Morgan Stanley Maintains Underweight on Veeva Sys, Raises Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Craig Hettenbach has maintained an Underweight rating on Veeva Systems (VEEV) but raised the price target from $160 to $210.
March 12, 2024 | 12:41 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Underweight rating on Veeva Systems but increases the price target from $160 to $210.
While the Underweight rating suggests a cautious outlook on VEEV's stock, the increase in price target from $160 to $210 indicates a positive adjustment in the valuation assessment. This mixed signal could lead to neutral short-term price movement as investors weigh the unchanged rating against the higher price target.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90