On Dec 07, major Wall Street analysts update their ratings for $Veeva Systems (VEEV.US)$, with price targets ranging from $183 to $300.
Morgan Stanley analyst Craig Hettenbach maintains with a sell rating, and adjusts the target price from $173 to $183.
UBS analyst Karl Keirstead maintains with a hold rating, and adjusts the target price from $215 to $250.
Wells Fargo analyst Stan Berenshteyn maintains with a buy rating, and maintains the target price at $285.
Jefferies analyst David Windley maintains with a buy rating, and maintains the target price at $280.
Oppenheimer analyst Kenneth Wong maintains with a buy rating, and adjusts the target price from $230 to $280.
Furthermore, according to the comprehensive report, the opinions of $Veeva Systems (VEEV.US)$'s main analysts recently are as follows:
Following another quarter of healthy upside in Q3, it is noted that the operating margin stood at 43.5%. However, it is believed that this margin might currently be at its peak when considering the long-term target margin of above 35%. While there are positive expectations due to improvements in the R&D business and execution across the broader suite, concerns remain that replatforming efforts and heightened competition could restrict growth.
Veeva achieved a 'clean quarter,' surpassing expectations across all significant metrics. The forecast indicates that strong billings and revenue should persist throughout the fiscal year 2025.
Veeva's recent Q3 results were noted as 'strong', marked by the most robust operating margin performance in the company's history. The company's continued success is evidenced by broad-based strength and significant progress in acquiring new Vault CRM customers.
The company reported a strong quarter, surpassing expectations and subsequently raising its full-year revenue, subscription revenue, and billings guidance. This performance, expected by some following previous guidance reaffirmations, still pleased observers. The firm noted that Veeva executed well across all areas, maintaining strong Commercial momentum despite a consistent macro environment.
Despite having previously announced a promising third-quarter performance, the actual results surpassed expectations significantly. The outlook for the upcoming fiscal years appears positive, with raised forecasts likely underestimating the true potential. Additionally, improved near-term visibility and encouraging indicators from various products and customers further enhance the financial prospects as the company heads into the next fiscal year.
Here are the latest investment ratings and price targets for $Veeva Systems (VEEV.US)$ from 11 analysts:
Note:
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