco to $46 from $43 and keeps a Buy rating on the shares. The analyst cites the company’s beat-and-raise quarter, with the highlight of the earnings call being the growing confidence in the expanding use cases of Veeco’s anneal products in both advanced logic and high-bandwidth memory.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VECO:
- Leading Edge Semiconductor Company Places Multi-System Laser Annealing Order Including First Nanosecond Annealing System
- Veeco Instruments Inc (VECO) Q1 Earnings Cheat Sheet
- Veeco Announces Date for First Quarter Financial Results and Conference Call
- Veeco Releases Sustainability Report Highlighting Progress and Dedication to ESG Goals
