RBC Capital Sticks to Its Buy Rating for Veeva Systems (VEEV)
In a report released yesterday, Rishi Jaluria from RBC Capital maintained a Buy rating on Veeva Systems, with a price target of $275.00. The company’s shares closed yesterday at $188.48.
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According to TipRanks, Jaluria is an analyst with an average return of -6.1% and a 48.20% success rate. Jaluria covers the Technology sector, focusing on stocks such as Oracle, Intuit, and MongoDB.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veeva Systems with a $263.53 average price target, which is a 39.82% upside from current levels. In a report released today, TipRanks – xAI also reiterated a Buy rating on the stock with a $207.00 price target.
Based on Veeva Systems’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $811.24 million and a net profit of $236.2 million. In comparison, last year the company earned a revenue of $699.21 million and had a net profit of $185.81 million
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- Veeva price target raised to $245 from $212 at Stifel
- Veeva price target raised to $235 from $200 at Canaccord
- Strong Near-Term Execution but Uncertain Long-Term Growth Drivers Justify Hold on Veeva
- Veeva price target lowered to $317 from $333 at Wells Fargo
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