Baird analyst Joseph Vruwink maintains $Veeva Systems (VEEV.US)$ with a buy rating, and adjusts the target price from $245 to $275.
According to TipRanks data, the analyst has a success rate of 67.9% and a total average return of 13.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Veeva Systems (VEEV.US)$'s main analysts recently are as follows:
The firm updated its forecast following Veeva's Investor Day, acknowledging that while the company's mid-term targets are known to be ambitious and may invite scrutiny, its historical performance indicates that its potential should not be underestimated.
The company's recent investor day presentation reaffirmed guidance for Q3 and its 2025 targets, while also introducing a new long-term objective for 2030, hinting at a 15% compound annual growth rate and 35% operating margins.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
