Short Term Rating on Veeva Systems (VEEV)

Veeva Systems (VEEV) : The consensus on Veeva Systems (VEEV) based on 9 analyst recommendation on the company stock is 1.61, 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. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Veeva Systems (VEEV) : Currently there are 7 street experts covering Veeva Systems (VEEV) stock. The most bullish and bearish price target for the stock is $40 and $31 respectively for the short term. The average price target of all the analysts comes to $36. The estimated standard deviation from the target is $3.46.

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


Veeva Systems (NYSE:VEEV): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.27 and $36.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.10, notching a gain of 0.49% for the day. The total traded volume was 1,634,655 . The stock had closed at $36.92 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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