DonCorleone77
$VECO Veeco upgraded to Outperform at Northland on strong order momentum
As previously reported, Northland analyst Auguste Richard upgraded Veeco to Outperform from Market Perform with an unchanged price target of $66. Veeco is seeing "very strong order momentum" and estimates its total addressable market will increase to $3B in calendar 2030, up from $1.7B in calendar year 2026, driven by laser annealing, IBD, and advanced packaging, the analyst tells investors. The firm would expect higher volumes and a richer mix of LSA and IBD to drive gross margin expansion, the analyst added.
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