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Oppenheimer Reaffirms Their Buy Rating on Veeva Systems (VEEV)

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

In a report released today, Martin Yang from Oppenheimer reiterated a Buy rating on Veeva Systems, with a price target of $225.00.

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Yang covers the Technology sector, focusing on stocks such as Turtle Beach, Apple, and Corning. According to TipRanks, Yang has an average return of 18.1% and a 50.18% success rate on recommended stocks.

In addition to Oppenheimer, 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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