Veeva price target lowered to $185 from $210 at Canaccord

Canaccord lowered the firm’s price target on Veeva to $185 from $210 and keeps a Hold rating on the shares. The firm said if you can take a 4-5-year view on this business, Veeva remains exceptionally well positioned as the firm is so entrenched with the vast majority of its customers that Canaccord don’t see a lot of risk with the transition to Vault CRM.