Veeva Systems (VEEV) Receives Analyst Rating

Veeva Systems (VEEV) : Zacks Investment Research ranks Veeva Systems (VEEV) as 3, which is a Hold recommendation. 5 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 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.78, which indicates as a Buy.

Veeva Systems (VEEV) : Average target price received by Veeva Systems (VEEV) is $42.71 with an expected standard deviation of $3.55. The most aggressive target on the stock is $48, whereas the most downbeat target is $36. 7 financial analysts are currently covering the stock.


Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, maintains their rating on the shares of Veeva Systems (NYSE:VEEV). Morgan Stanley has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $48 per share from a prior target of $44. The rating by the firm was issued on August 31, 2016.

Veeva Systems (NYSE:VEEV): After opening at $40.25, the stock dipped to an intraday low of $40.02 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $40.58 and the buying power remained strong till the end. The stock closed at $40.45 for the day, a gain of 0.52% for the day session. The total traded volume was 774,047. The stocks close on the previous trading day was $40.24.

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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