Forecasting The Future: 17 Analyst Projections For Veeva Sys
Portfolio Pulse from Benzinga Insights
17 analysts have recently shared their evaluations of Veeva Systems (NYSE:VEEV), showing a mix of bullish and bearish sentiments. The average 12-month price target is $241.06, reflecting a 12.03% increase from the previous target of $215.18. Analysts from firms like Morgan Stanley, Keybanc, and Jefferies have adjusted their ratings and price targets, indicating a positive outlook for VEEV. The company, a leading provider of cloud-based solutions for the life sciences industry, has shown impressive financial performance with significant revenue growth, high net margin, and strong ROE and ROA, despite lagging behind its industry peers in revenue growth rate.
March 12, 2024 | 1:00 pm
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POSITIVE IMPACT
Veeva Systems has received a mix of bullish and bearish ratings from 17 analysts, with an updated average 12-month price target of $241.06, indicating a positive sentiment and a potential increase in stock price.
The increase in the average price target to $241.06 from $215.18, along with positive adjustments in ratings and price targets by analysts from reputable firms, suggests a strong bullish sentiment towards VEEV. This, combined with Veeva's impressive financial performance and its leading position in providing cloud-based solutions for the life sciences industry, supports a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100