Veeva Systems (NYSE:VEEV) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.86 by 11 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Bank of America initiates coverage on Veeva Systems (NYSE:VEEV). In the latest research report, Bank of America announces the target price to $40 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 17, 2016.
Veeva Systems (NYSE:VEEV): The mean short term price target for Veeva Systems (NYSE:VEEV) has been established at $35.5 per share. The higher price target estimate is at $40 and the lower price target estimate is expected at $31 according to 8 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $3.51
Veeva Systems (NYSE:VEEV) witnessed a decline in the market cap on Tuesday as its shares dropped 0.73% or 0.25 points. After the session commenced at $34.44, the stock reached the higher end at $34.5499 while it hit a low of $33.69. With the volume soaring to 1,087,185 shares, the last trade was called at $34.04. The company has a 52-week high of $35.69. The company has a market cap of $4,587 million and there are 134,764,480 shares in outstanding. The 52-week low of the share price is $19.97.
Shares of Veeva Systems Inc. rose by 0.21% in the last five trading days and 17.62% for the last 4 weeks. Veeva Systems Inc. is up 32.5% in the last 3-month period. Year-to-Date the stock performance stands at 17.99%.
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.