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Analysts Offer Insights on Technology Companies: Veeva Systems (VEEV) and Pure Storage (PSTG)

Analysts have been eager to weigh in on the Technology sector with new ratings on Veeva Systems (VEEVResearch Report) and Pure Storage (PSTGResearch Report).

Veeva Systems (VEEV)

Evercore ISI analyst Kirk Materne maintained a Hold rating on Veeva Systems yesterday and set a price target of $200.00. The company’s shares closed last Thursday at $192.55.

According to TipRanks.com, Materne is a 4-star analyst with an average return of 7.1% and a 56.6% success rate. Materne covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Qualtrics International, and Tyler Technologies.

Currently, the analyst consensus on Veeva Systems is a Moderate Buy with an average price target of $223.25, representing a 26.3% upside. In a report issued on May 24, Barclays also maintained a Hold rating on the stock with a $195.00 price target.

See the top stocks recommended by analysts >>

Pure Storage (PSTG)

In a report released yesterday, Amit Daryanani from Evercore ISI maintained a Buy rating on Pure Storage, with a price target of $40.00. The company’s shares closed last Thursday at $28.37.

According to TipRanks.com, Daryanani is a 4-star analyst with an average return of 4.4% and a 45.3% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Resideo Technologies.

Pure Storage has an analyst consensus of Strong Buy, with a price target consensus of $38.27, which is a 41.1% upside from current levels. In a report issued on June 1, Susquehanna also reiterated a Buy rating on the stock with a $40.00 price target.

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