Stifel analyst David Grossman lowered the firm’s price target on Veeva to $205 from $211 and keeps a Buy rating on the shares after the company lowered fiscal Q4 and FY25 revenue guidance 2% each ahead of hosting its virtual investor day. The firm views the stock as “relatively defensive” and while it sees some incremental downside risk, it believes yesterday’s reset “presents an attractive longer-term entry point.”
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