Veris Residential (VRE) Stock Forecast, Price Target & Predictions
VRE Stock Forecast
Veris Residential (VRE) stock forecast, based on 12 Wall Street analysts, predicts a 12-month average price target of $14.00, with a high of $14.00 and a low of $14.00. This represents a -5.28% decline from the last price of $14.78.
VRE Stock Rating
Veris Residential stock's rating consensus is Hold, based on 12 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 5 Buy (41.67%), 6 Hold (50.00%), 1 Sell (8.33%), and 0 Strong Sell (0.00%).
Hold
VRE Price Target Upside V Benchmarks
| Type | Name | Upside | 
|---|---|---|
| Stock | Veris Residential | -5.28% | 
| Sector | Real Estate Stocks | 13.27% | 
| Industry | Residential REIT Stocks | 16.91% | 
Price Target Trends
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - | 
| Avg Price Target | - | - | - | 
| Last Closing Price | $14.78 | $14.78 | $14.78 | 
| Upside/Downside | - | - | - | 
Ratings Trends
| Date | Strong Buy | Buy | Hold | Sell | Strong Sell | Total | 
|---|---|---|---|---|---|---|
| Oct, 25 | - | 2 | 4 | - | - | 6 | 
| Sep, 25 | - | 2 | 4 | - | - | 6 | 
| Aug, 25 | - | 2 | 4 | - | - | 6 | 
| Jul, 25 | - | 2 | 4 | - | - | 6 | 
| Jun, 25 | - | 2 | 4 | - | - | 6 | 
Analyst Price Target Forecasts
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price | 
|---|---|---|---|---|---|---|
| Jun 24, 2024 | Michael Lewis | Truist Financial | $14.00 | $14.59 | -4.04% | -5.28% | 
| May 20, 2024 | Michael Lewis | Truist Financial | $15.00 | $15.60 | -3.85% | 1.49% | 
Analyst Rating Forecasts
| Date | Company | Previous Rating | New Rating | Rating Change | 
|---|---|---|---|---|
| Nov 12, 2024 | Bank of America Securities | Neutral | Buy | upgrade | 
| Aug 28, 2024 | Evercore ISI | Outperform | Outperform | hold | 
| Jul 27, 2023 | Evercore ISI | Outperform | upgrade | |
| Nov 14, 2022 | Bank of America Securities | Neutral | upgrade | 
Financial Forecast
EPS Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | Dec 27 | Dec 28 | |
|---|---|---|---|---|---|---|---|---|---|
| Reported | $-1.46 | $-2.15 | $-1.23 | $-1.22 | $-0.29 | - | - | - | - | 
| Avg Forecast | $-1.27 | $-1.02 | $-0.49 | $-0.96 | $-0.20 | $-0.28 | $-0.21 | - | - | 
| High Forecast | $-1.22 | $-0.98 | $-0.47 | $-0.94 | $-0.19 | $-0.25 | $-0.21 | - | - | 
| Low Forecast | $-1.29 | $-1.04 | $-0.50 | $-0.98 | $-0.20 | $-0.30 | $-0.21 | - | - | 
| Surprise % | 14.96% | 110.78% | 151.02% | 27.08% | 45.00% | - | - | - | - | 
Revenue Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | Dec 27 | Dec 28 | |
|---|---|---|---|---|---|---|---|---|---|
| Reported | $313.56M | $329.32M | $355.02M | $279.86M | $271.07M | - | - | - | - | 
| Avg Forecast | $357.86M | $280.33M | $292.65M | $273.64M | $265.40M | $277.49M | $256.13M | $301.25M | $310.07M | 
| High Forecast | $362.65M | $284.08M | $297.87M | $276.65M | $265.57M | $279.28M | $258.66M | $304.22M | $313.12M | 
| Low Forecast | $347.46M | $272.18M | $284.09M | $270.63M | $265.23M | $275.69M | $252.12M | $296.53M | $305.21M | 
| Surprise % | -12.38% | 17.48% | 21.31% | 2.27% | 2.14% | - | - | - | - | 
Net Income Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | Dec 27 | Dec 28 | |
|---|---|---|---|---|---|---|---|---|---|
| Reported | $-132.24M | $-195.45M | $-112.18M | $-107.27M | $-26.66M | - | - | - | - | 
| Avg Forecast | $-116.37M | $-93.98M | $-49.58M | $-96.81M | $-20.14M | $-27.78M | $-21.06M | - | - | 
| High Forecast | $-111.97M | $-90.43M | $-47.69M | $-94.98M | $-19.64M | $-25.47M | $-20.70M | - | - | 
| Low Forecast | $-118.39M | $-95.62M | $-50.72M | $-98.63M | $-20.64M | $-30.10M | $-21.41M | - | - | 
| Surprise % | 13.63% | 107.97% | 126.28% | 10.80% | 32.41% | - | - | - | - |