Stock Track | Veeco Instruments Soars 6.04% in Pre-market After Citi Raises Price Target

Stock Track02-26 22:36

Veeco Instruments' stock surged 6.04% during pre-market trading on Thursday, showing strong investor interest ahead of the regular session.

The significant pre-market gain appears to be driven by positive analyst action, as Citi raised its price target on Veeco to $40 from $36 while maintaining a Buy rating on the shares. This upward revision in the firm's valuation model suggests increased confidence in Veeco's future performance and growth prospects.

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