Wells Fargo Upgrades Veeva Sys to Overweight, Raises Price Target to $229
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Stan Berenshteyn has upgraded Veeva Systems (VEEV) from Equal-Weight to Overweight and raised the price target from $211 to $229.
October 25, 2023 | 10:29 am
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POSITIVE IMPACT
Veeva Systems has been upgraded to Overweight from Equal-Weight by Wells Fargo, with a raised price target of $229, up from $211.
The upgrade from Wells Fargo is a positive signal for Veeva Systems. It indicates that the analyst believes the company's stock will outperform the market or its sector in the short term. The raised price target also suggests that the analyst sees potential for the stock's price to increase. This could lead to increased investor interest and potentially a short-term increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100