Analysts Conflicted on These Technology Names: Veeco (VECO) and Apple (AAPL)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Veeco (VECO – Research Report) and Apple (AAPL – Research Report).

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Veeco (VECO)

In a report issued on October 3, Thomas O’Malley from Barclays maintained a Hold rating on Veeco, with a price target of $30.00. The company’s shares closed last Friday at $31.61.

According to TipRanks.com, O’Malley is a 5-star analyst with an average return of 24.1% and a 59.6% success rate. O’Malley covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

Currently, the analyst consensus on Veeco is a Moderate Buy with an average price target of $28.75, which is a -11.9% downside from current levels. In a report issued on October 4, Needham also downgraded the stock to Hold.

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Apple (AAPL)

In a report released today, Samik Chatterjee from J.P. Morgan maintained a Buy rating on Apple, with a price target of $280.00. The company’s shares closed last Friday at $258.02, close to its 52-week high of $260.10.

According to TipRanks.com, Chatterjee is a 5-star analyst with an average return of 16.2% and a 69.0% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, Hewlett Packard Enterprise, and Keysight Technologies. ;'>

Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $255.91, implying a 0.5% upside from current levels. In a report issued on September 22, Evercore ISI also maintained a Buy rating on the stock with a $260.00 price target.

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• Veeco downgraded to Hold from Buy at Needham
• Axcelis price target raised to $110 from $90 at DA Davidson
• Axcelis upgraded to Buy at Benchmark after Veeco merger
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