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Veeva Systems (VEEV) Receives a Buy from Stifel Nicolaus

Tipranks - Tipranks - Fri Jun 5, 7:56AM CDT

In a report released today, David Grossman from Stifel Nicolaus assigned a Buy rating to Veeva Systems, with a price target of $230.00.

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According to TipRanks, Grossman is a 2-star analyst with an average return of 0.5% and a 47.14% success rate. Grossman covers the Technology sector, focusing on stocks such as Epam Systems, Paychex, and Accenture.

In addition to Stifel Nicolaus, Veeva Systems also received a Buy from TD Cowen’s Charles Rhyee in a report issued today. However, on the same day, Canaccord Genuity maintained a Hold rating on Veeva Systems (NYSE: VEEV).

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Based on Veeva Systems’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $835.95 million and a net profit of $244.2 million. In comparison, last year the company earned a revenue of $720.89 million and had a net profit of $195.63 million

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