Piper Sandler Maintains Overweight on Veeva Systems, Lowers Price Target to $235
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin maintains an Overweight rating on Veeva Systems (NYSE:VEEV) but lowers the price target from $245 to $235.
May 31, 2024 | 9:35 am
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Veeva Systems but lowers the price target from $245 to $235, indicating a slight decrease in expected future performance.
The Overweight rating suggests continued confidence in Veeva Systems' performance, but the lowered price target indicates a slight reduction in expected future gains. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100