Analyst Rating Update on Veeva Systems (VEEV)

Veeva Systems (VEEV) : Zacks Investment Research ranks Veeva Systems (VEEV) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.56, which indicates as a Buy.

Veeva Systems (VEEV) : 7 Wall Street analysts covering Veeva Systems (VEEV) believe that the average level the stock could reach for the short term is $36. The maximum price target given is $40 and the minimum target for short term is around $31, hence the standard deviation is calculated at $3.46.

For the current week, the company shares have a recommendation consensus of Buy.


Veeva Systems (NYSE:VEEV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.22 and $36.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.63, notching a gain of 0.78% for the day. The total traded volume was 1,098,672 . The stock had closed at $37.34 on the previous day.

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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