Truist Securities Maintains Hold Rating for Veeva Sys: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained a Hold rating on Veeva Systems (NYSE:VEEV) but lowered its price target from $227.00 to $187.00. Veeva Sys shares are currently trading up 3.7% at $179.88, and the new price target suggests a potential upside of 3.96%. Veeva is a leading provider of cloud-based software for the life sciences industry, with products like Veeva CRM and Veeva Vault.
November 15, 2023 | 5:00 pm
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Truist Securities maintains a Hold rating on Veeva Systems but reduces the price target from $227 to $187. The stock has risen 3.7% recently, trading at $179.88.
The maintenance of a Hold rating with a reduced price target may have a neutral to slightly negative impact on investor sentiment. The recent stock price increase indicates a positive market reaction, but the lowered target could temper future expectations.
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IMPORTANCE 75
RELEVANCE 100