Veeva Systems (VEEV) Gets a Buy Rating from RBC Capital

In a report issued on July 18, Rishi Jaluria from RBC Capital maintained a Buy rating on Veeva Systems (VEEVResearch Report), with a price target of $250.00. The company’s shares closed last Wednesday at $210.00.

According to TipRanks.com, Jaluria is a 2-star analyst with an average return of 0.6% and a 42.8% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Duck Creek Technologies.

Veeva Systems has an analyst consensus of Moderate Buy, with a price target consensus of $226.39, representing a 9.6% upside. In a report issued on July 18, Piper Sandler also maintained a Buy rating on the stock with a $275.00 price target.

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Veeva Systems’ market cap is currently $31.66B and has a P/E ratio of 80.72.

Based on the recent corporate insider activity of 99 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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