Veeva Systems (VEEV) : Traders are bullish on Veeva Systems (VEEV) as it has outperformed the S&P 500 by a wide margin of 5.41% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.97%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.51% in the last 1 week, and is up 3.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.69% and the 50-Day Moving Average is 6.42%.The 200 Day SMA reached 35.69% Veeva Systems Inc. is up 21.73% in the last 3-month period. Year-to-Date the stock performance stands at 41.94%.
Veeva Systems (VEEV) : The highest short term price target forecast on Veeva Systems (VEEV) is $48 and the lowest target price is $36. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $42.71 with a standard deviation of $3.55.
For the current week, the company shares have a recommendation consensus of Buy. Veeva Systems (NYSE:VEEV): The stock opened at $40.5 and touched an intraday high of $41 on Friday. During the day, the stock corrected to an intraday low of $40.35, however, the bulls stepped in and pushed the price higher to close in the green at $40.95 with a gain of 1.24% for the day. The total traded volume for the day was 1,390,030. The stock had closed at $40.95 in the previous trading session.
Veeva Systems Inc. (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Companys industry cloud for life sciences consists of the solution sets: Veeva CRM, its core customer relationship management solution and related solutions; Veeva Vault, its regulated content management and collaboration solutions; Veeva Network, its customer master data management solution, and Veeva OpenKey, its data and related services offerings. It provides updates to its software solutions three times per year. Updates are included in its subscription and are not subject to an additional fee. Upgrades are implemented by Veeva in its cloud computing environment such that when a new update is put into production, the prior version is replaced. Veeva OpenKey customer data is available in Australia, China, France, Italy, the United Kingdom and the United States.