BTIG analyst David Larsen 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 31.6% and a total average return of -9.5% 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 set a new long-term revenue goal, aiming for a $6B run-rate by 2030 as revealed during its investor day.
Updates to the model for Veeva were made subsequent to the company's Investor Day. While acknowledging that the company's mid-term targets, known for their ambition, invite scrutiny, it's also recognized that the company's historical performance suggests the potential should not be underestimated.
The company's investor day presentation reaffirmed Q3 guidance and 2025 targets, while also revealing a new long-term 2030 target that suggests a 15% growth 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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