Jefferies analyst David Windley maintains $Veeva Systems (VEEV.US)$ with a buy rating, and adjusts the target price from $240 to $280.
According to TipRanks data, the analyst has a success rate of 62.4% and a total average return of 11.1% 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 company has established a new long-term model aiming for $6B in run-rate revenue by 2030, as presented during its investor day.
The projection for Veeva has been adjusted with an increased focus following the Investor Day. While the company's mid-term targets are recognized for their ambitious nature, which invites scrutiny, the historical performance indicates that the potential should not be underestimated.
The company's investor day presentation confirmed Q3 forecasts and 2025 goals, while also presenting a new long-term plan for 2030 that suggests a 15% compound annual growth rate and 35% operating margins.
Note:
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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.
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