Veracyte - VCYT Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veracyte in the last year. There are currently 1 sell rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" VCYT shares.
View VCYT analyst ratings or view top-rated stocks.

6 equities research analysts have issued twelve-month target prices for Veracyte's shares. Their VCYT share price forecasts range from $22.00 to $50.00. On average, they expect the company's share price to reach $35.17 in the next year. This suggests a possible upside of 34.2% from the stock's current price.
View analysts price targets for VCYT or view top-rated stocks among Wall Street analysts.

Veracyte's stock was trading at $41.20 at the beginning of the year. Since then, VCYT stock has decreased by 36.4% and is now trading at $26.20.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our VCYT earnings forecast.

Veracyte, Inc. (NASDAQ:VCYT) issued its quarterly earnings results on Tuesday, November, 9th. The biotechnology company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.06. The biotechnology company earned $60.37 million during the quarter, compared to the consensus estimate of $54.66 million. Veracyte had a negative trailing twelve-month return on equity of 4.03% and a negative net margin of 15.25%. During the same quarter in the prior year, the company posted ($0.08) EPS.

Veracyte updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $288.00 million-$293.00 million, compared to the consensus revenue estimate of $277.79 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Veracyte investors own include Hawkins (HWKN), Invitae (NVTA), AbbVie (ABBV), CA (CA), CRISPR Therapeutics (CRSP), Advanced Micro Devices (AMD), Editas Medicine (EDIT), NVIDIA (NVDA), Exelixis (EXEL) and NeoGenomics (NEO).

Veracyte trades on the NASDAQ under the ticker symbol "VCYT."

Veracyte's stock is owned by many different retail and institutional investors. Top institutional investors include ARK Investment Management LLC (12.69%), Vanguard Group Inc. (9.42%), BlackRock Inc. (8.58%), State Street Corp (7.28%), Artisan Partners Limited Partnership (5.31%) and Sumitomo Mitsui Trust Holdings Inc. (4.20%). Insiders that own company stock include Bonnie H Anderson, Evan/ Fa Jones, Giulia C Kennedy, Giulia C Kennedy, Jens Holstein, John Walter Hanna Jr, John Walter Hanna, Jr, Karin Eastham, Keith Kennedy, Kevin K Gordon, Marc Stapley, Mark Ho and Robert S Epstein.
View institutional ownership trends.

Shares of VCYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of VCYT stock can currently be purchased for approximately $26.20.

Veracyte (NASDAQ:VCYT) has a market capitalization of $1.88 billion and generates $219.51 million in revenue each year. The biotechnology company earns $-75,560,000.00 in net income (profit) each year or ($0.60) on an earnings per share basis.

The company employs 761 workers across the globe.

Veracyte's mailing address is 6000 SHORELINE COURT SUITE 300, SOUTH SAN FRANCISCO CA, 94080. The official website for the company is www.veracyte.com. The biotechnology company can be reached via phone at (650) 243-6300, via email at keith@veracyte.com, or via fax at 650-243-6301.