This Is What Whales Are Betting On Veeva Sys
Portfolio Pulse from Benzinga Insights
A large bearish position on Veeva Sys (NYSE:VEEV) has been observed, with 66% of big-money traders being bearish. Whales have been targeting a price range of $160 to $210 for Veeva Sys over the last 3 months. UBS maintains a Neutral rating with a price target of $175.
May 24, 2023 | 5:06 pm
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A large bearish position has been observed in Veeva Sys (NYSE:VEEV), with 66% of big-money traders being bearish. Whales have targeted a price range of $160 to $210 over the last 3 months. UBS maintains a Neutral rating with a price target of $175.
The large bearish position observed in Veeva Sys indicates that big-money traders expect the stock price to decline in the short term. The 66% bearish sentiment among these traders suggests a negative outlook for the stock. Additionally, the targeted price range of $160 to $210 by whales over the last 3 months indicates potential price fluctuations. UBS's Neutral rating with a price target of $175 also supports the bearish sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100