Analyst Price Target Update on Veeva Systems (NYSE:VEEV)

Veeva Systems (NYSE:VEEV) stock has received a short term price target of $ 34.86 from 7 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.24. The higher estimate of target price is $40 , while the lower price target estimate is $31

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Canaccord Genuity maintains its rating on Veeva Systems (NYSE:VEEV).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Canaccord Genuity raises the new price target from $32 per share to $35 per share. The rating by the firm was issued on May 27, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (Chief Financial Officer) of Veeva Systems Inc, Cabral Timothy S sold 41,875 shares at $34.77 on June 8, 2016. The Insider selling transaction had a total value worth of $1,455,994. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Veeva Systems (NYSE:VEEV) : On Monday heightened volatility was witnessed in Veeva Systems (NYSE:VEEV) which led to swings in the share price. The stock opened for trading at $33.95 and hit $34.51 on the upside , eventually ending the session at $34.15, with a gain of 0.29% or 0.1 points. The heightened volatility saw the trading volume jump to 1,700,296 shares. The 52-week high of the share price is $35.69 and the company has a market cap of $4,602 million. The 52-week low of the share price is at $19.97 .

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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