Veeva Systems (VEEV) Receives Price Target

Veeva Systems (VEEV) : Average target price received by Veeva Systems (VEEV) is $35.67 with an expected standard deviation of $3.67. The most aggressive target on the stock is $40, whereas the most downbeat target is $31. 6 financial analysts are currently covering the stock.

Veeva Systems (VEEV) : The consensus on Veeva Systems (VEEV) based on 9 analyst recommendation on the company stock is 1.78, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Raymond James initiates coverage on Veeva Systems (NYSE:VEEV) The shares have been rated Market Perform. The rating by the firm was issued on August 24, 2016.

Veeva Systems (NYSE:VEEV): The stock opened at $41.36 on Thursday but the bulls could not build on the opening and the stock topped out at $41.42 for the day. The stock traded down to $40.03 during the day, due to lack of any buying support eventually closed down at $40.23 with a loss of -1.69% for the day. The stock had closed at $40.92 on the previous day. The total traded volume was 2,160,568 shares.

Veeva Systems Inc. (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Companys industry cloud for life sciences consists of the solution sets: Veeva CRM, its core customer relationship management solution and related solutions; Veeva Vault, its regulated content management and collaboration solutions; Veeva Network, its customer master data management solution, and Veeva OpenKey, its data and related services offerings. It provides updates to its software solutions three times per year. Updates are included in its subscription and are not subject to an additional fee. Upgrades are implemented by Veeva in its cloud computing environment such that when a new update is put into production, the prior version is replaced. Veeva OpenKey customer data is available in Australia, China, France, Italy, the United Kingdom and the United States.

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