On Dec 06, major Wall Street analysts update their ratings for $Veeva Systems (VEEV.US)$, with price targets ranging from $183 to $290.
Morgan Stanley analyst Craig Hettenbach maintains with a sell rating, and adjusts the target price from $173 to $183.
BofA Securities analyst Bradley Sills maintains with a hold rating, and adjusts the target price from $280 to $290.
Barclays analyst Saket Kalia maintains with a buy rating, and adjusts the target price from $260 to $275.
Wells Fargo analyst Stan Berenshteyn maintains with a buy rating, and adjusts the target price from $242 to $285.
TD Cowen analyst Charles Rhyee maintains with a hold rating, and maintains the target price at $250.
Furthermore, according to the comprehensive report, the opinions of $Veeva Systems (VEEV.US)$'s main analysts recently are as follows:
Following a quarter with significant positive surprises in Q3, operating margin achieved 43.5%. However, it is anticipated that the margin may have reached its peak, considering the long-term goal for margins remains above 35%. Concerns persist that the efforts to replace platforms, along with heightened competition, might restrain growth despite improvements in the R&D business landscape and execution across a broader suite.
Veeva reported a 'clean quarter,' surpassing all key metrics, with billings and revenue projections for fiscal 2025 outperforming expectations throughout the year.
The company delivered its most positive update recently, with noticeable increases in normalized billings. Moreover, there was a beat on total revenue, EBIT margin, and EPS.
Veeva reported solid Q3 results and raised the fiscal 2025 outlook across all measures against a cautious investor backdrop. The upward service dynamic in Veeva indicates a positive reversal of earlier headwinds.
Here are the latest investment ratings and price targets for $Veeva Systems (VEEV.US)$ from 10 analysts:
Note:
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