tiprankstipranks
Veeva price target lowered to $210 from $220 at KeyBanc
The Fly

Veeva price target lowered to $210 from $220 at KeyBanc

KeyBanc analyst Scott Schoenhaus lowered the firm’s price target on Veeva (VEEV) to $210 from $220 to reflect some multiple impairment as the company works toward this transition, while keeping an Overweight rating on the shares. The analyst notes the company reported a solid quarter with top and bottom-line beats, but guided slightly below expectations on Q4 billings, revenue, and operating profits. The company is moving its CRM business from Salesforce (CRM) to its Vault Platform when the contract expires in September 2025, Schoenhaus adds.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on VEEV:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles