Needham Reiterates Buy Rating on Velo3D, Inc.
Needham maintains its buy rating on Velo3D, Inc., setting a $33 price target, a 98.32% upside from the current price.
Key Points
- Needham reiterated its buy rating on Velo3D, Inc. with a $33 price target on June 25, 2026.
- Needham's $33 price target implies 98.32% upside from Velo3D, Inc.'s ($VELO) current $16.64 share price.
- Shares of NasdaqCM:VELO traded near $18.05 on Thursday, with a market cap of about $724.5 million.
- Velo3D, Inc. focuses on metal 3D printing technology for industries like aerospace and automotive.
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On June 25, 2026, Needham reiterated its buy rating for Velo3D, Inc. (NasdaqCM:VELO), setting a price target of $33. This analyst action, led by Austin Bohlig, highlights continued confidence in the company's prospects.
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Velo3D, Inc. Stock Up 40.2%
Shares of Velo3D, Inc. traded near $18.05 on Thursday. The company has a market cap of approximately $724.5 million and a beta of 2.48, indicating higher volatility compared to the market. Over the past year, the stock has ranged from a low of $2.81 to a high of $31.75. Its 50-day moving average is $17.79, while the 200-day moving average stands at $11.41. Velo3D has a current ratio of 2.45 and a quick ratio of 1.09, with a debt-to-equity ratio of 34.62.
$VELO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its most recent earnings report, Velo3D, Inc. posted revenue of $50.47 million, reflecting a growth rate of 48.2%. However, the company reported a net margin of -105.7% and a return on equity of -126.4%, indicating ongoing challenges to profitability. The next earnings report is scheduled for August 6, 2026.
Analysts Set New Price Targets
On June 25, 2026, Needham reiterated its buy rating on Velo3D, Inc. with a $33 price target. Previously, on May 13, 2026, Lake Street maintained its buy rating with a $20 target. The consensus target price for Velo3D stands at $22.50, based on two analyst opinions.
About Velo3D, Inc.
Velo3D, Inc. is a technology company headquartered in Fremont, California. It specializes in producing metal additive manufacturing printers, which are used to create complex components for industries such as aerospace, automotive, and energy. The company's product lineup includes the Sapphire series of printers and proprietary software platforms like Flow and Assure. Founded in 2014, Velo3D operates as a subsidiary of Arrayed Additive Inc.
Bottom Line
Needham's reiterated buy rating and $33 price target reflect confidence in Velo3D's future prospects. Investors closely watch these analyst ratings for insights into potential stock movements. However, it's important to remember that these ratings are based on past performance and market conditions at the time of analysis.
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