Veeva Systems (VEEV) reachead $223.40 at the closing of the latest trading day, reflecting a +0.19% change compared to its last close.
In the most recent trading session, Veeva Systems (VEEV) closed at $214.75, indicating a +1.43% shift from the previous trading day.
Zacks.com users have recently been watching Veeva (VEEV) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the latest trading session, Veeva Systems (VEEV) closed at $217.75, marking a +0.21% move from the previous day.
Veeva saw its revenue and non-GAAP operating income grow 13% and 29% YoY in its Q3 FY25 earnings, beating estimates with ongoing momentum in its Development Cloud. The Development Cloud segment, now Veeva's largest revenue contributor, saw 24% YoY growth, driven by deepening adoption across clinical, safety, and quality areas. Despite analyst projections of slower growth, I believe Veeva will meet its $6B revenue target by 2030, supported by its robust product roadmap, genAI innovations, and a favorable macro backdrop.
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Zacks.com users have recently been watching Veeva (VEEV) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Stephens analyst Jeff Garro initiated coverage of Veeva with an Overweight rating and $280 price target. The company's sales growth stabilizing in the mid-teens, a return to 40%-plus EBITDA margins, and positive early feedback on the Vault transition have the shares delivering a strong share price performance over the last six months, the analyst tells investors in a research note. The firm says that relative to its own historical valuation multiple, Veeva is trading well below its 10-year average. It believes the company's next leg of growth through the new markets plan has potential to push the multiple back toward its 10-year average.
VEEV's robust product portfolio and a slew of strategic deals raise optimism about the stock.
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Recently, Zacks.com users have been paying close attention to Veeva (VEEV). This makes it worthwhile to examine what the stock has in store.
Explore how Veeva's (VEEV) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.