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Analysts Offer Insights on Technology Companies: Veeva Systems (VEEV) and Nutanix (NTNX)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Veeva Systems (VEEVResearch Report) and Nutanix (NTNXResearch Report) with bullish sentiments.

Veeva Systems (VEEV)

In a report released today, Kenneth Wong from Guggenheim maintained a Buy rating on Veeva Systems, with a price target of $255.00. The company’s shares closed last Wednesday at $230.62.

According to TipRanks.com, Wong is a 4-star analyst with an average return of 11.6% and a 50.0% success rate. Wong covers the Technology sector, focusing on stocks such as Weave Communications, BigCommerce Holdings, and Altair Engineering.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veeva Systems with a $271.30 average price target, a 16.9% upside from current levels. In a report released today, Piper Sandler also maintained a Buy rating on the stock with a $290.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Nutanix (NTNX)

In a report released today, Mike Cikos from Needham maintained a Buy rating on Nutanix, with a price target of $34.00. The company’s shares closed last Wednesday at $27.26.

According to TipRanks.com, Cikos is a 3-star analyst with an average return of 3.1% and a 40.5% success rate. Cikos covers the Technology sector, focusing on stocks such as Ping Identity Holding, Tenable Holdings, and Cognyte Software.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nutanix with a $40.00 average price target, a 49.8% upside from current levels. In a report issued on February 23, J.P. Morgan also maintained a Buy rating on the stock with a $50.00 price target.

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