Several analysts have recently updated their ratings and price targets for Veeva Systems (NYSE: VEEV):
- 9/9/2024 – Veeva Systems had its price target raised by analysts at JPMorgan Chase & Co. from $203.00 to $208.00. They now have a “neutral” rating on the stock.
- 9/3/2024 – Veeva Systems had its price target raised by analysts at Truist Financial Co. from $197.00 to $207.00. They now have a “hold” rating on the stock.
- 8/29/2024 – Veeva Systems had its price target raised by analysts at Barclays PLC from $220.00 to $240.00. They now have an “overweight” rating on the stock.
- 8/29/2024 – Veeva Systems had its price target raised by analysts at Piper Sandler from $225.00 to $230.00. They now have an “overweight” rating on the stock.
- 8/29/2024 – Veeva Systems had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $250.00 price target on the stock.
- 8/29/2024 – Veeva Systems had its price target raised by analysts at Raymond James from $230.00 to $235.00. They now have an “outperform” rating on the stock.
- 8/29/2024 – Veeva Systems had its price target raised by analysts at Robert W. Baird from $245.00 to $251.00. They now have an “outperform” rating on the stock.
- 8/29/2024 – Veeva Systems had its price target raised by analysts at Bank of America Co. from $204.00 to $240.00. They now have a “neutral” rating on the stock.
- 8/29/2024 – Veeva Systems had its price target raised by analysts at TD Cowen from $180.00 to $192.00. They now have a “hold” rating on the stock.
- 8/29/2024 – Veeva Systems had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $260.00 price target on the stock.
- 8/27/2024 – Veeva Systems had its price target raised by analysts at Citigroup Inc. from $256.00 to $273.00. They now have a “buy” rating on the stock.
- 8/26/2024 – Veeva Systems had its price target raised by analysts at UBS Group AG from $185.00 to $215.00. They now have a “neutral” rating on the stock.
- 7/18/2024 – Veeva Systems had its price target raised by analysts at Guggenheim from $211.00 to $233.00. They now have a “buy” rating on the stock.
Veeva Systems Trading Down 0.9 %
Shares of VEEV stock opened at $217.95 on Monday. Veeva Systems Inc. has a 12-month low of $162.72 and a 12-month high of $236.90. The stock’s 50-day moving average price is $196.14 and its 200-day moving average price is $201.72. The stock has a market capitalization of $35.23 billion, a price-to-earnings ratio of 64.29, a price-to-earnings-growth ratio of 2.14 and a beta of 0.81.
Insider Transactions at Veeva Systems
In other news, SVP Jonathan Faddis sold 2,353 shares of Veeva Systems stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $200.00, for a total value of $470,600.00. Following the sale, the senior vice president now directly owns 9,035 shares of the company’s stock, valued at $1,807,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.50% of the company’s stock.
Institutional Investors Weigh In On Veeva Systems
Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.
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