Barclays analyst Saket Kalia maintained a Buy rating on Veeva Systems (VEEV – Research Report) today and set a price target of $245.00. The company’s shares closed yesterday at $230.39.
Kalia covers the Technology sector, focusing on stocks such as Autodesk, Adobe, and Palo Alto Networks. According to TipRanks, Kalia has an average return of 15.9% and a 60.82% success rate on recommended stocks.
Currently, the analyst consensus on Veeva Systems is a Moderate Buy with an average price target of $240.26, which is a 4.28% upside from current levels. In a report released on March 26, RBC Capital also maintained a Buy rating on the stock with a $250.00 price target.
Based on Veeva Systems’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $616.51 million and a net profit of $135.16 million. In comparison, last year the company earned a revenue of $552.35 million and had a net profit of $108.46 million
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VEEV in relation to earlier this year. Most recently, in January 2024, Eleni Nitsa Zuppas, the CMO of VEEV sold 3,000.00 shares for a total of $614,250.00.
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Veeva Systems (VEEV) Company Description:
Founded in 2007 and headquartered in California, Veeva Systems, Inc. is a leader in cloud-based software for the global life sciences industry. Its solutions are focused on pharmaceutical and life sciences industry applications.
