Analyst Rating Update on Veeva Systems (VEEV)

Veeva Systems (NYSE:VEEV) has an average broker rating of 1.75, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Veeva Systems (NYSE:VEEV) : The highest short term price target forecast on Veeva Systems (NYSE:VEEV) is $40 and the lowest target price is $31. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $36 with a standard deviation of $3.46.

For the current week, the company shares have a recommendation consensus of Buy. Also, Bank of America initiates coverage on Veeva Systems (NYSE:VEEV). The shares have now been rated Neutral by the stock experts at the ratings house. Bank of America announces the current price target of $40 per share on Veeva Systems . The rating by the firm was issued on June 17, 2016.

Veeva Systems (NYSE:VEEV): stock turned positive on Tuesday. Though the stock opened at $33.4, the bulls momentum made the stock top out at $33.56 level for the day. The stock recorded a low of $32.947 and closed the trading day at $33.01, in the green by 0.15%. The total traded volume for the day was 1,466,867. The stock had closed at $32.96 in the previous days trading.

In an insider trading activity,The officer (Chief Financial Officer) of Veeva Systems Inc, Cabral Timothy S sold 35,875 shares at $34.42 on June 15, 2016. The Insider selling transaction had a total value worth of $1,234,818. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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