Zacks Rating on Veeva Systems (VEEV)

Veeva Systems (VEEV) : Zacks Investment Research ranks Veeva Systems (VEEV) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.63, which indicates as a Buy.

Veeva Systems (VEEV) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $40 and the lowest price target forecast is $31. The average forecast of all the analysts is $35.67 and the expected standard deviation is $3.67.


Shares of Veeva Systems Inc. rose by 2% in the last five trading days and 7.38% for the last 4 weeks. Veeva Systems Inc. is up 34.16% in the last 3-month period. Year-to-Date the stock performance stands at 37.64%. Veeva Systems (NYSE:VEEV): stock turned positive on Tuesday. Though the stock opened at $39.55, the bulls momentum made the stock top out at $39.9299 level for the day. The stock recorded a low of $39.49 and closed the trading day at $39.71, in the green by 0.79%. The total traded volume for the day was 1,953,942. The stock had closed at $39.4 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.